Guansheng Co., Ltd. and its subsidiaries have received government subsidies totaling 10.4035 million yuan

Chassis Supply Chain's "iPhone Moment": China's Tier 1 Shift as LeeKr Emerges

Over the past decade, China's electric vehicle (EV) industry has evolved from a niche experiment into a leading force in the global automotive landscape. In the first ten months of 2025, China exported over 2 million EVs, nearly double the year-earlier figure. From European city streets to Southeast Asian highways and Latin American urban centers, Chinese EVs have emerged as one of the most prominent symbols of a new era of “Made in China.”

XPENG (小鹏汽车) Reportedly Acquires Stake in Indonesian EV Manufacturer, Accelerating Localized Layout in Southeast Asia

Market sources indicate that XPENG (小鹏汽车) intends to acquire a 90.1% stake in Indonesian EV manufacturer ERA Industri to accelerate its localized production, potentially making it the first Chinese new force automaker to establish a production base in Southeast Asia through deepened cooperation with local distributor ERAL.

Hypershell (极壳科技) Secures $50 Million Series B+ Funding Co-Led by Ant Group (蚂蚁集团) and Meituan Dragonball Capital (美团龙珠), Accelerating Global Expansion of Consumer-Grade Exoskeletons

Consumer-grade exoskeleton startup Hypershell (极壳科技) announced the completion of its $50 million Series B+ financing round co-led by Ant Group (蚂蚁集团) and Meituan DragonBall (美团龙珠), bringing its total Series B series funding to $120 million to accelerate its global leadership in human-augmentation robotics.

Unpacking China | Key Chinese Firms to Watch This Week （10/05/2026-16/05/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

"Bowintec" completed a Pre-A financing round of nearly 300 million RMB, accelerating the large-scale implementation of industrial embodied intelligence.

Boyuan Capital, the market-oriented investment platform under Bosch, and GalaxyBot, a leading company in embodied intelligence, jointly incubated a joint venture — Bowintec (博银合创), which announced the completion of a Pre-A financing round, raising nearly 300 million RMB.