
Chinese Autonomous Driving Startup Pony.ai seeks US IPO
On November 15, China's autonomous driving startup Pony.ai submitted its red herring prospectus and launched its IPO. It will be listed on Nasdaq under the stock code "PONY".
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On November 15, China's autonomous driving startup Pony.ai submitted its red herring prospectus and launched its IPO. It will be listed on Nasdaq under the stock code "PONY".

According to Chinese enterprise data platform Tianyancha, electric vehicle manufacturer XPeng Motors has established a new subsidiary whose business scope includes the sale of battery swapping facilities.

On September 19th, Jiyue announced that its automotive robot, Jiyue 01, has officially rolled off the production line at Geely Hangzhou Bay Intelligent Factory.

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 December 4th, Li Auto and Qingdao Yuzhe Automobile Engineering Technology Co., Ltd. responded on Weibo to a recent online rumor about uncivilized driving behavior during a test drive.

According to Tianyancha APP, on Friday, JiDU Automobile, a joint venture between Baidu and Geely, applied for an autonomous driving patent.

A leaked memo from XPeng Motors, a Chinese intelligent electric vehicle company, shows that the company is still continuing its organizational structure adjustment. A new financial platform was recently set up within the firm, aiming at improving cost controls and the compliance ability of the financial system.

According to Tianyancha APP, NIO Insurance Brokerage Co., Ltd. has been recently established with a registered capital of 50 million yuan ($7.9 million). The brokerage is 100% controlled by Chinese EV maker NIO.

In April this year, news emerged that JuneYao Group, a top 500 company in China, has become the actual controlling shareholder of Yudo Automobile. The report was confirmed on September 2.

During an internal Huawei meeting on December 8, Richard Yu, the head of the firm's consumer and automotive units, said that vehicle operations should become profitable in 2025.

After releasing the name and preview photos of the Zeekr 009 car model at the end of last month, on August 5, the vehicle brand unveiled more detailed photos and design specifics of its new electric MPV.

According to a document disclosed by Changan Automobile on Wednesday, more than 1,000 people in Huawei's intelligent driving research and development team have been stationed in Chongqing to develop the company's newest vehicle, the Avatr 11.