Ride-hailing Platform T3 Travel About to Complete Financing Round Worth 5 Billion Yuan
T3 Travel is about to complete its latest round of financing, including equity financing of more than 5 billion yuan ($755 million).
9/23/20213 min read
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BYD Expands Business Scope into Motorcycles
Recent pictures of a motorcycle being tested by personnel working for BYD have been circulating around Chinese news outlets. BYD has confirmed that it is developing motorcycles in partnership with another company.
Changan Auto Applies to Build A Factory in Thailand
On August 16th, the Thailand Board of Investment announced that Changan has applied to build an electric vehicle and hybrid vehicle factory in Thailand.
8/17/20232 min read
Over One-Third of the Global Industrial Robots Were Manufactured in China
China’s robotics industry saw rapid growth this year. According to a report released by Buy Shares, there were 381,000 units of industrial robots globally as of September 2020.
1/4/20213 min read
XPeng and JiDU to Use SVOLT's Short Blade Battery
Yang Hongxin, Chairman and CEO of Changzhou-based battery firm SVOLT, revealed on September 1 that JiDU, XPeng and other brands will use SVOLT's short blade battery in their products.
9/2/20223 min read
XPeng Reports Q3 2020 Unaudited Financial Results
Chinese smart electric vehicle company XPeng announced its unaudited financial results for the third quarter ended Sept. 30, 2020, showing a 265.8% year-on-year increase in deliveries and a 342.5% year-on-year growth in sales.
Envision Group to Invest $7.5B in Hubei Power Battery Plant
The official website of the Shiyan Municipal People's Government in China's central province of Hubei published an article Wednesday saying that it had signed a strategic agreement with Envision Group.
2/25/20223 min read
Kingsoft Cloud Shares Soar 40% in U.S. Trading Debut After Luckin’s Fraud
China’s cloud services provider Kingsoft Cloud Holdings Ltd. shares rose 40% on Friday in the first major trading on the NASDAQ stock exchange.
BYD Will Invest 100 Billion Yuan in Developing AI and Smart Technology for Cars
BYD will invest ￥100 billion in developing intelligent technology combining AI and automobiles, achieving comprehensive vehicle intelligence advancement to win future technological discourse power.
Huawei Responds to Trump's Executive Order: Banning Huawei Will Not Make America More Secure
May 15, The US President Donald Trump declared a national emergency over threats against American technologies, the White House stated. The executive order aims to "protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services".
5/16/20192 min read
Microsoft and XPeng Motors Cooperate to Equip Cars With "Human Voice" Driver Assistance
Microsoft officially announced that with the support of TTS, a deep neural network based on Microsoft Azure, Chinese electric vehicle company XPeng Motors has successfully upgraded its driver assistance function.
1/7/20223 min read
China VC Weekly: Drugs, Semiconductors, and Self-driving Cars
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, and more.
8/23/20216 min read