• 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…

  • Daimler says Chinese market returns to normal for its dealers

    Recently, Daimler Chairman Ola Källenius revealed in an online live that Daimler will accelerate to achieve goals of electrification and carbon neutrality.