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Zongmu Tech raises RMB1 billion in Series E, to build industrial park in Zhejiang
Zongmu Tech raises RMB1 billion in Series E, to build industrial park in Zhejiang

China’s autonomous driving startup Zongmu Tech announced the completion of its Series E investment round on March 28th, raising over RMB1 billion ($157.09 million).

Mar. 28 , 2022
SAIC Motor, Tsingshan Group team up on power battery project in Liuzhou
SAIC Motor, Tsingshan Group team up on power battery project in Liuzhou

Liuzhou Saike Technology Development Co., Ltd. and Ruipu Energy Co., Ltd. on March 24 signed cooperation and investment agreements with local authorities of Liudong New District, Liuzhou to build a power battery and battery system industrial base

Mar. 25 , 2022
Li Auto cooperates with HONOR for smartphone-controlled onboard functions
Li Auto cooperates with HONOR for smartphone-controlled onboard functions

China’s up-rising auto startup Li Auto has formed a cooperation with local cellphone maker, HONOR, on March 25th.

Mar. 25 , 2022
Dozen automakers raise new energy vehicle prices in China
Dozen automakers raise new energy vehicle prices in China

From the first day of 2022, China’s new energy vehicle (NEV) industry has been restless. With the continuing raw material price hike and the graduate withdrawal of government subsidies, the price of NEVs in China has never been so high.

Mar. 25 , 2022
JAC Group scores 40% jump in net profit in 2021
JAC Group scores 40% jump in net profit in 2021

In 2021, local automaker JAC Group managed a 40% jump in net profit, compared to the previous year, according to its 2021 annual financial report released on March 25th.

Mar. 25 , 2022
Gasgoo Daily: CATL’s first zero-emission battery factory settles in Sichuan
Gasgoo Daily: CATL’s first zero-emission battery factory settles in Sichuan

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Mar. 24 , 2022