Changan NEV Secures Nearly 5 Billion Yuan in Round-B Financing
Chongqing Changan New Energy Vehicle Inc. (Changan NEV) on Monday announced the completion of round-B financing totaling 4.977 billion yuan ($786.5 million).
1/25/20222 min read
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Xpeng Motors Signs Battery Supply Contract With South Korea's SK Innovation
SK Innovation has recently signed a battery supply contract with Xpeng Motors and will supply Xpeng with high grade nickel-based Lithium Ion batteries according to Chinese media outlet Autohome.
9/7/20212 min read
NIO Suspends Complete Vehicle Production Due to Outbreak
Chinese new energy vehicle firm NIO Inc. announced on April 9 that due to domestic COVID-19 outbreaks, it has suspended its production of complete vehicles.
BYD Opens Eight Stores in Japan Within Six Months
July 31st news, BYD Japan announced that its authorized dealer Wing will open the store 'BYD AUTO Yamanashi' in Kofu City, Yamanashi Prefecture on August 4th. This is also BYD's eighth store in Japan.
Chinese Regulators Announce $1.19B Fine on Didi
The Cyberspace Administration of China (CAC) on July 21 issued a series of punishments for Chinese ride-hailing platform Didi, following a digital security review.
Gaotu to Stop Compulsory Education Business by End of Year
Gaotu Techedu Inc. announced that it will end its off-campus tutoring services related to academic subjects from kindergarten through grade nine (the "K-9 Academic AST Services").
11/17/20212 min read
Ride-hailing Didi to Be Delisted from NYSE
Chinese ride-hailing giant Didi announced on Monday that it will delist from the New York Stock Exchange. Didi plans to file Form 25 with the US Securities and Exchange Commission on or after June 2.
5/23/20223 min read
Battery Firm Sunwoda Plans IPOs in London and Switzerland
Battery manufacturer Sunwoda released an announcement on Tuesday saying that the company plans to issue global depository receipts (GDRs) and apply for IPOs on the Swiss Stock Exchange and the London Stock Exchange.
6/29/20222 min read
DiDi’s English Version for Expats Serves 2 Million Users in China
China’s ride-hailing behemoth Didi Chuxing announced on September 24 that its English language interface in China, DiDi English, has served more than 2 million users across 430 cities in China since its launch in 2017.
9/24/20192 min read
ByteDance Starts Internal Testing of "Douyin Auction" to Increase Investment in E-Commerce Business
ByteDance's Douyin platform, the Chinese domestic version of TikTok, has recently tested a new auction function in its e-commerce business. It is reported that only merchants with legal auction qualifications can carry out this function.
8/16/20212 min read
OPPO Reno 3 Pro 5G to Become Thinnest Dual-Mode 5G Phone
Chinese smartphone brand OPPO has teased images of its upcoming Reno 3 5G, which is set to launch in December.
11/29/20192 min read
ByteDance's Dreamina Is Considering Integrating DeepSeek
ByteDance's AI video generation product "Dreamina" is considering integrating DeepSeek, and the new head of the mobile side, Cao Dapeng, has taken office.
2/26/20256 min read