Articles Tagged with "AI"

BAIC Motor’s subsidiary to subscribe for 6.25% A shares newly issued by BAIC BluePark
BAIC Motor’s subsidiary to subscribe for 6.25% A shares newly issued by BAIC BluePark

BAIC Guangzhou agreed on August 3 to subscribe for not less than 6.25% of the total new A shares to be issued by BAIC BluePark, an A-share listed subsidiary of BAIC Group (a controlling shareholder of BAIC Motor).

Aug. 6 , 2020
BAIC BluePark intends to raise up to 5.5 billion yuan for development of ARCFOX premium models
BAIC BluePark intends to raise up to 5.5 billion yuan for development of ARCFOX premium models

BAIC BluePark intends to raise not more than 5.5 billion yuan ($787,841,450) through a non-public issuance of stocks, some of which are set to be poured in the development of ARCFOX-branded premium vehicle models and relevant network construction.

Aug. 5 , 2020
SAIC Maxus boasts two-digit growth in both July domestic and foreign market sales
SAIC Maxus boasts two-digit growth in both July domestic and foreign market sales

SAIC Maxus Automotive Co., Ltd., an exclusively-invested subsidiary of SAIC Motor, said it sold a total of 11,511 new vehicles in July, which jumped 26.4% from a year earlier.

Aug. 5 , 2020
CATL taps intelligent manufacturing business by setting up joint venture with AIMS
CATL taps intelligent manufacturing business by setting up joint venture with AIMS

Chinese battery giant has teamed up with Advanced Intelligent Maintenance Systems (AIMS), a Hangzhou-based technology company, on building a joint venture that focuses on intelligent manufacturing businesses.

Jul. 30 , 2020
Hongqi unveils E-HS9 BEV, aims to launch 3 to 5 new models per year
Hongqi unveils E-HS9 BEV, aims to launch 3 to 5 new models per year

FAW Hongqi’s all-new large-sized all-electric SUV, the Hongqi E-HS9, made its world’s debut on July 28 with its presale kicking off at the same time.

Jul. 30 , 2020
BAIC Group, State Grid EV step up cooperation in battery swapping, charging businesses
BAIC Group, State Grid EV step up cooperation in battery swapping, charging businesses

BAIC Group and State Grid Electric Vehicle Service Co., Ltd. (called “State Grid EV” for short) signed a framework agreement on July 27 to cement their strategic cooperation in order to promote the development of NEV industry.

Jul. 28 , 2020