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Hesai Technology secures exclusive long-term deal from leading European automaker
Hesai Technology secures exclusive long-term deal from leading European automaker

LiDAR maker Hesai Technology announced on March 12 that it has secured a milestone multi-year exclusive supply agreement with a leading European automaker.

Mar. 12 , 2025
ECARX sees 18% YoY growth in 2024 annual revenue
ECARX sees 18% YoY growth in 2024 annual revenue

Mobility tech company ECARX released its financial results for the fourth quarter (Q4) and full year of 2024, reporting steady growth in revenue and profitability.

Mar. 12 , 2025
China's auto production, sales both surge over 30% YoY in Feb. 2025, despite slight MoM dip
China's auto production, sales both surge over 30% YoY in Feb. 2025, despite slight MoM dip

In February 2025, there were 2.103 million vehicles produced in China, representing a 14.1% month-on-month decline but a 39.6% year-on-year surge.

Mar. 11 , 2025
BASF, NIO sign LoI for strategic partnership in automotive coatings field
BASF, NIO sign LoI for strategic partnership in automotive coatings field

The agreement provides a framework for ongoing discussions between the two companies, facilitating annual strategic dialogues to refine the implementation of their partnership.

Mar. 11 , 2025
Autoliv to build second China-based R&D center in Wuhan city
Autoliv to build second China-based R&D center in Wuhan city

On March 7, 2025, Autoliv officially signed an agreement with the Dongxihu District government in Wuhan, Hubei Province, to establish its second R&D center in China, according to a post on Autoliv's WeChat account.

Mar. 11 , 2025
UAM tech company EHang completes maiden eVTOL flight in Mexico
UAM tech company EHang completes maiden eVTOL flight in Mexico

On March 10, leading urban air mobility (UAM) technology company EHang announced that its EH216-S unmanned electric vertical take-off and landing (eVTOL) aircraft successfully completed its first flight in Mexico.

Mar. 11 , 2025