Author: Phate Zhang

HiPhi founder apologizes to employees, says firm has only 3-month window left

Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments.

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Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say

Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said.

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Great Wall-backed autonomous driving startup Haomo raises over RMB 100 million in new funding round

Haomo's new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years.

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Li Auto CEO calls on China to establish mechanism to facilitate M&As between automakers

Li Auto CEO calls on China's policy makers to establish a mechanism to facilitate mergers and acquisitions between auto companies, amid widespread discussions over HiPhi's production halt.

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BYD’s battery unit FinDreams to supply blade battery cells to US parts supplier BorgWarner

FinDreams' cells will be used in BorgWarner's LFP battery packs for commercial vehicles in Europe, the Americas and selected parts of Asia-Pacific.

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