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Tencent and Chang’an set up JV to develop ICV open platform

CHONGQING – Tencent and Chang’an signed a cooperation agreement on April 12 to set up a joint venture to deepen cooperation in IOV overall solution, big data, cloud computing and other fields to promote the rapid development of intelligent connected vehicles. It’s expected to release more detailed information about this

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Renrenche gets fresh $200 million financing round from DiDi Chuxing

BEIJING – Renrenche.com, a leading e-commerce platform for C2C used vehicle transaction, announced on September 25 that it has received a fresh $200 million financing round from DiDi Chuxing to support the rapid development of its scale-up strategy. The two sides will have all-around and in-depth cooperation to jointly build

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How automakers are re-inventing themselves to become mobility leaders in China

On April 8, 2017, BAIC Group established a new company to expand efforts to profit from mobility services, putting Cai Suping, member of the standing committee of BAIC Group Party committee, as vice president in charge. “The new unit, BAIC Mobility LLC, could integrate all mobility resources of BAIC Group with hundreds of

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NVIDIA becoming a crucial player in the race to self-driving cars

During the golden age of PC and intelligent mobile phone processors, Intel has owned keynotes at CES in Las Vegas since 2012. But it was NVIDIA’s turn this year. AT CES 2017 on January 4, NVIDIA founder and CEO Jen-Hsun Huang hit the prime time showing his company’s leadership in

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BMW, Daimler and Audi aiming to broaden business in China with HERE

BMW, Daimler und Audi have agreed to sell a 10 percent stake in HERE to NavInfo, Tencent and GIC, aiming to further broaden their business in China. The planned transaction would result in NavInfo, and Tencent, together with GIC (a leading global investment firm) take a 10 percent stake in

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China makes all the right connections ¨C smart e-mobility in the next 5 years

Many of us aren’t aware of how historical the times we live in China. As President Xin Jinping said at the G20 Summit in Hangzhou in early September: “Proceeding from the new starting point, China will pursue an innovation-driven development strategy to create stronger growth drivers. Scientific and technological

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What’s the winning formula in the era of smart EVs?

On September 6 in Wolfsburg, Volkswagen AG signed an MOU with Jianghuai Automobile Co., Ltd. (JAC) for a potential partnership and a possible joint venture to make electric cars in China. “As we aim to be at the forefront of e-mobility, Volkswagen Group is looking forward to explore all options

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