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China’s Hainan Province releases first license for ICV open road testing
China’s Hainan Province releases first license for ICV open road testing

South China’s Hainan Province issued on Aug. 25 its first license that allows self-driving vehicles to be tested on public roads, according to Hainan Tropical Automobile Test Co.,Ltd.

Aug. 26 , 2021
SAIC Motor boosts H1 net profit by 58.61% YoY
SAIC Motor boosts H1 net profit by 58.61% YoY

SAIC Motor's net profit attributable to shareholders amounted to 13.314 billion yuan ($2.056 billion) in the first half of 2021, surging 58.61% from a year ago.

Aug. 26 , 2021
BYD Semiconductor sets up Jinan-based subsidiary after IPO plan halted
BYD Semiconductor sets up Jinan-based subsidiary after IPO plan halted

Jinan BYD Semiconductor Co.,Ltd., whose majority shareholder is BYD Semiconductor Co.,Ltd., was set up on August 24, according to the business data provider Tianyancha.

Aug. 26 , 2021
Gasgoo Daily: Xiaomi buys autonomous driving startup DeepMotion
Gasgoo Daily: Xiaomi buys autonomous driving startup DeepMotion

Huawei sets up a new digital energy technology company in Xi’an with a registered capital of RMB20 million. It has registered 3 new firms within 3 months.

Aug. 25 , 2021
SGMW’s new Baojun KiWi EV to hit market on Aug. 31
SGMW’s new Baojun KiWi EV to hit market on Aug. 31

SGMW said on Wednesday the KiWi EV, a new Baojun-branded mini-sized all-electric car, will hit the market on August 31. Presale prices of its two variants stand at 69,800 yuan and 78,800 yuan respectively.

Aug. 25 , 2021
Xiaomi invests in smart parking solution provider AIPark
Xiaomi invests in smart parking solution provider AIPark

Xiaomi Group recently made a strategic investment in AIPark, a Beijing-based smart parking management solution provider, according to an announcement AIPark posted on Aug. 23 via its WeChat account.

Aug. 25 , 2021