On October 11th Avita Technology President Chen Zhuo revealed the company’s latest financing situation at Avita Technology’s key supplier partner communication meeting: it is currently in the process of C round of financing to raise up to 10 billion yuan, and the post-investment valuation will exceed 30 billion yuan. Avita Technology is a high-end new energy brand created by Changan Automobile Group in conjunction with Ningde Times and Huawei. Eyeball check data show that Avita Technology completed the angel round, A round and B round of financing in November 2021, August 2022 and August […]
It is reported that the company is located in Lingang New Area of China (Shanghai) Pilot Free Trade Zone, and its industry is science and technology promotion and application services. Meanwhile, the business scope of Shanghai Gree Automotive Technology Co., Ltd. includes industrial Internet data services, intelligent robotics research and development, software development, science and technology intermediary services, as well as sales and manufacturing of refrigeration and air-conditioning equipment. In addition, the company is also involved in the research and development of automotive parts; and the manufacturing of automotive parts and accessories. In addition, […]
At the time of Tesla’s high-profile release of the Robotaxi driverless cab, Tao Lin, Tesla’s vice president of external affairs, announced new news – Tesla’s Shanghai Superfactory has also ushered in a new milestone. On October 11, Tao Lin said on Weibo, “Today the Shanghai Superfactory ushered in a new milestone – the 3 millionth complete vehicle rolled off the production line. From 0 to 1 million vehicles, Tesla Shanghai Super Factory took 32 months; from 2 million to 3 million vehicles, it took only 13 months. Each car is a small step, and 3 million […]
Recently, Chinese automaker Chery announced the official launch of its automobile assembly operations at a factory in Russia. This initiative marks a significant step in Chery’s global expansion strategy, aimed at meeting local consumer demands while enhancing the company’s international presence. According to Chery’s official statement, the assembly line in Russia will primarily produce several popular models, including SUVs and sedans. Chery noted that this move will not only help reduce production costs but also improve supply chain flexibility, allowing for quicker responses to market needs. The factory, located near Moscow, is equipped with advanced production technology and is expected to create hundreds of jobs in the region […]
on October 10, Akio Toyoda, chairman of Japanese automaker Toyota Motor, said that a pure electric future would lead to job losses for people working in engine-related technical jobs (including suppliers). “Including those who have been working in engine-related jobs for a long time, there are 5.5 million people working in the automotive industry in Japan. If pure electric vehicles become the only option, many people, including our suppliers, will lose their jobs,” Toyoda told the media. In addition, Akio Toyoda added that he likes fuel vehicles. Toyota has always been more cautious about electric vehicles than other manufacturers. With global electric vehicle sales slowing and market demand for […]
As Japanese automakers gradually withdraw from the Chinese market, the latest data shows that Japanese companies’ investment in China in 2024 fell by 16% year-on-year. This trend has attracted widespread attention and industry insiders have expressed concerns. In recent years, competition in the Chinese market has become increasingly fierce, especially in the field of new energy vehicles. The rise of local companies such as Tesla and BYD has put tremendous pressure on Japanese automakers. Many Japanese auto brands face the challenges of declining market share and weakening profitability and have to reduce their investment in China. According to relevant data, in 2023, Japanese automakers’ investment in China was […]