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China’s BASiC Semiconductor closes C3 funding round
China’s BASiC Semiconductor closes C3 funding round

Chinese semiconductor supplier Shenzhen BASiC Semiconductor LTD. (“BASiC” or “BASiC Semiconductor”) announced on July 1 it has closed its C3 round of financing, which was led by Technology Financial Group and Truesino Fund.

Jul. 1 , 2022
XPeng reports highest monthly, quarterly, H1 deliveries among Chinese auto startups
XPeng reports highest monthly, quarterly, H1 deliveries among Chinese auto startups

In the second quarter of 2022, China’s electric vehicle startup XPeng delivered the most vehicles among all domestic auto startups for the fourth consecutive quarter.

Jul. 1 , 2022
NIO scores 60.3% YoY surge in June 2022 deliveries
NIO scores 60.3% YoY surge in June 2022 deliveries

NIO delivered 12,961 vehicles in June 2022, posting a year-on-year surge of 60.3%, the company announced today.

Jul. 1 , 2022
Zhou Song appointed new Valeo China President
Zhou Song appointed new Valeo China President

Effective from July 1, 2022, Zhou Song has been appointed as Valeo China President and will directly report to Christophe Périllat, Chief Executive Officer of Valeo, the French automotive supplier announced today.

Jul. 1 , 2022
Baidu permitted to charge fares for Robotaxi in Wuhan
Baidu permitted to charge fares for Robotaxi in Wuhan

Baidu Apollo’s Robotaxi platform Apollo Go started commercial pilot operation in Wuhan, providing paid autonomous mobility service to the public.

Jul. 1 , 2022