
China VC Weekly: EVs, Food and China Renaissance’s New Fund
China Renaissance’s Huaxing Growth Capital raises new $600 million fund
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China Renaissance’s Huaxing Growth Capital raises new $600 million fund
On July 5, Chinese new energy vehicle company BYD announced its cooperation with Louwman, a European auto dealer group, to jointly provide new energy vehicles (NEVs) for the Dutch market.
Chinese electric vehicle startup Hozon Auto may launch its IPO on the Hong Kong Exchange stock in the third and fourth quarters of 2022.
Some versions of BYD's new model "Leopard 8" will be equipped with Huawei's intelligent driving solution.
On October 6th local time, BYD unveiled the pure electric sedan, BYD Seal, in Santiago, Chile. It has been one of this year's most anticipated models launched by ASTARA Group, a BYD distributor in Chile.
China's State Administration for Market Regulation announced on December 16 that Mercedes-Benz (China) Automobile Sales and Beijing Benz Automobile have initiated a recall involving a total of 76,357 vehicles.
It is reported that Xiaomi's first car will be launched in both battery electric and extended-range versions, with the battery electric version available in high-end and entry-level configurations.
Oliver Zipse, Chairman of the Board of Management of German automaker BMW Group, recently said that the company will continue to unswervingly take root in China and establish a stable win-win relationship with Chinese partners.
Caocao Mobility, which has received key investment from Chinese automaker Geely, reached a strategic cooperation with Ruilan Auto. In addition, Caocao Mobility’s total number of users has now exceeded 120 million.
On July 11th, Changan Automobile and Tencent signed a strategic cooperation agreement in Chongqing, China. Building upon their previous collaboration, the two parties will strengthen cooperation in multiple areas such as intelligent cockpit, navigation and maps, autonomous driving, overseas ecosystem, and corporate digital transformation.
Wang Jun, Chief Operating Officer of Huawei's Smart Car Solution BU, on Tuesday said that the firm's Smart Car Solution Innovation Center has now been finished and put into use.
German auto company BMW Group said that the Oxford factory will suspend the production of electric vehicles, but will not stop the production of MINI models.