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NIO Capital raises over 3 billion yuan in 2nd RMB fund
NIO Capital raises over 3 billion yuan in 2nd RMB fund

NIO Capital announced on Feb. 5 it has already achieved the successful closure of its second RMB fund, securing more than CNY 3 billion.

Feb. 6 , 2024
Honda Motor sees China retail sales soar 57.3% YoY in Jan. 2024
Honda Motor sees China retail sales soar 57.3% YoY in Jan. 2024

Honda Motor reported this week a retail sales volume of 100,960 vehicles for its China market for the month of Jan. 2024, which surged 57.3% year on year, but plunged 39.1% month on month.

Feb. 6 , 2024
FAW Group boasts 54.2% YoY surge in Jan. auto sales
FAW Group boasts 54.2% YoY surge in Jan. auto sales

In the first month of 2024, Chinese automaker FAW Group witnessed all-around growth in sales across its entire sub-brand lineup compared to a year ago.

Feb. 6 , 2024
Pony.ai's 6th-gen Robotaxi cleared for unmanned passenger-carrying trial in Beijing
Pony.ai's 6th-gen Robotaxi cleared for unmanned passenger-carrying trial in Beijing

On January 2, the Toyota Sienna-based Robotaxi, equipped with Pony.ai's sixth-generation L4 autonomous driving software and hardware, has been granted permission to conduct unmanned passenger-carrying demonstration in Beijing with remote monitoring.

Feb. 5 , 2024
Yueda Kia scores 86% YoY surge in Jan. 2024 auto sales
Yueda Kia scores 86% YoY surge in Jan. 2024 auto sales

In January 2024, Yueda Kia, the joint venture between Kia Corporation and China's Yueda Automobile Group, sold 16,323 vehicles in the domestic and overseas markets, representing a remarkable year-on-year surge of 86%.

Feb. 5 , 2024
XPENG to develop global XNGP intelligent assisted driving system in 2025
XPENG to develop global XNGP intelligent assisted driving system in 2025

Chinese electric vehicle manufacturer XPENG announced during the XPENG X9 launch event that its XNGP intelligent assisted driving system's urban smart driving capabilities will now extend to cover a total of 243 cities in China.

Feb. 5 , 2024