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China’s SiC semiconductor supplier InventChip closes Series B financing round
China’s SiC semiconductor supplier InventChip closes Series B financing round

On February 28, China’s silicon carbide (SiC) semiconductors supplier InventChip announced the completion of its Series B financing worth hundreds of millions of yuan.

Mar. 1 , 2023
Geely-backed VREMT team up with Alibaba for overseas business development
Geely-backed VREMT team up with Alibaba for overseas business development

On Feb. 28, VREMT, a subsidiary of Geely Holding, signed an agreement with Alibaba.com, a cross-border e-commerce platform of Alibaba Group, to conduct strategic cooperation on some “going global” projects.

Mar. 1 , 2023
China's vehicle inventory alert index in Feb. 2023 rises YoY, but dips MoM
China's vehicle inventory alert index in Feb. 2023 rises YoY, but dips MoM

China's vehicle inventory alert index (VIA), which reflects the inventory pressure on automobile dealers, dropped 3.7 percentage points month on month in Feb. 2023, according to the China Automobile Dealers Association (CADA).

Mar. 1 , 2023
Chery Automobile introduces ‘Mars Architecture’ super hybrid platform
Chery Automobile introduces ‘Mars Architecture’ super hybrid platform

On February 27, Chery Automobile launched the Mars Architecture - Super Hybrid Platform, and the Tiggo 9 SUV, which rides on the platform, at an event in Beijing.

Feb. 28 , 2023
Car and City: Shenzhen tops other Chinese cities by Model 3, Model Y registrations in Jan. 2023
Car and City: Shenzhen tops other Chinese cities by Model 3, Model Y registrations in Jan. 2023

In the first month of 2023, there were 27,207 China-made Tesla-branded vehicles registered across the Chinese mainland, representing a 34.7% decrease compared to the previous month, according to the data compiled by GARI.

Feb. 28 , 2023
China’s LiDAR firm Leantool closes Series A financing
China’s LiDAR firm Leantool closes Series A financing

Wuhan Leantool Sensor Technology Co., Ltd. (“Leantool”), a Chinese LiDAR developer, recently closed its Series A financing with tens of millions of yuan raised, according to a press release.

Feb. 28 , 2023