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China SAIC-backed IM Motors raises $1 1 bln for smart car development, expansion

IM Motors, a premium electric vehicle brand of state-owned Chinese automaker SAIC on Friday said it has raised more than 8 billion yuan to work on new smart car models and technologies. .

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EV wars: US start-up Fisker hopes to crack Chinese market with Ocean SUV, a potential rival to Tesla s Model Y

Firm plans to open Shanghai showroom as early as December, as it joins foreign and domestic carmakers vying to take on Tesla in world’s largest electric car market.

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China s SemiDrive raises $139m in Series B+ to speed up auto chip adoption

SemiDrive plans to use the proceeds to focus on R&D efforts.

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SAIC, Alibaba-Backed Zhiji Auto Launches First EV Series on Time Despite Covid-19

SAIC, Alibaba-Backed Zhiji Auto Launches First EV Series on Time Despite Covid-19
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