NewsBAIC Group to take over Luckin chairman’s shares in auto-rental company CAR Inc.UCAR would divest its entire equity in CAR Inc. if the deal closes. 2 mins read
The startup, valued at USD 400 million last year, submitted the documents to the SEC in secret, according to sources. NewsExclusive | Chinese Tesla challenger Xpeng to file for US IPO seeking USD 500 million [Update]2 mins read
Ehang is the world’s first autonomous aerial vehicle company approved to conduct commercial trials of passenger drones for transporting heavy cargo, it says. NewsChinese flying taxi maker Ehang gets approval to test drone deliveries for cargo weighing over 150kg3 mins read
The COVID-19 pandemic generated a wave of digitization that left some companies better positioned than others to capitalize. InsightsWinners and survivors from the pandemic, Q1 sheds light on China’s economic recovery5 mins read
The firm expects to break its quarterly record for vehicles delivered in the second quarter. NewsChinese Tesla competitor Nio’s revenues down nearly 16% in Q1, but firm predicts swift recovery1 min read
The Apollo Park in Beijing is equipped with facilities to support the full autonomous vehicle development process, from research to testing. NewsChina’s Baidu finishes building ‘world’s largest’ test ground for autonomous vehicle, smart driving systems2 mins read
The move comes just after the Internet of Vehicles provider Gosuncn formed a cooperation with Baidu’s rival WeRide. NewsCHINA BRIEF | Baidu allies with IoV company Gosuncn in autonomous driving push1 min read
At China’s most important political event of the year, they called for development in 5G, IoT, and tech education, among other fields. InsightsThis is what Chinese tech tycoons brought to the table at China’s Two Sessions4 mins read
A total of 3,600 cars have been sold on Pinduoduo between May 1 and May 20 of 2020. NewsCHINA BRIEF | Pinduoduo sets special team to stimulate car sales1 min read
