EV Industry

Chinese EV maker WM Motor has completed its 10 billion RMB Series D round of financing, which was co-led by Shanghai State-owned Assets Investment Platform and Shanghai Automotive Industry Corporation (SAIC), with Baidu and SIG participating in the round, according to 36kr.com.

Chinese ride-hailing giant Didi Chuxing is partnering with automaker BYD to produce customized electric vehicles for its transport business, Bloomberg reported citing people familiar with the matter.

Since the autumn, the global new energy vehicles to establish a growth inflection point, China investment bank CICC said, adding the medium- and long-term development path is clear.

The China Automotive Chip Industry Innovation Strategic Alliance was officially established in Beijing on September 19, which is jointly supported by the Ministry of Science and Technology and the Ministry of Industry and Information Technology of China, and led by the China New Energy Vehicle Technology Innovation Center.

Chinese electric car startup company ENOVATE launched its first product, the smart electric SUV ME7, in Shanghai on September 19.

Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 18 that it intends to issue RMB shares on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.

Baidu was awarded 10 licenses to operate autonomous driving human testing in Chongqing, where Baidu Apollo and King Long collaborated to launch Robobus, an L4 autonomous vehicle.

Chinese electric vehicle startup WM Motor has teamed up with Apple to launch exclusive dials for the Apple Watch Series 6, becoming the first company in China to customize the Apple Watch so that users can control their vehicle remotely by lifting their hands.

Chinese electric vehicle startup WM Motor has completed its Series D round of financing, led by Hefei Industrial Investment and Guidance Fund Co. with an investment of 1 billion yuan, according to the Beijing News.

As a major endorsement of the Nio-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.