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SGMW's vehicles to adopt Horizon Robotics' ADAS solution in H1 2022
SGMW's vehicles to adopt Horizon Robotics' ADAS solution in H1 2022

China’s AI chip developer, Horizon Robotics, has reached strategic cooperation with automaker SAIC-GM-Wuling (SGMW) in the ADAS, autonomous driving, and automotive intelligence fields.

Jan. 17 , 2022
NavInfo expects to turn loss into profit in 2021 annual performance
NavInfo expects to turn loss into profit in 2021 annual performance

China’s major navigation player, NavInfo, was projected to see a turnaround from loss to profit as high as RMB131 million ($20.61 million) according to its 2021 annual performance preannouncement.

Jan. 17 , 2022
Former BAIC BJEV’s senior exec named as vice president of Xiaomi’s auto unit
Former BAIC BJEV’s senior exec named as vice president of Xiaomi’s auto unit

Xiaomi Corporation has named Yu Liguo, former senior executive of BAIC BJEV, as Vice President of Xiaomi Automobile Co.,Ltd. and a political commissar of Xiaomi auto unit's Beijing headquarters.

Jan. 17 , 2022
Ford Motor sees China sales in 2021 grow 3.7% YoY
Ford Motor sees China sales in 2021 grow 3.7% YoY

Ford Motor sold nearly 625,000 new vehicles in China through 2021, representing a year-on-year growth of 3.7%, the U.S.-based automaker said on Jan. 14.

Jan. 14 , 2022
Unmanned mining solution provider WAYTOUS nabs 300 million yuan in C funding round
Unmanned mining solution provider WAYTOUS nabs 300 million yuan in C funding round

Chinese unmanned mining solution provider WAYTOUS has bagged nearly 300 million yuan ($47.159 million) in a Series C round, the company announced on Jan. 13.

Jan. 14 , 2022
EVE Energy gets 49% stake in Qinghai-based lithium salt producer for 200 million yuan
EVE Energy gets 49% stake in Qinghai-based lithium salt producer for 200 million yuan

Huizhou EVE Energy Co.,Ltd., a Chinese power battery maker headquartered in Huizhou city, announced earlier this week it has successfully obtained a 49% stake in Qinghai Qaidam Xinghua Lithium Salt Co.,Ltd.

Jan. 14 , 2022