EV Industry

Banma, the connected car company backed by Alibaba, announced on July 14 that it has completed an RMB 3 billion ($464 million) capital increase from its existing shareholders.

Baidu has won an RMB 98.8 million ($15.3 million) bid for the first phase of a smart transportation pilot project in the Yongchuan District in southwest China's Chongqing.

Chinese AI company SenseTime unveiled its smart car solutions brand SenseAuto at the recent 2021 World Artificial Intelligence Conference.

While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.

The success of Nio's battery swap-enabled models does not mean the same for all companies selling such models.

Under the deal, Uxin has issued a total of 29,129,040,416 shares of senior convertible preferred stock for an aggregate amount of $100 million.

With the rapid development of China's new energy vehicle industry, power battery recycling is starting to become a big business with a rapid increase in participants.

After its record sales in March, the performance of China's hottest-selling electric car is starting to weaken.

The huge market demand generated by China's new energy industry chain has led to a large number of companies actively raising capital to expand their production capacity.

These vehicles are also widely known as "老头乐" (Old Man's Joy) in China, and they often weave in and out of ordinary vehicles and drive illegally on bike paths, posing many safety hazards.