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SAIC Motor sees quarterly revenue, net profit, car sales rise consecutively in Q1-Q3 period
SAIC Motor sees quarterly revenue, net profit, car sales rise consecutively in Q1-Q3 period

SAIC Motor announced on Thursday that its gross revenue reached roughly 196.787 billion yuan in the third quarter (Q3) of this year, sliding 6.92% from the previous year.

Oct. 27 , 2023
SVOLT bags 7.5 billion yuan worth of credit line from multiple banks
SVOLT bags 7.5 billion yuan worth of credit line from multiple banks

On October 25, Chinese power battery supplier SVOLT Energy Technology Co., Ltd. (“SVOLT”) signed an agreement with a group of banks, who agreed to grant SVOLT a credit line worth 7.5 billion yuan.

Oct. 26 , 2023
NIO Capital invests in Chinese smart auto closure solution supplier INGIN Technology
NIO Capital invests in Chinese smart auto closure solution supplier INGIN Technology

INGIN Technology, a Chinese smart closure solution provider for automobiles, recently announced the successful completion of its Series C+ financing round, which raised for the company nearly 100 million yuan.

Oct. 26 , 2023
Suzhou city launches China's first holographic-sensing highway supporting Level 4 autonomous driving
Suzhou city launches China's first holographic-sensing highway supporting Level 4 autonomous driving

On October 24, Suzhou city inaugurated China's first full-sensory smart highway, designed to meet the requirements for level 4 autonomous driving, including vehicle-to-infrastructure communication.

Oct. 26 , 2023
Tesla starts delivering refreshed Model 3 in China
Tesla starts delivering refreshed Model 3 in China

Tesla announced on October 26 that the refreshed version of the Model 3 has officially begun deliveries in China.

Oct. 26 , 2023
AITO M9 bags over 15,000 pre-orders so far
AITO M9 bags over 15,000 pre-orders so far

AITO, the premium new energy vehicle brand jointly developed by SERES and Huawei, on October 25 announced that its latest flagship, the M9 large-size smart SUV, has already amassed over 15,000 pre-orders.

Oct. 26 , 2023