Industry News
GM reportedly leads investment in Chinese self-driving unicorn Momenta with $400 million
In 2017, Momenta received a Series B investment of $46 million led by Nio Capital, the venture capital arm of Nio.
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Chinese regulator calls for stronger cybersecurity and data security for smart vehicles
The MIIT on Thursday issued a notice on strengthening cybersecurity and data security for connected vehicles, saying the safety and security systems for such models urgently need t
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BAIC BluePark sold 4,074 vehicles in Aug, up 91% from a year earlier
BAIC BluePark sold 4,074 vehicles in August, up 91 percent year-on-year and up about 17 percent from July.
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WM Motor reportedly adjusting equity structure in preparation for overseas IPO
WM Motor is adjusting its shareholding structure and may raise a new round of funding in the fourth quarter in preparation for an overseas IPO.
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Chinese regulator asks automakers to conduct data security, cybersecurity self-reviews
Chinese regulator of the automotive industry has begun asking car companies to conduct self-examinations of their data security and cybersecurity in order to address safety concern
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Analysts expect auto AI chips in China to grow at CAGR of 28% in next decade
With the rapid development of the smart car industry, the demand for AI chips is also exploding.
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Dongfeng's premium EV brand Voyah delivered 408 vehicles in Aug
Dongfeng Motor's premium electric brand Voyah delivered 408 units of the Voyah FREE, one of Li Auto's Li ONE competitors, in August, its first delivery month.
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GM steps up bets in China by introducing Ultium platform
General Motors announced Tuesday that it is officially introducing its Ultium electric vehicle platform to the Chinese market "to join Chinese consumers on their journey to an all-
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China to pilot rooftop distributed PV power generation in 676 counties
The counties will conduct a county-wide pilot of rooftop distributed PV power generation.
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Bosch ESP chip price reportedly rises to over 300 times its original price on black market
The current price of a Bosch ESP chip on the black market is about RMB 4,000 yuan ($620), nearly 300 times higher than the normal price of 13 yuan.
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