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On Tuesday, it was reported that Liu De, co-founder, executive director and senior vice president of Xiaomi Group, and Kong Kat Wong, co-founder of Xiaomi, are to become the directors of Kaiyun Motors.
Hong Jing Drive, an autonomous driving solutions provider based in China, announced on Monday that it had completed financing of over 100 million yuan ($15.77 million), featuring exclusive investment from Prosperity7.
Chinese auto manufacturer JAC announced Friday that it has completed the phased production line transformation of its manufacturing facility in Hefei.