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The Anhui-based automaker JAC Motors and NIO Holding Ltd. signed on March 4 a letter of intent for the establishment of a joint venture in Hefei, where NIO China is headquartered, according to JAC Motors’ announcement.
Mar. 4 , 2021
The joint venture co-built by Daimler’s Mercedes-Benz AG and Zhejiang Geely Holding Group for smart brand locates its car assembly plant in Xi’an, capital of Shaanxi province, according to a local media outlet.
Mar. 4 , 2021
HOZON Auto, a Chinese EV startup possessing the NEV brand Nezha, was granted a credit line worth 5 billion yuan ($772.678 million) by China CITIC Bank on March 1, the company said via its WeChat account.
Mar. 4 , 2021
The new vehicle will be equipped with Huawei’s 3 automotive-grade LiDARs, 6 millimeter-wave radars, 12 cameras, 13 ultrasonic radars as well as Huawei’s chips with 352 TOPS of computing power.
Mar. 2 , 2021
Chinese EV startup Xpeng Motors announced it delivered 2,223 new vehicles in February, traditionally an off-season for car shopping in China.
Mar. 2 , 2021
Zhejiang Leapmotor Technology Co.,Ltd. (Leapmotor) has introduced a new shareholder, Guosen Securities, a Chinese state-owned financial services company headquartered in Shenzhen, according to the corporate data platform Qichacha.
Mar. 2 , 2021