Yilei Sun
Stories by Yilei Sun
US autonomous truck startup TuSimple raises $95m led by China’s Sina
Hong Kong-based investment firm Composite Capital also joined the round, which values the startup at $1 billion.
SoftBank Vision Fund said to be in talks to invest $1.5b in Chinese used car site Guazi
The deal would value the Chinese firm at $8.5 billion before the investment.
Didi Chuxing, Beijing Electric form JV for new energy vehicle, AI projects
The JV, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, aims to develop “next-generation connected-car systems.
China’s HNA Group touts assets for sale as funding crunch intensifies
The range of assets spans a hotel project in frozen Harbin and stakes in struggling online lender Dianrong, insurer Bohai Life and brokerage HNA Fut
Tesla sets up financial leasing unit in Shanghai in accelerated China push
Tesla has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials.
