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Leapmotor expands presence to Lhasa with new Leapmotor Center
Leapmotor expands presence to Lhasa with new Leapmotor Center

On August 18, Chinese new energy vehicle maker Leapmotor witnessed the grand opening of its new flagship store in Lhasa, Xizang, the high-altitude region of China.

Aug. 20 , 2024
Hesai Technology posts 4.2% YoY rise in Q2 2024 revenue
Hesai Technology posts 4.2% YoY rise in Q2 2024 revenue

On August 20, Hesai Technology, a leading developer and manufacturer of LiDAR systems, announced its unaudited financial results for the second quarter of 2024, during which, the company reported revenue of 460 million yuan, marking a 4.2% YoY.

Aug. 20 , 2024
AVATR Technology acquires 10% stake in Huawei’s Yinwang for 11.5 billion yuan
AVATR Technology acquires 10% stake in Huawei’s Yinwang for 11.5 billion yuan

On August 20, Changan Automobile announced that AVATR Technology, its affiliated smart new energy vehicle company, signed a share transfer agreement with Huawei.

Aug. 20 , 2024
Ganfeng Lithium plans to build joint venture in Turkey for lithium battery project
Ganfeng Lithium plans to build joint venture in Turkey for lithium battery project

Ganfeng Lithium, a leading Chinese lithium producer, recently announced that its subsidiary, Ganfeng LiEnergy, had entered into a partnership with Turkish company YIGIT AKU to establish a joint venture in Turkey.

Aug. 19 , 2024
China’s eVTOL aircraft developer Volant closes A++++ financing round
China’s eVTOL aircraft developer Volant closes A++++ financing round

Chinese eVTOL (electric vertical take-off and landing) developer Volant announced on August 19 the successful completion of its A++++ round of financing, raising hundreds of millions of yuan, according to a post on the company's WeChat account.

Aug. 19 , 2024
FAW Audi committed to enriching product lineup in China
FAW Audi committed to enriching product lineup in China

FAW-Audi, the joint venture brand between FAW Group and Audi, recently held its 2024 mid-year performance communication meeting, announcing that its cumulative sales have surpassed 9 million vehicles in July.

Aug. 19 , 2024