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Chinese automakers announce 2023 annual sales targets
Chinese automakers announce 2023 annual sales targets

Many Chinese automotive groups managed to outpace China’s overall industry in 2022 sales.

Feb. 9 , 2023
Chinese steering system supplier DECO nabs nearly 100 million yuan in Series B financing
Chinese steering system supplier DECO nabs nearly 100 million yuan in Series B financing

DECO Automotive Co., Ltd. (“DECO”), a Chinese provider of intelligent driving steering systems, on Feb. 7 announced the completion of the B+ round financing, which raised for the company nearly 100 million yuan.

Feb. 8 , 2023
RoboSense becomes first Chinese LiDAR maker in Toyota’s supply chain system
RoboSense becomes first Chinese LiDAR maker in Toyota’s supply chain system

China’s LiDAR solution provider RoboSense on February 6 announced its partnership with Toyota Motor on large-scale production with nominated orders for multiple Toyota vehicle models.

Feb. 7 , 2023
Chinese LiDAR developer Hesai Technology turns in IPO prospectus in US
Chinese LiDAR developer Hesai Technology turns in IPO prospectus in US

Chinese LiDAR developer Hesai Technology officially submitted its IPO prospectus to the SEC on January 17, in an effort to be listed on the Nasdaq.

Jan. 18 , 2023
Car and City: Hangzhou registers most ZEEKR 001s in 2022 among Chinese cities
Car and City: Hangzhou registers most ZEEKR 001s in 2022 among Chinese cities

ZEEKR, the premium electric vehicle (EV) brand of Geely Holding, saw the monthly registrations of its first production model, the ZEEKR 001, hit an all-time high of 11,418 units in Dec. 2022.

Jan. 18 , 2023
Chinese auto chip designer Grecon Semi nabs 100 million yuan in Series A+ financing
Chinese auto chip designer Grecon Semi nabs 100 million yuan in Series A+ financing

Grecon Semi, a Chinese auto chip designer and seller, announced on Tuesday via its WeChat account that it completed the Series A+ financing at the end of 2022, which bagged for the company over 100 million yuan ($14.767 million).

Jan. 17 , 2023