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BYD likely to build self-owned SiC production line next year
BYD likely to build self-owned SiC production line next year

BYD is expected to launch a self-built SiC (Silicon Carbide) production line next year and the planning is underway, according to a local media outlet, quoting Yang Qinyang, director of BYD’s semiconductor product business.

Dec. 24 , 2020
BAIC Group’s registered capital grows 16.49%
BAIC Group’s registered capital grows 16.49%

BAIC Group’s registered capital was up by 16.49% to 19.957 billion yuan ($3.05 billion), effective Dec. 23, 2020, according to the corporate data platform Tianyancha.

Dec. 24 , 2020
Dongfeng Motor’s four business branches unveil development target for 2021
Dongfeng Motor’s four business branches unveil development target for 2021

Four branches under Dongfeng Motor Corporation, namely Dongfeng Fengshen, Dongfeng Trucks, Dongfeng’s light truck business and Dongfeng Liuzhou Motor’s Chenglong, recently announced their near-term development goal.

Dec. 24 , 2020
Xpeng Motors founds Shenzhen-based subsidiary for R&D, sales of smart robots
Xpeng Motors founds Shenzhen-based subsidiary for R&D, sales of smart robots

Chinese EV startup Xpeng Motors recently set up a subsidiary in Shenzhen that primarily engages in the R&D and sale of intelligent robots.

Dec. 23 , 2020
WeRide raises $200 million from Yutong Group in Series B1 funding
WeRide raises $200 million from Yutong Group in Series B1 funding

WeRide, a Guangzhou-based autonomous driving startup, announced on Dec. 23 it has closed its Series B1 financing, which raised $200 million from Chinese CV manufacturer Yutong Group.

Dec. 23 , 2020
Baidu Apollo given green light to carry out road test of autonomous cars in Nanjing
Baidu Apollo given green light to carry out road test of autonomous cars in Nanjing

Baidu Apollo received five Level 4 autonomous driving testing licenses from Nanjing municipal government on Dec. 21, the first batch ever issued by the city.

Dec. 22 , 2020