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Autonomous driving developer Momenta invests in SAIC Motor’s Xiangdao Chuxing
Autonomous driving developer Momenta invests in SAIC Motor’s Xiangdao Chuxing

SAIC Motor’s ride-hailing arm, Xiangdao Chuxing, announced the completion of its Series B financing round, raising over 1 billion yuan ($147.68 million) in total.

Aug. 15 , 2022
Baidu starts pilot operation of paid autonomous driving mobility service in Hefei
Baidu starts pilot operation of paid autonomous driving mobility service in Hefei

Baidu announced that its autonomous driving mobility service, Apollo Go, has kicked off commercial pilot operation in Hefei, the capital city of Anhui Province.

Aug. 15 , 2022
Autonomous driving developer PhiGent Robotics completes 2nd settlement of Series A
Autonomous driving developer PhiGent Robotics completes 2nd settlement of Series A

Beijing-based autonomous driving solution provider, PhiGent Robotics, announced the completion of the second settlement of its Series A financing round, which was several hundred million yuan worth.

Aug. 15 , 2022
Dongfeng Motor sets up auto design company in Shanghai
Dongfeng Motor sets up auto design company in Shanghai

Dongfeng Motor Group Co., Ltd., (DFMG) inaugurated its vehicle design subsidiary, Shanghai Lingyi Auto Design, whose predecessor was the Dongfeng Innovation Design Center (Shanghai), founded in November 2018.

Aug. 15 , 2022
HOZON Auto obtains 6 billion yuan worth of credit line from Huaxia Bank’s Shanghai branch
HOZON Auto obtains 6 billion yuan worth of credit line from Huaxia Bank’s Shanghai branch

HOZON Auto signed an agreement a few days ago with Huaxia Bank's Shanghai branch to conduct all-around strategic cooperation in such fields as conventional financing, supply chain finance, etc.

Aug. 15 , 2022
Gasgoo Daily: China’s automobile parc reaches 312 million units
Gasgoo Daily: China’s automobile parc reaches 312 million units

With Gasgoo Daily, we will offer daily important automotive news in China.

Aug. 12 , 2022