In order to solve the problem of high battery costs and improve profit margins, many Chinese car companies have begun to directly enter the battery supply chain in various ways.
LEVC, a high-end commercial car brand owned by Geely, released a new online ride-hailing platform on October 31 called "Top Hat Travel," or "Limao Chuxing" in Chinese. Top Hat Travel focuses on high-quality and customized travel services.
A BYD affiliate intends to order eight ships capable of carrying 7,700 cars in Shandong Province, with a total cost of nearly 5 billion yuan ($688 million). Among them, six ships are determined to be built, while the other two ships are optional.
On September 27, Chinese self-driving startup Pony.ai announced that it had reached a working agreement with the SAIC AI LAB to explore fields such as the R&D of self-driving technology and the implementation of Robotaxi operation services.
On the evening of September 13, the MG MULAN, a pure electric vehicle under SAIC Motor's MG brand, was officially launched in Shanghai. The MG MULAN will also face the global market, where it officially goes by the name MG4 ELECTRIC.
Wu Bing, the CEO of SAIC subsidiary Rising Auto, stated on August 26 that the firm currently has no plans to go public for financing, during the 2022 Chengdu Auto Show.
Wu Bing, the CEO of Rising Auto, a smart electric vehicle brand owned by Chinese industry giant SAIC, said that the R7 mid-to-large size SUV will be launched in late September.
On the afternoon of August 16, SAIC's AI Lab announced plans to promote its SAIC Robotaxi 2.0 to take the lead in putting into operation "unmanned taxis" in Lingang.
On July 6, the signing ceremony of SAIC-GM-Wuling and MG Motors India's global energy product Wuling Air ev technology license agreement was held in Liuzhou.
The 2023 Baojun KiWi EV is the first strategic cooperation model between SAIC-GM-Wuling and Shenzhen-based drone developer DJI, and it will be equipped with DJI's intelligent driving system.
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.