Yilei Sun
Stories by Yilei Sun
Didi said to prepare for apps relaunch in China, anticipates probe to end soon
The company is learnt to have set aside 10 billion yuan ($1.6 billion) for a potential fine.
Didi’s ride-hailing rival T3 raises $1.2b for expansion
Market leader Didi is facing a cybersecurity investigation by Chinese authorities.
GM invests $300m in Chinese autonomous driving startup Momenta
GM is also developing autonomous driving technologies through its subsidiary Cruise.
Xpeng Heitech seeks to deliver flying cars to customers in 2024
The startup, founded in 2013, currently employs 400 people.
China to consolidate overcrowded electric vehicle industry
China would improve its charging network and develop EV sales in rural markets.
Renault in talks to end Chinese van venture with Brilliance
Renault had last year ditched its main passenger car business in China.
Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
Cao Cao's round comes as NYSE-listed Didi faces a cybersecurity investigation by Chinese authorities.
Didi denies reports that Beijing city is coordinating firms to invest in it
Didi is controlled by the management team of co-founder Will Cheng and President Jean Liu.
Chinese regulators raise concerns with ride-hailing companies
Regulators urged ride-hailing companies to comply with relevant rules and protect data security.
BMW supports restructuring of China JV partner’s parent Huachen
Huachen has defaulted on billions of yuan in debt obligations
