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China’s DiDi bags $3 million for autonomous driving unit
China’s DiDi bags $3 million for autonomous driving unit

Chinese ride-hailing giant Didi Chuxing (DiDi) has raised $300 million for its autonomous driving arm, according to a local media outlet.

Jan. 28 , 2021
Leapmotor banks 4.3 billion yuan in series B funding
Leapmotor banks 4.3 billion yuan in series B funding

Leapmotor announced on Jan. 27 it raised a total of 4.3 billion yuan ($663.6 million) in its series B financing, exceeding the target by over 1 billion yuan ($154.326 million).

Jan. 28 , 2021
China PV wholesales in Dec. 2020: Hongguang MINIEV among top 10 PV models
China PV wholesales in Dec. 2020: Hongguang MINIEV among top 10 PV models

There were six car models and three SUV models among the top 10 domestically-made PV models by Dec. wholesales.

Jan. 27 , 2021
Lifan Technology introduces EV model from Geely Technology Group
Lifan Technology introduces EV model from Geely Technology Group

Lifan Technology (Group) Co.,Ltd., whose predecessor is Lifan Industry (Group) Co.,Ltd., was inaugurated on Jan. 25 and formally introduced from Geely Technology Group a new model available for swappable batteries.

Jan. 26 , 2021
Xpeng Motors to launch third mass-produced model in 2021
Xpeng Motors to launch third mass-produced model in 2021

Xpeng Motors plans to launch its third production model in 2021 and the vehicle is expected for delivery as early as this year’s fourth quarter, according to a media outlet, citing Brian Hongdi Gu, Vice Chairman and President of Xpeng Motors.

Jan. 26 , 2021
Great Wall Motor gains 19% YoY growth in 2020 net profit
Great Wall Motor gains 19% YoY growth in 2020 net profit

Great Wall Motor said its annual revenue hit a record high of 103.283 billion yuan in 2020, rising 7.35% compared to the previous year. Its full-year net profit attributable to shareholders jumped 19% year on year to 5.392 billion yuan.

Jan. 26 , 2021