Chinese state-owned carmaker SAIC Motor plans to subscribe an additional capital contribution of 7.5 billion yuan to the Qingdao SAIC Innovation and Upgrading Industry Equity Investment Fund Partnership (L.P.).
Chinese leading lithium-ion battery maker Sunwoda announced that its wholly owned subsidiary, Sunwoda EVB, received an investment worth 380 million from a total of 19 separate investors.
On Wednesday, Banma announced that Alibaba Group, SAIC Group, SDIC and Yunfeng Fund jointly increased their capital by ¥3 billion in Shanghai.
Chinese autonomous driving unicorn Momenta has completed its Series C round of financing, amounting to $500 million.
China's largest automaker SAIC Motor is partnering with US lidar producer Luminar to develop autonomous driving technologies for a new high-tech line of vehicles, the companies announced on Thursday.
We’re going to provide a brief list of China’s most valuable automobile companies by market capitalization as of August 2020.
Employees of some large enterprises have returned to offices after roughly two months of working from home. Yet, resumption of normal operations has come at a price for Chinese companies.
Baojun released on Sunday their RC-6 vehicle, fully equipped with Huawei’s latest in-car technology including AI voice control, intelligent driving, networking and image recognition.
According to numbers reported by a research company LMC Automotive, Toyota was responsible for 7.8% of China’s new car sales during the first nine months of 2019, falling short of toppling Volkswagen as the market leader, but outpacing GM and the local automotive leader SAIC Motor.
Shanghai Automotive Group Co., Ltd. (SAIC) signed a 50.1:49.9 share joint venture contract with Austrian TTTech Computertechnik AG (TTTech) to accelerate development of an intelligent electronic control unit (iECU) and enhance core technical capabilities in smart driving.
On September 28, JD showed its latest products—driverless trucks. It is reported that this was the first time that Chinese E-commerce as well as logistics industries launched intelligent truck products, which were tested in the fixed road designated by the transport department. It is understood that JD’s two trucks, the new energy driverless truck EV80 […]
Alibaba Group announced the upgrading of its operating system strategy and launched a brand new AliOS whose slogan is to drive everything smart. The new Alibaba operating system will continue to increase its investment in the IoT field and IoT operating systems in automotive, IoT terminals, IoT chips and industrial areas. On September 27, Alibaba […]
The war between Apple and “monopoly” has not ended. For increasing companies, this giant company has affected their growth prospects, and thus they walk on the opposite path of Apple. On August 28, Pisen, a domestic digital accessories factory, claimed on its official Weibo account that it had formally charged Apple for its MFi certification […]
In early August, a batch of brand new BMW 1-series sedans showed on the streets of Shenyang. These luxury vehicles, equipped with Wifi connection, facial recognition, smart voice assistant, are shared cars which cost users only 1.5RMB per kilometer. Though it turned out that BMW Brilliance Automobile or BMW China were not behind this, luxury […]