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On December 1st, Zowee Technology issued an announcement stating that its actual controller Xia Chuanwu was arrested for suspected insider trading and market manipulation.
On December 4, Warburg Pincus officially announced that Wei Zhen will step down as the President of Warburg Pincus China. Fang Min and Zhou Lang will assume the roles of Co-Presidents of Private Equity Investments in China for Warburg Pincus.
On December 4th, Li Auto and Qingdao Yuzhe Automobile Engineering Technology Co., Ltd. responded on Weibo to a recent online rumor about uncivilized driving behavior during a test drive.
Honda recently announced that it will lay off about 900 contract workers at its Chinese joint venture, GAC Honda Automobile Co., due to a shift towards the electric vehicle market.
On December 3rd, Tencent Music Entertainment Group announced that MOO Music, a subsidiary of the group, will officially cease its services on December 31st, 2023.
A group of NEV companies have successively announced their delivery performance in November. XPeng, Li Auto, AITO, Zeekr, Voyan and other NEV companies achieved a record high in deliveries for November.
Chinese EV maker, Li Auto, is planning to expand its operations overseas next year, targeting initial markets in the Middle East and possible North African countries, according to multiple sources.
On November 30th, Sunyard released a clarification announcement stating that Demi Guo, one of the founders of Pika, is the daughter of Sunyard’s actual controller Guo Huaqiang. Apart from this relationship, there are no other connections between Sunyard and Pika.
Recently, Grace Tao, Vice President of Tesla Global, emphasized the importance of the Chinese supply chain for Tesla's development in an interview with the media.
