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SenseTime receives C-round financing of $600 million, led by Alibaba Group

BEIJING – SenseTime, China’s leading artificial intelligence (AI) company, announced on April 9 that it has received C-round financing of $600 million, led by Alibaba Group and followed by Singapore Sovereign Wealth Fund Temasek, Suning.com and other top investment institutions and strategic partners, which will provide important impetus to the

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Webasto’s new Guangzhou plant to produce up to 1.6 million sunroofs annually

GUANGZHOU – Webasto opened its new, larger plant in Guangzhou, Guangdong Province on March 28 with an annual output capacity of up to 1.6 million sunroofs. A global top 100 supplier, Webasto has been present in Guangzhou since 2006 with sunroofs production. The previous site was leased. With the move into

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Honda signs 5-year deal with China-based SenseTime to develop AI tech for automated driving

TOKYO –Honda R&D Co., Ltd., the R&D subsidiary of Honda Motor Co., Ltd., announced on December  7that it has signed a 5-year joint research and development contract with SenseTime Group Ltd., a China-based IT company with strengths in the area of artificial intelligence (AI) technologies. The agreement is part of

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Eleven automakers announce recalls of 1.13 million vehicles in November

BEIJING – Eleven vehicle enterprises announced recalls of about 1.13 million cars and more than 200,000 tires in China in November, which included Mercedes-Benz, Dongfeng-Honda, FAW-Volkswagen, Hyundai and so on, according to a series of notices released by the Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) recently. The top

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Yasuhide Mizuno: Honda to launch China-only EV in 2018

TIANJIN – Honda plans to launch its first electric vehicle dedicated exclusively for the Chinese market in 2018, according to Yasuhide Mizuno, operating officer of Honda Motor Co., Ltd. and COO for Regional Operations (China), and president of Honda Motor (China) Investment Co., Ltd. Mizuno made the announcement during a

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Toyota Prado top selling imported SUV in 2015

According to registration data from CBU Analytics, Toyota Prado was the bestselling imported SUV in China in 2015, with end-user sales of 45,263 units. The domestically made version of the same model had about half as much the registration, with 20,277 units sold to end users. Among the top 10

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