Automobile
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Hozon Auto receives RMB5 billion credit line from China CITIC Bank
Hozon Auto started a comprehensive and in-depth cooperation with Shanghai branches of China CITIC Bank, CITIC Securities and CITIC Prudential Life.
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Azure Corporation to invest RMB5 billion for AH cylindrical battery production lines
The project will be in two phases, with an investment of 2.35 billion yuan in the first phase.
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JAC teams up with NIO Holding for new EV venture
It is worth noting that the joint venture with Jianghuai Automobile is NIO Holding, which is not the same as the well-known NIO Inc.
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Geely affiliate applies for a patent on charging station and control system
It mentions that the application has a simple structure with more stable performance and lower cost.
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BYD signs a strategic cooperation agreement with Horizon Robotics
BYD signed a strategic cooperation with Horizon Robotics at its Shenzhen headquarters on the morning of March 2. The two parties had thorough discussion on the future development of relevant industries, and reached an agreement on future in-depth cooperation and cross-industry synergy. Based on its own deep chip and intelligent technology accumulation, BYD cooperates with Horizon’s leading artificial intelligence chips and algorithms. Wang Chuanfu said at the ceremony that Horizon Robotics is a well-known AI chip company promoting trending intelligent electric vehicles. He said that in the future, BYD and…
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Tesla buying more land for expansion in China: media report
Industry insiders believe, it is very likely that this piece of land will be used for the expansion of the Tesla factory, based on the information in the announcement.
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Foxconn partners with GL Ventures to invest in AutoCore.ai
Foxconn announced that it has combined with GL Ventures to complete its investment in AutoCore.ai. This Pre-A round of financing was led by Foxconn and GL Ventures, with participation from a Nanjing company, with nearly 100 million yuan. The company will use the money to accelerate the realization of the safety middleware system platform of AutoCore.OS’ intelligent mobile computing under a variety of chips and EEA architectures, and lead in open source autonomous driving projects on a global scale. AutoCore.ai, as a founding top member of the Autoware Foundation, is…
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Baidu partners with Geely to launch EV venture Jidu Auto, holding 55% stake
Its registered capital is RMB 2 billion, and its legal representative is Xia Yiping, the ex co-founder and chief technology officer of Mobike.
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JDO Auto completes new round financing, led by Cowin Capital
JDO Auto has the opportunity to become a leader in the field of car owner service operations.
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NIO’s lidar supplier Innovusion will receive US$60 million in financing
Innovusion, a supplier of NIO’s lidars, will complete a new round of financing of 60 million US dollars, with a valuation of 300 million US dollars, 36Kr reports. Institutions such as Temasek, Bertelsmann Asia Investments AG (BAI) and Joy Capital participated in this round of financing. Regarding the above information, 36kr asked Innovusion for verification but no response has been received. In January of this year, Joyson Electronics just announced a strategic investment in Innovusion. With the automotive industry betting on intelligent development, core sensor components such as lidar are…
