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Greater Bay Technology bags 3 billion yuan of funds from multiple banks
Greater Bay Technology bags 3 billion yuan of funds from multiple banks

Greater Bay Technology (“GBT”), a supercharging technology developer incubated by GAC Group, raised nearly 3 billion yuan by signing an agreement with a slew of banks on Mar. 28, according to GBT’s press release.

Mar. 29 , 2023
BYD scores 96.2% YoY spike in 2022 annual revenue
BYD scores 96.2% YoY spike in 2022 annual revenue

BYD Company Limited announced this week its annual revenue reached around 424.061 billion yuan in the year of 2022, surging 96.2% from the previous year.

Mar. 29 , 2023
DiDi kicks off autonomous driving taxi service in Guangzhou
DiDi kicks off autonomous driving taxi service in Guangzhou

Didi Chuxing (DiDi) announced via its WeChat account that its autonomous driving taxis (Robotaxis) became available for ride-hailing in Guangzhou city, Guangdong Province from March 27.

Mar. 29 , 2023
GAC Group discontinues joint development with Huawei on AH8 project
GAC Group discontinues joint development with Huawei on AH8 project

On Mar. 27, GAC Group announced that its board of directors has approved the proposal that allows its subsidiary, GAC AION, to independently develop the “AH8” project, rather than the joint development with Huawei agreed previously.

Mar. 28 , 2023
BYD debuts Ocean Series models in Costa Rica
BYD debuts Ocean Series models in Costa Rica

BYD and its Costa Rican distributor Cori Motors recently introduced two models from BYD’s Ocean Series, namely, the BYD Dolphin and the BYD Seal, along with four other models at the EXPOMOVIL 2023 in Costa Rica.

Mar. 28 , 2023
SAIC Motor’s Rising Auto puts F7 all-electric sedan onto market
SAIC Motor’s Rising Auto puts F7 all-electric sedan onto market

Rising Auto, the mid-to-high electric vehicle brand wholly-owned by SAIC motor, officially put its fire new full-sized all-electric sedan model, the Rising F7, onto the market.

Mar. 28 , 2023