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In-vehicle LiDAR system provider, LiangDao Intelligence, recently completed an A+ round of financing worth over 100 million yuan ($15.8 million).
Chinese electric vehicle maker Li Auto announced on Thursday that its brand-new flagship SUV, previously codenamed X01, has officially been named "Li Auto L9," and will be released during the Beijing Auto Show.
Xiaomi has identified Hesai Technology as the lidar supplier for its first car, which will come at a price exceeding 300,000 yuan ($43,460). The lidar firm for autonomous driving has previously received investment from Xiaomi.
Following similar moves by Tesla China and Huawei-backed AITO, Guangzhou-based electric vehicle firm XPeng has announced a price reduction plan.
On the evening of September 14, a rumor that the Inflation Reduction Act recently passed by the United States government will ban Chinese batteries after 2024 spread wildly on Chinese social media. The potential policy was then repudiated by the Secretary of the Board of BYD.
Wang Fengying, the former general manager of Great Wall Motor, reportedly will replace He Xiaopeng, the founder, chairman and CEO of XPeng Motors, as CEO.
Power battery company Sunwoda held a performance briefing on Wednesday to discuss the likelihood of its provision of batteries for Xiaomi's auto business, as well as product prices and revenue expectations.
July 14th news, recently, BYD officially announced that its new mid-to-large-sized hybrid sedan Destroyer 07 has been renamed as Seal DM-i. The new car will be launched in the third quarter with a price range of ¥180,000 to 250,000 ($25,200-$35,000).
News emerged that BYD Frigate 07 will start pre-sales at the Chengdu Auto Show on August 26 and will then be listed at the end of September. This model has passed the declaration of the MIIT in the first half of this year.
On Friday, Chinese electric vehicle maker NIO announced its proposed secondary listing by way of introduction to the Main Board of the Singapore Exchange, following its IPO at the Hong Kong Stock Exchange on March 10.
Geely Automobile announced at the Hong Kong Stock Exchange (HKEx) at noon on October 31 that it has proposed to spin off Zeekr Intelligent Technology Holding Limited (Zeekr) and list it independently.
Some chip factories in Malaysia are "paralyzed" under the pandemic, which will worsen the current chip shortage problem. Founder of Xpeng, expressed his concern about the lack of semiconductor chips.