Articles Tagged with "AI"

NIO said to close  over $1 billion financing round
NIO said to close over $1 billion financing round

On Nov. 8, NIO reportedly had finished a new round of financing for over 1 billion. With Tencent as a lead investor, this new round of financing also boasts a variety of co-investors, including Baillie Gifford,Lone Pine, CITIC Capital, China AMC, etc

Nov. 9 , 2017
Baidu, Tencent compete to be lead investor of WM Motor
Baidu, Tencent compete to be lead investor of WM Motor

WM Motor is plannning a financing round for 1billion yuan. This round of financing is led by Baidu and Tencent is striving to be another leading investor.

Nov. 8 , 2017
Tencent releases connected vehicle ecosystem AI in Car
Tencent releases connected vehicle ecosystem AI in Car

Tencent officially released its connected vehicle ecosystem named AI in Car and announced the first OEM partners of this ecosystem.

Nov. 8 , 2017
How will mainstream auto companies compete in new JV era?
How will mainstream auto companies compete in new JV era?

The phasing out of subsidies and dual-credit policies force NEV companies to make out clear strategies. Domestic self-owned auto brands are actively involved in the market.

Nov. 2 , 2017
Changan plans to gain CATL’s equity indirectly by acquisition
Changan plans to gain CATL’s equity indirectly by acquisition

On Oct. 31, Changan Automobile announced that it plans to invest CATL by purchasing the fund shares of Zhenjiang Demao Hairun Equity Investment Fund Partnership.

Nov. 1 , 2017
Most JVs fail to complete sales target during previous three quarters
Most JVs fail to complete sales target during previous three quarters

By the end of the third quarter in September, only a few JV carmakers had completed their 75% sales targets, and more than a half of JV car companies failed to achieve their targets.

Nov. 1 , 2017