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On August 23, HYCAN Automotive Technology Co., Ltd. made a change to its registration with China's State Administration for Industry and Commerce, showing that NIO has withdrawn from the list of shareholders.
Game engine developer Unity announced on August 9 that it has entered into an agreement with leading partners to form a new regional joint venture called Unity China.
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.
Autonomous driving technology company Pony.ai announced a strategic joint venture on July 28 with SANY Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer SANY Heavy Industry.
Denza, a joint venture between Chinese automaker BYD and German high-end automaker Daimler AG, announced on Wednesday that it will unveil its first luxury MPV, the Denza D9, on May 16.
In last week’s China VC news: online grocery platform Dingdong Maicai bags a new tranche in its Series D round, bringing total financing amassed in the round to $1 billion; California-based biopharma firm Kinnate starts a joint venture to expand in China; luxury resale platform GoShare2 rakes in “tens of millions of US dollars” in Series C financing; and plant-based ground pork brand Zrou owner raised $7.3 million in a Series A round of financing.