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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
Beijing-Tianjin-Hebei Low Altitude Economy Alliance established with 33 new projects signed
Beijing-Tianjin-Hebei Low Altitude Economy Alliance established with 33 new projects signed

On August 17, the Beijing-Tianjin-Hebei Low Altitude Economy Industry Alliance was officially established at the Tianjin College of University of Science and Technology Beijing. During the ceremony.

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
ReachAuto signs agreement for intelligent connected vehicle development in Shenyang city
ReachAuto signs agreement for intelligent connected vehicle development in Shenyang city

The 4th Shenyang Intelligent Connected Vehicle Conference was successfully held on August 16-17, where ReachAuto announced a strategic partnership with the Shenyang government, BMW Brilliance, and Beijing Yizhuang Investment Holding Limited.

Aug. 19 , 2024