Chinese electric vehicle makers accelerate global expansion, achieving notable success in Southeast Asia, Australia, Latin America, and Europe. From January to November, Chinese EV exports soared to 1.091 million units, marking an 83.5% increase year-on-year, as per the China Association of Automobile Manufacturers. Leading the charge, BYD’s exports surged by 360% year-on-year to 216,000 units,… Continue reading Chinese Electric Vehicles Expand Global Reach, Export Growth Surges by 84% Outside China
Author: China Money Network Online News
Despite Dip in VC Funding, China Adds Ten New AI Unicorns in 2023
In 2023, China witnessed the emergence of ten new artificial intelligence unicorn startups, each valued at over US$1 billion. This development adds to the existing 102 unicorn startups in China’s AI sector, further solidifying its position in the global AI landscape. This came in the backdrop of a dip in venture financing in AI. As… Continue reading Despite Dip in VC Funding, China Adds Ten New AI Unicorns in 2023
China Speeds Up Satellite Internet Advancement Toward 25,000 Low-Earth Orbit Satellites
China is speeding up satellite internet development, aiming to launch more satellites to build up its own communication satellite constellation. China first included satellite internet as a key focus of its “new infrastructure” policy support in 2020. By 2023, satellite direct-to-car and direct-to-phone technologies began to debut, marking the beginning of the era of mega-constellations.… Continue reading China Speeds Up Satellite Internet Advancement Toward 25,000 Low-Earth Orbit Satellites
China Establishes Nationwide Regulations for Commercial Use of Autonomous Vehicles
China’s Ministry of Transport released new comprehensive rules for self-driving cars today, in an effort to regulate the commercial application of autonomous vehicles on China’s roads. The “Guidelines for the Safety Services of Autonomous Vehicles (Trial)” (hereinafter referred to as the “Guidelines”) signifies another important step toward commercial implementation of autonomous vehicles in China. The… Continue reading China Establishes Nationwide Regulations for Commercial Use of Autonomous Vehicles
Huawei Spins Off Intelligent Automotive Solutions Unit To Secure Fresh Funding
Huawei is spinning off its Intelligent Automotive Solution (IAS) business unit to seek deeper cooperation with Chinese car makers and secure fresh financing for independent development. Huawei’s IAS unit is establishing a new company specializing in intelligent components for electric vehicles, injecting its core technology, personnel, and assets. Changan Automobile will invest in this company,… Continue reading Huawei Spins Off Intelligent Automotive Solutions Unit To Secure Fresh Funding
China Tech Digest: Qu Toutiao Rumored For Deal Talk, Mexico To Buy Chinese Vaccine
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China Tech Digest: China To Distribute 600 Million Vaccines By Year End, WeBank To Resolve Debt After Danke Failure
© 2023 China Money Network. All Rights Reserved. Disclaimer: The views, opinions, forecasts, and statements made by our hosts and guests are the personal views of those respective individuals and may or may not be either endorsed or accepted by China Money Network Limited or the companies with which these individuals are employed. Go to… Continue reading China Tech Digest: China To Distribute 600 Million Vaccines By Year End, WeBank To Resolve Debt After Danke Failure
China’s Startup Death Toll 2020: Nearly 1,000 Failed Projects
© 2023 China Money Network. All Rights Reserved. Disclaimer: The views, opinions, forecasts, and statements made by our hosts and guests are the personal views of those respective individuals and may or may not be either endorsed or accepted by China Money Network Limited or the companies with which these individuals are employed. Go to… Continue reading China’s Startup Death Toll 2020: Nearly 1,000 Failed Projects
China’s Geely Unit Releases New Drone Aoshi X-Chimera 25
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Bahrain’s Investcorp Targets RMB2-4 Billion Buyout Fund in China
Investcorp, a global investment institution headquartered in Bahrain, plans to establish its first RMB fund targeting RMB2 billion to RMB4 billion yuan to focus on buyout investment opportunities in China. Founded in 1982, Investcorp is an alternative asset investment institution managing US$50 billion, making it one of the largest alternative asset investment institutions in the… Continue reading Bahrain’s Investcorp Targets RMB2-4 Billion Buyout Fund in China