Industry News
Alibaba-backed connected car firm Banma gets $464 million capital increase
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 wins $15.3 million Chongqing smart transportation pilot project
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.
Ora's first SUV appears on regulatory list
Ora, the new energy vehicle brand of Great Wall Motors, was previously best known for its compact model Good Cat. Now its first SUV appears to be just around the corner from its official debut.
Chinese AI firm SenseTime launches new brand to provide smart car solutions
Chinese AI company SenseTime unveiled its smart car solutions brand SenseAuto at the recent 2021 World Artificial Intelligence Conference.
Cambricon says it's designing smart driving chip with over 200 TOPS of computing power
While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.
Former Didi exec joins GAC to lead businesses including autonomous driving
Chen has more than 20 years of experience in artificial intelligence research and applications and big data analytics.
Not all battery swap-enabled models are successful, this automaker had zero car sales in June
The success of Nio's battery swap-enabled models does not mean the same for all companies selling such models.
SAIC aims to sell 550,000 units in overseas markets this year
SAIC Motor aims to sell 550,000 units in overseas markets this year and the target is 1.5 million units by 2025.
Uxin closes $100 million financing deal, Nio's William Li joins board
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.
China sees 9,435 power battery recycling-related company registrations in H1, 26 times as many as a year ago
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.
