Automotive

Cyngn Secures $9.65 Million in Direct Offering to Fuel Autonomous Vehicle Technology Growth

Cyngn Inc. successfully raises $9.65 million in a registered direct offering to fund its autonomous vehicle technology development and working capital needs.

Europe’s First Commercial Robotaxi Service Launches in Croatia Through Uber, Pony.ai, and Verne Partnership

Uber, Pony.ai, and Verne launch Europe's first commercial robotaxi service in Zagreb, Croatia, marking a significant advancement in autonomous mobility.

Dow Plunges into Correction Amid Middle East Tensions and War Fears

Dow Jones Industrial Average enters correction territory as Middle East tensions and Iran war fears drive a broad market sell-off and surge in oil prices.

ASEAN Summit in May to Focus on Critical Issues Amidst Middle East Conflict

ASEAN Summit in May to proceed with a trimmed agenda focusing on key issues like fuel supplies, food prices, and migrant workers, amidst the Middle East conflict.

Huawei’s New AI Chip Gains Traction with ByteDance and Alibaba Amidst Nvidia Restrictions

Huawei's new Ascend 950PR AI chip is gaining significant orders from ByteDance and Alibaba, challenging Nvidia's market share amidst U.S. export restrictions.

Geely Auto Launches High-End Galaxy Series to Compete in Fierce NEV Market

On Thursday, Chinese automaker Geely Auto announced the launch of a new high-end electrified product series in a bid to maintain its competitiveness in...

China Nears Completion of First Domestically-Built Large Cruise Ship

China's first domestically-built large cruise ship is nearing completion, with over 91 percent of construction finished, according to the administration bureau of the bonded...

China’s NEV charging infrastructure facilities nearly double in number in 2022

China has been leading the way in the electric vehicle (EV) revolution, with the country's commitment to boosting the new energy vehicle (NEV) industry...

China’s Sany Heavy Industry moves closer to Frankfurt listing

China's leading engineering machinery company, Sany Heavy Industry, is moving forward with its plans to list on the Frankfurt Stock Exchange. This could be...

RoboSense to supply lidars to FAW-Toyota

RoboSense, the leading Chinese Lidar developer, has made a big splash in the automotive industry with its recent win of orders from Toyota Motor...

Gotion to build EV batteries in Europe with Slovakia’s InoBat

Chinese battery maker, Gotion High Tech Co., is set to revolutionize the European electric vehicle market with its new joint venture with Slovakian peer,...

Honda to merge production planning, engineering units in China to aid EV rollout

Honda Motor Co. is taking steps to bolster its business in China with a major merger of its production and engineering units. Effective April...

GM says China lab develops solid-state battery

The Shanghai-based science lab of the automaker has engineered a "revolutionary" high-power bipolar solid-state battery that is poised to shake up the game. General Motors...

China’s automobile industry registers steady expansion in 2022.

The Chinese automobile industry has been showing a stable growth trend in 2022, with impressive year-on-year increases in revenue and profits, according to data...

China car sales plunge 38% in January as subsidies, tax cut end

China's passenger car sales took a hard hit in January, with a 38% slump reversing the 2.4% gain from the previous month. As it...

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