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Holomatic nabs hundreds of millions yuan from GAC Group, cooperated models coming in 2022
Holomatic nabs hundreds of millions yuan from GAC Group, cooperated models coming in 2022

China’s autonomous driving company, Holomatic, has recently received hundreds of millions of yuan from GAC Capital as an exclusive strategic investment.

Mar. 7 , 2022
Pony.ai completes D round, valuation reaches $8.5 billion
Pony.ai completes D round, valuation reaches $8.5 billion

On March 7th, China’s autonomous driving developer, Pony.ai announced the completion of its Series D financing round, raising its total valuation to $8.5 billion.

Mar. 7 , 2022
SAIC Motor’s chairman makes proposals about carbon neutrality, ICV, supply chain for two sessions
SAIC Motor’s chairman makes proposals about carbon neutrality, ICV, supply chain for two sessions

Chen Hong submitted several proposals for this year’s two sessions, which are related to the strategic aim of achieving carbon neutrality, the ICV development, and the improvement of supply chain.

Mar. 7 , 2022
Xiaomi’s chairman Lei Jun makes proposals about NEV business for two sessions
Xiaomi’s chairman Lei Jun makes proposals about NEV business for two sessions

On March 4, Lei Jun, deputy of the National People's Congress and chairman of Chinese tech giant Xiaomi, released four proposals via his personal WeChat account for this year's two sessions, two of which are related to the NEV sector.

Mar. 4 , 2022
NIO, Aluminum Corporation of China to team up on automotive aluminum R&D, supply
NIO, Aluminum Corporation of China to team up on automotive aluminum R&D, supply

Chinese EV startup NIO and state-owned aluminum producer Aluminum Corporation of China (“CHINALCO”) signed an agreement on March 3 to form a strategic partnership, according to a post on CHINALCO's WeChat account.

Mar. 4 , 2022
SAIC Motor boasts 30.63% YoY leap in Feb. 2022 wholesales
SAIC Motor boasts 30.63% YoY leap in Feb. 2022 wholesales

SAIC Motor announced today its monthly vehicle wholesale volume jumped 30.63% from a year earlier to around 321,966 units in February 2022.

Mar. 3 , 2022