
Autonomous Driving Firm TrunkTech Completes B Round of Financing
Autonomous driving technology and services provider TrunkTech had obtained a new round of financing led by BAIC Capital and followed by Zhengzhou Holdings and Top Capital.
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Autonomous driving technology and services provider TrunkTech had obtained a new round of financing led by BAIC Capital and followed by Zhengzhou Holdings and Top Capital.
Rumors have emerged recently on Chinese social media that Li Xiang, the founder and CEO of Beijing-based electric vehicle firm Li Auto, is planning major staff cuts during the second quarter of this year.
Yang Xudong, an officer of China's Ministry of Industry and Information Technology (MIIT), said that the government will aim to support the domestic automobile computer chip industry.
Beijing Benz, a joint venture between Mercedes-Benz and Chinese automaker BAIC Motor, filed a recall plan on October 28. The move expands a recall plan for certain EQA, EQB and EQC electric vehicle models released on February 18, 2022.
On April 10th, BYD officially released the industry's first new energy exclusive intelligent vehicle body control system - "DiSus"
In the speech, Elon Musk praised the growth potential of the Chinese market and emphasized the innovation of Tesla's competitors in the country.
It has been learned from people familiar with the matter that the biggest organizational change in BYD this year will be the independent operation of the company's automobile brands. The adjustment began with the Academy of Engineering, the core department for R&D at BYD.
On August 9, the China Passenger Car Association released its market analysis report for July. In the past month, the retail sales of passenger cars in the country reached 1.818 million units, up 20.4% year-on-year.
Tesla has expressed interest in launching a fleet of autonomous taxis in China, and the Chinese government appears open to the idea, potentially allowing preliminary domestic tests and demonstrations.
Recently, Chongqing Sokon Industry Group announced its August production and sales report. The data show that the company sold 3,565 new energy vehicles in August, a year-on-year increase of 146%.
On July 11, FAW Jiefang Automobile Co., Ltd., FAW Group’s commercial vehicle arm, inked a strategic cooperation framework agreement with Tencent Cloud Computing (Beijing) Co., Ltd., in regard to automotive information security.
Since its Shanghai Gigafactory resumed work, Tesla China has produced more than 40,000 vehicles, with capacity utilization back to 100%.