- Geely-backed VREMT team up with Alibaba for overseas business development
On Feb. 28, VREMT, a subsidiary of Geely Holding, signed an agreement with Alibaba.com, a cross-border e-commerce platform of Alibaba Group, to conduct strategic cooperation on some “going global”...
Mar. 01 , 2023
- Car and City: Shenzhen tops other Chinese cities by Model 3, Model Y registrations in Jan. 2023
In the first month of 2023, there were 27,207 China-made Tesla-branded vehicles registered across the Chinese mainland, representing a 34.7% decrease compared to the previous month, according to the d...
Feb. 28 , 2023
- Li Auto scores two-digit YoY, QoQ growth in Q4 2022 revenue
Li Auto Inc. announced on Monday its revenue reached 17.65 billion yuan ($2.56 billion) in the fourth quarter of 2022 (Q4 2022), surging 66.2% year on year and also soaring 88.9% quarter on quarter.
Feb. 27 , 2023
- Tencent, IDG Capital invest in Chinese auto startup ROX’s Series E financing round
ROX, the auto startup project founded by Chang Jing, the founder and CEO of China’s intelligent cleaning robot company Roborock, has reportedly closed its Series E financing round, which was led by ...
Feb. 27 , 2023
- SERES, Huawei deepen cooperation, eyeing annual NEV sales of 1 million units in 2026
On February 25, SERES and Huawei inked an agreement to deepen their joint business cooperation in Shenzhen. Based on their cooperation, the joint business goal of SERES is to achieve an annual product...
Feb. 27 , 2023
- IM Motors nabs 5 billion yuan worth of loan
IM Motors, the premium electric vehicle makers jointly backed by SAIC Motor, Alibaba Group, and Zhangjiang High-Tech, recently obtained a loan worth 5 billion yuan ($723.066 million) by signing an agr...
Feb. 24 , 2023
- GAC Group, GAC AION to lift capital contributions to NEV startup HYCAN
GAC Group and its subsidiary GAC AION will increase their capital contributions to HYCAN by 107 million yuan ($15.474 million) and 493 million yuan ($71.294 million), in proportion to their respective...
Feb. 24 , 2023
- Gotion High-Tech’s lab accredited by Volkswagen Group for cell tests
Gotion High-Tech announced on Feb. 21 via its WeChat account that its laboratory has been qualified by Volkswagen Group for cell testing.
Feb. 23 , 2023
