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Evergrande Auto, the NEV arm of Chinese real estate giant China Evergrande Group, announced on Jan. 24, it agreed with six investors to allot and issue a total of 952,383,000 shares, raising an aggregate of HK$26 billion ($3.354 billion).
Jan. 25 , 2021
Affected by the impact of coronavirus outbreak in the first quarter, five major publicly-traded Chinese automobile groups suffered decrease in annual sales.
Jan. 23 , 2021
Zhixin Semiconductor Co.,Ltd., a chipset manufacturer backed by Dongfeng Motor Group, is expected to start running its power chip module assembly line with an annual capacity of 300,000 sets in April 2021.
Jan. 22 , 2021
Weiming Soh, a veteran executive serving for Volkswagen Group for 16 years, will resign from the German auto giant, according to a statement from Mobility Asia, a wholly-owned subsidiary of Volkswagen Group.
Jan. 21 , 2021
EV startup Sitech and Sinotruck, a state-owned truck manufacturer formed a strategic partnership on Jan. 20 to team up on the R&D and manufacture of products, supply chain management and sales channels, according to a press release.
Jan. 21 , 2021
The organizational structure of Baidu’s Internet of Vehicles (IoV) division was adjusted on Jan. 19 with five business branches, three platform branches and three business supporting centers launched at the same time.
Jan. 21 , 2021