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Autonomous driving tech firm Nullmax nabs around 780 million yuan in Series B funding
Autonomous driving tech firm Nullmax nabs around 780 million yuan in Series B funding

On October 12, autonomous driving technology firm Nullmax announced the successful completion of its Series B financing, amassing a total of around 780 million yuan.

Oct. 12 , 2023
First AVATR 12 electric sedan's mass-produced units roll off production line
First AVATR 12 electric sedan's mass-produced units roll off production line

On October 11, AVATR, the premium new energy vehicle brand jointly backed by Changan Automobile, Huawei, and CATL, celebrated the first mass-produced AVATR 12 vehicles rolling off the production line.

Oct. 12 , 2023
Changan Automobile plans to set up new energy vehicle-dedicated fund
Changan Automobile plans to set up new energy vehicle-dedicated fund

Chongqing Changan Automobile Co., Ltd. ("Changan Automobile"), one of China's legacy automakers, unveiled on October 9 its plans to venture deeper into the new energy vehicle (NEV) sector with a dedicated investment fund.

Oct. 12 , 2023
JAC Group posts 21.59% YoY jump in September sales
JAC Group posts 21.59% YoY jump in September sales

Chinese automaker JAC Group revealed that in September, the company achieved remarkable sales figures, with a total of 57,969 vehicles sold, marking a year-on-year growth of 21.59%.

Oct. 11 , 2023
China’s locally-made passenger vehicle retail sales in Sept. climb 5% both YoY, MoM
China’s locally-made passenger vehicle retail sales in Sept. climb 5% both YoY, MoM

In Sept. 2023, China's passenger vehicle (PV) market recorded a retail sales volume of 2.018 million units, marking a 5% increase from both the previous year and the previous month, according to the CPCA.

Oct. 11 , 2023
Haval puts Menglong PHEV onto market
Haval puts Menglong PHEV onto market

On October 10, the Haval Menglong, a fire new plug-in hybrid electric SUV under Great Wall Motor's Haval brand, officially hit the market, introducing three different trim levels with prices ranging from 165,800 yuan to 183,800 yuan.

Oct. 11 , 2023