NewsDidi challenger Dida Chuxing plans to raise USD 300 million in pre-IPO roundThe company expects to reach a USD 3 billion market capitalization. 2 mins read
The company is currently hiring designers to create “Chinese style” vehicles. NewsTesla to establish design and research center in China2 mins read
Nio’s shares surged over 17% on the New York Stock Exchange on Wednesday. NewsChinese automaker GAC in talks with Nio over potential USD 150 million investment2 mins read
Cloud and AI division will become Huawei’s fourth business group. NewsHuawei to focus on cloud and AI business amid fierce competition2 mins read
China’s auto sales also fell by 8.2% in 2019. NewsChinese new energy vehicle sales drop 4% in 2019, first decline in ten years 3 mins read
Zheng Gang will be the new chief strategic officer of Huawei’s intelligent automotive solutions arm. NewsHuawei appoints Chinese EV veteran to develop its smart automotive business2 mins read
The US EV maker has received a lot of support from the Chinese government. NewsTesla receives over 1,000 orders daily for China-made Model 3, after a 15% price drop2 mins read
Luckin also revealed that it has surpassed Starbucks in the number of physical stores in China. NewsLuckin enters unmanned retail market with new vending machines to speed up expansion2 mins read
The production of Model Y targeting the Chinese market will commence in early 2021. NewsTesla officially launches Model Y production in Shanghai factory2 mins read
