This year, BYD, a notable figure in the global automotive market, has recently faced a downturn. The extensive price reductions initiated on November 24th have raised concerns, as it is perceived to contradict the company's earlier commitment to avoid participating in price wars. BYD is now under pr...

On October 26, 2023, Stellantis announced a EUR 1.5 billion investment to acquire approximately 20% of Leapmotor, securing two seats on its board. Additionally, Stellantis and Leapmotor will establish a joint venture named "Leapmotor International" with ownership stakes of 51% and 49%, respectively....

Tesla initiated a price war in the Chinese market this year, forcing local manufacturers to confront the challenge. However, after nearly a year of intense competition, Tesla unexpectedly called a truce, while Chinese manufacturers led by BYD thrived in the fierce price war, turning adversity into o...

Within the AR glasses industry, various enterprises have recently concluded the latest round of financing, encompassing AR glasses, AR display modules, and optical wave devices. Chinese AR glasses firm Rokid secured USD 112 million fund According to news on November 20th, Chinese AR glasses fi...

On November 23, YICAI reported that Huawei is set to divest its Smart Car Solutions Business Unit (referred to as "Car BU"), with the business subsequently being acquired by the Chongqing State-owned Assets Supervision and Administration Commission, making it the largest shareholder. However, to ...