Phate Zhang
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Jidu closes nearly $400 million Series A funding as Baidu ramps up its EV push
The funding round, from Baidu and its strategic partner Geely, will help JiDU accelerate the development and mass production of its first robot car.
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BYD plans to conduct up to $4.3 billion in foreign exchange derivatives transactions as RMB appreciates sharply
The RMB has appreciated about 8 percent against the US dollar last year, putting pressure on Chinese companies with overseas operations.
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Su Jing, key figure in Huawei's self-driving team, said to be leaving
Su Jing, who has held the position of head of Huawei's smart driving product division, will leave the company before the Chinese New Year, local media said.
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Neta launches battery swap-enabled model for cab market
Neta has launched its new Neta U model for the cab market in Jinan, Shandong province, which will use Aulton's battery swap stations.
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Analysts expect Volkswagen's joint venture with JAC to be its new growth pole in China
CITIC Securities expects Volkswagen Anhui to reach annual sales of 200,000 units by 2025.
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Nio adds 9 swap stations in China, bringing total to 814
The Chinese New Year holiday is next week, and the peak travel season starts this week.
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Tesla says its Supercharger network covers all cities in Anhui province
So far, Tesla has opened 22 Supercharger stations in Anhui province.
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Nio issues first NFTs, but only for employees
Each year Nio issues a brooch to its employees to mark Nio's growth, and this year's theme is Hello Norway.
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Geely, Lifan form joint venture to tap battery swap market
The joint venture will build a smart battery swap ecosystem based on in-house developed technology to provide competitive products and services, said Geely.
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CATL reportedly building new factory next to Tesla Giga Shanghai besides existing pack assembly plant
CATL's current facility near Tesla's Giga Shanghai is primarily being used to assemble battery modules, while a new facility is under construction, according to local media.
