Fund Raising

BAIC BluePark said in an earnings preview on Thursday that it expects a net loss of RMB 1.8 billion to RMB 2.2 billion for the first half of the year.

Xpeng Robotics, which unveiled its first product last year and brought in an industry veteran, will use its latest financing to ramp up its R&D.

Sunwoda plans to issue GDRs and have them listed on the SIX Swiss Exchange/London Stock Exchange. In March, Gotion High-tech announced a similar plan.

Li Auto's move seems to be a preparation for its capital needs in the coming years. As of March 31, it had cash reserves of RMB 51.19 billion

In May, FAW's Hongqi brand confirmed that it will use Horizon Robotics' chips in a new model.

CATL raises a total of RMB 45 billion through the offering, which will be used for lithium battery capacity construction and technology development projects.

The pricing represents a 12 percent discount to CATL's closing price in Shenzhen on Wednesday and a premium of about 21 percent to the offering's floor price of RMB 339.67.

In 2019-2021, WM Motor had vehicle sales of 12,799, 21,937 and 44,152 units respectively.

The move comes after Mirattery secured tens of millions of dollars in financing through an ABN offering in April, marking the establishment of its direct access to financing in the exchange and interbank markets.

WeRide and Bosch have signed a strategic partnership agreement to jointly work on smart driving software development.