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NIO, Tencent team up on smart mobility businesses
NIO, Tencent team up on smart mobility businesses

Tencent signed an agreement with the NEV maker NIO on Nov. 28 to carry out strategic cooperation on intelligent driving map, autonomous driving cloud, digital ecosystem community, and other areas related to smart mobility.

Nov. 29 , 2022
Cambricon Singo, CalmCar ally on advanced intelligent driving solution
Cambricon Singo, CalmCar ally on advanced intelligent driving solution

China’s automotive chip supplier Cambricon Singo and intelligent driving system developer CalmCar on November 28 inked an agreement for the strategic cooperation in the intelligent cruise control (ICC) field.

Nov. 29 , 2022
China’s Jan.-Oct. deliveries of imported passenger vehicles dip 19.2% YoY
China’s Jan.-Oct. deliveries of imported passenger vehicles dip 19.2% YoY

For the first ten months of 2022, there were 643,634 imported passenger vehicles (PVs) delivered across China, representing a 19.2% decrease year-over-year, according to Sinomach Automobile Co., Ltd., China's largest dealer of imported vehicles.

Nov. 29 , 2022
China’s intelligent driving solution provider Freetech nabs roughly $100 mln in Series B round
China’s intelligent driving solution provider Freetech nabs roughly $100 mln in Series B round

On November 28, China’s intelligent driving solution provider Freetech announced the completion of its Series B funding round, which raised for the company nearly $100 million.

Nov. 28 , 2022
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