Industry News
Evergrande's car making arm raises up to $3.35 billion through private placement
This is one of the largest equity financings in China's new energy vehicle industry. It's trading at an 8 percent discount to the average closing price over the previous five trading days, with each investor voluntarily locking in for 12 months, the company said.
Analyst says Chinese automakers' tech hardware race pushes up LiDAR demand
Analysts believe that other local brands are expected to follow in the "arms race" for intelligent features, with more models equipped with LiDAR to achieve L3 autonomous driving.
Maker of China's most popular EV offers special model to celebrate Year of Ox
2021 is the Chinese Lunar Year of the Ox starting from February 12, and the SAIC-GM-Wuling Hongguang MINI EV, China's most popular electric vehicle in terms of sales, is offering a special model to celebrate it.
GAC Aion charging pile has 2.4 times the power of Tesla V3 Supercharger
A GAC Aion high-powered super-fast charger in Guangzhou shows a charging current and voltage of 600A and 1000V respectively, which means it can charge up to 600kW.
This is why China needs a thriving electric vehicle industry
China produced 190 million tons of crude oil and imported 460 million in 2018, with an external dependence of 71 percent.
After BYD, Geely also updated its logo
Geely Holding Group today announced a new version of its logo, turning the former blue logo into a starry grey. The new logo brings a new vision that is lighter and has a more technological feel.
Number of charging piles in China reaches 1,681,000 units as of Dec, up 38% year-on-year
The total number of publicly and privately owned charging stations in China reached 1.681 million as of December 2020, an increase of 37.9 percent over the same period last year, according to a new report.
Volkswagen's first all-electric SUV available for pre-order in China, with prices starting at about $30,854
FAW-Volkswagen announced on January 19 that it has opened pre-orders for its first all-electric SUV, the ID.4 CROZZ, and announced a starting price of RMB 199,900 ($30,854) after subsidies.
Tencent becomes latest tech giant to set foot in auto industry
After Baidu announced it would form a new energy vehicle company, Chinese social media giant Tencent is also getting involved in the field.
WM Motor founder says Baidu's entry into car-making industry a good thing
He said that Baidu is WM Motor's largest external shareholder and that the latest W6's autonomous driving technology was jointly developed by the two companies, using Baidu Apollo's cloud-based computing power.
