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NASN Automotive Electronics (NASN), a manufacturer of chassis electronic control components, completed a C round of financing worth 500 million yuan ($78.47 million).
In response to the recent news regarding "Baidu wholly owns JiDU, while Geely withdraws" on Thursday, Baidu said it was a normal adjustment based on the business development of the company.
Honda's China division announced on September 7 that it had signed a memorandum of strategic cooperation with Chinese battery giant CATL. Honda also will jointly establish a new venture in China at the end of September.
The European Commission has approved a joint venture between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automotive Ltd., aiming to develop public charging infrastructure for electric vehicles in China.
At a press conference on November 16, Wang Chuanfu, Chairman and President of Chinese EV firm BYD, said that in addition to its new high-end vehicle brand Yangwang, the company will also launch a professional and personalized brand in 2023, which will be built and created together with BYD customers.
Lei Jun has previously dismissed rumors of low pricing, asserting that Xiaomi's car is designed to rival traditional fuel vehicles in the luxury bracket, with prices reaching up to two to three million yuan.
On July 3rd, the new BYD Denza's SUV model, DiSus N7, officially launched tonight, while BYD globally debuted its "Advanced Intelligent Driving Assistance System" with the design concept of "God's Eye," realizing comprehensive vehicle companionship, assistance, and rescue in all scenarios.
On March 19, He Xiaopeng announced during Xpeng' earnings call that the company will significantly accelerate the expansion of its overseas business in 2024.
Richard Yu, CEO of Huawei's Consumer BG, released the AITO M5 EV, the first pure electric vehicle model from the AITO brand.
Some Xiaomi SU7 owners have encountered various problems shortly after picking up their cars, including suspected sudden brake failure.
"Xiaomi Auto has made more progress than expected. Recently, the winter test has been finished and we expect to mass-produce within the first half of the next year," said Lei Jun, founder, chairman and CEO of Xiaomi, at a meeting on March 5.
Haomo.AI, an autonomous driving company based in Huzhou, Zhejiang Province, has recently secured RMB300 million in its Series B2 funding round.