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Cummins and Chongqing Machinery & Electric Co., Ltd. (“CQME”), a Chinese CV component supplier, together announced on May 17 the continuation of their joint-venture partnership, according to a post on Cummins’ WeChat account.
May 18 , 2022On May 18th, Beijing-based autonomous driving developer PhiGent Robotics announced the completion of its A financing round, raising $30 million in total.
May 18 , 2022DENZA, a premium auto brand majority-owned by BYD, received orders totaling 5,679 units of the D9 only 24 hours after presale of the fire new MPV model kicked off on May 16.
May 18 , 2022GCL-ET on May 16 signed an agreement with Sichuan Tongsheng Industrial Investment Co., Ltd. (“Tongsheng”) to jointly boost the digital economy and auto electrification development for Sichuan province.
May 17 , 2022SAIC-GM-Wuling (“SGMW”), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, announced on May 17 it has accumulated over 700,000-unit retail sales of the Hongguang MINI EV electric car.
May 17 , 2022Uxin Limited on May 16 entered into a binding term sheet with affiliates of two existing shareholders, NIO Capital and Joy Capital (collectively, the “Investors”) for new financing business.
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