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Hongjing Drive nabs hundreds of millions of yuan in Series B round
Hongjing Drive nabs hundreds of millions of yuan in Series B round

China’s autonomous commercial vehicle solution developer Hongjing Drive announced on Nov. 28 it has completed its Series B financing round, which raised for the company several hundred million yuan.

Nov. 28 , 2022
China’s locally-made new energy passenger vehicle registrations surge 53% YoY in Oct. 2022
China’s locally-made new energy passenger vehicle registrations surge 53% YoY in Oct. 2022

China's monthly registrations of locally-made passenger vehicles ("PVs") reached 1,606,383 units in Oct. 2022, edging down 1.75% from the previous year, while also dipping 10.98% from the previous month.

Nov. 28 , 2022
SemiDrive bags roughly 1 billion yuan in B+ financing round
SemiDrive bags roughly 1 billion yuan in B+ financing round

Chinese automotive chip supplier SemiDrive announced on November 28 that it has raised nearly 1 billion yuan ($139 million) in its B+ financing round.

Nov. 28 , 2022
Beijing aims to have 74 hydrogen refueling stations under operation by 2025
Beijing aims to have 74 hydrogen refueling stations under operation by 2025

Beijing, the capital of China, is ambitious to have 74 operational hydrogen-refueling stations by 2025, 37 stations of which are expected to be built by 2023.

Nov. 25 , 2022
Tesla recalls 80,561 Model 3, Model X, Model S vehicles in China
Tesla recalls 80,561 Model 3, Model X, Model S vehicles in China

On November 25, a recall plan was issued by China's State Administration of Market Regulation for 80,561 units of Tesla's Model 3s, Model Xs, and Model Ss in China. The recall will take effect immediately.

Nov. 25 , 2022
Great Wall Motor launches NEV-dedicated brand ‘GWM’ in Brazil
Great Wall Motor launches NEV-dedicated brand ‘GWM’ in Brazil

Chinese biggest SUV manufacturer, Great Wall Motor, held a ceremony in Brazil on Nov. 23 local time to launch the brand "GWM" in this country, indicating a milestone in the company's global promotion of its new energy vehicles.

Nov. 25 , 2022