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 […]
Qingdao, October 12, 2024 – BYD, the leading Chinese electric vehicle manufacturer, has celebrated a significant milestone as the first batch of electric buses destined for South Africa has officially rolled off the production line at its Qingdao factory. This new initiative marks BYD’s continued expansion into the African market, highlighting the company’s commitment to providing sustainable transportation solutions globally. The electric buses are designed to meet the growing demand for eco-friendly public transport in South Africa, where urbanization and environmental concerns are increasingly at the forefront. The buses are equipped with advanced electric drivetrains, ensuring high efficiency and reduced emissions compared to traditional diesel buses. BYD’s […]
October 12, 2024 – Tesla has announced that 500 temporary workers at its Berlin Gigafactory will be converted to permanent employees. This decision marks a significant step in Tesla’s ongoing expansion in the German market and underscores the company’s commitment to its workforce. These temporary employees have been working on the production line and in other key positions since the factory opened. With the transition to permanent status, they will enjoy more comprehensive benefits and career development opportunities. Tesla stated that this move not only boosts employee morale but also enhances the factory’s production efficiency. Since its inception, the Berlin Gigafactory has attracted considerable attention as the […]
On October 12, the spokesperson of the Ministry of Commerce of China responded to the issues related to the “EU-China consultation on the countervailing subsidy case on electric vehicles”, saying that there are still major differences between the two sides, and that so far the consultation has not yet reached a solution that is acceptable to both sides. On October 12, a reporter asked, according to relevant information, China and Europe on the EU electric vehicle countervailing case for more than 20 days of consultation, today the Chinese team has returned to China. May I ask […]
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 […]