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JIDU reportedly sets up holding company in HK for foreign financing
JIDU reportedly sets up holding company in HK for foreign financing

Baidu and Geely’s joint auto brand, JIDU, has reportedly established a holding company in Hong Kong for its two Chinese mainland entities, a person close to the matter disclosed to a local media outlet.

Jul. 1 , 2022
Dongfeng Peugeot Citroen H1 sales jump 39% YoY
Dongfeng Peugeot Citroen H1 sales jump 39% YoY

In June, Dongfeng Peugeot Citroen Automobile (DPCA) achieved impressive momentum in its monthly sales, maintaining a positive growth for 19 consecutive months.

Jul. 1 , 2022
Geometry E hits market, starting at 86,800 yuan
Geometry E hits market, starting at 86,800 yuan

Geometry, a BEV brand of Geely Auto, saw the Geometry E hit the market on June 30.

Jul. 1 , 2022
BMW to buy NavInfo’s TSP, ConnectedDrive Store service for five years
BMW to buy NavInfo’s TSP, ConnectedDrive Store service for five years

China’s navigation giant NavInfo announced on June 30th that it had inked a framework agreement with BMW China and BMW Brilliance (collectively referred as BMW) regarding Telematics Service Provider (TSP) and ConnectedDrive Store.

Jun. 30 , 2022
GAC Group-backed chip supplier CanSemi bags RMB4.5 billion
GAC Group-backed chip supplier CanSemi bags RMB4.5 billion

Guangzhou CanSemi Technology (CanSemi), a semiconductor supplier backed by GAC Group, officially completed its latest financing round, raising RMB4.5 billion ($671.87 million).

Jun. 30 , 2022
Gasgoo Awards 2022 applicant: Full Stack Fusion Computing Solution from JueFX Technology
Gasgoo Awards 2022 applicant: Full Stack Fusion Computing Solution from JueFX Technology

For the Gasgoo Awards 2022, Full Stack Fusion Computing Solution from JueFX has applied for the Top 100 Players of China's New Automotive Supply Chain.

Jun. 30 , 2022