Chen Mingyong to Lead OPPO's Car Manufacturing Ambitions

This news comes after fellow competitors such as Huawei and Xiaomi have stepped into the auto industry.

As Net Profit Jumps to CNY 5.6 Bn, CATL's Share Price Rises 7%

On the evening of April 27, CATL released its annual performance report for 2020, which shows that the operating revenue of CATL was CNY 50.32 billion, up 9.9% year-on-year, while the net profit attributable to the parent company boosted by 22.43%, reaching CNY 5.58 billion.

GOTU (GSX) Revenue Increases by 237% in First Financials after Name Change

Affected by the good news, the company's shares rose sharply 14.67% to USD 31.04 at the close of the day. 

Educational Firms New Oriental and Xueersi Receive CNY 500,000 Ceiling Fine

According to the survey conducted by the Beijing Municipal Bureau of Market Supervision, GSX, TAL, Koolearn Tech (New Oriental’s online platform), and Gaosiedu illegally used fabricated prices for false marketing and for price violations in preferential activities through the official websites.

Chinese Bike-Sharing Startup Hellobike Launches US IPO

On April 25, Hellobike filed a prospectus on Nasdaq for an IPO in the US, intending to raise up to USD 100 million with Credit Suisse, Morgan Stanley and CICC as co-sponsors.

Meituan's Former Operations Director Joins Huolala

Yin Bingbing, who has deep expertise within transportation operations, will further strengthen the growth of the Chinese Uber-like freight startup.

Cars with DJI Intelligent Driving System Will Be Launched in 2021

DJI Car Equipment, as a subsidiary of the leading drone company, is marching into the EV market.

Changan Auto's 2020: Revenue Jumps by 20%, Net Profit Turns Positive

On the evening of April 19, Changan Automobile released its latest annual report, showing sales boosts and R&D advances.

Polestar Seeks More International Investors after Completing a USD 500 Mn Financing

Polestar, Volvo's electric vehicle brand, announced a $550 million financing round, the first targeted new share offering to outside investors. The successful funding round demonstrates the strong growth of the global electric vehicle market.

GenomePrecision Technology Receives CNY 200 Mn in Series C

The molecular diagnostics company plans to use the fund for large-scale clinical trials and layout in core tertiary hospitals.

Huawei Intelligent Vehicle Solution's New Product Launch Held in Shanghai

Unlike other smartphone manufacturers entering the automobile manufacturing industry, Huawei aims to provide targeted intelligent vehicle solutions for auto manufacturers.

DJI and SAIC-GM Join Hands to Produce Cars

The two sides will adopt in-depth cooperation rather than parts procurement. The first car will be put into production as soon as this year.