Industry News

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.

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.

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 concerns.

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.

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.

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-electric future."

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.

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.

China has too many NEV companies, mergers are encouraged, official says

China now has too many NEV companies, which are small and fragmented, and the industry's players need to get bigger and stronger in the future, a senior Chinese official said.

Nio Capital invests in EV charging service provider Yunkuaichong

Yunkuaichong, a Chinese EV charging service provider, announced Monday that it has closed a Series B2 round of funding from Nio Capita, less than three months after closing its Series B1 round.
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