With ZXZC Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Daimler Greater China Ltd. renamed as Mercedes-Benz (China) Investment Co. Ltd.

Daimler Greater China Ltd. has officially been renamed as Mercedes-Benz (China) Investment Co. Ltd. The company, with a registered capital of approximately $503 million, was established in January 2001.

Photo credit: Mercedes-Benz

smart to expand sales network to over 200 stores in China by 2023

smart disclosed that it has so far opened 154 offline stores in over 40 cities in China. In a bid to expand its service coverage in the country, smart plans to cumulatively establish more than 200 stores in over 60 first-tier, up-rising first-tier, and second-tier cities in China. The electric vehicle maker will inaugurate its smart brand global training center and aftersales service brand by the end of 2023. 

Haima Automobile plans to invest 100 million yuan in auto startup IT BOX

On March 23, Haima Automobile announced its plan to invest 100 million yuan in the Beijing-based new energy ride-sharing vehicle startup, IT BOX, as it is upbeat about the prospect of smart mobility industry.

Huawei to unveil advanced intelligent driving versions of M5, M5 EV in April

Huawei announced at its Spring Flagship New Product Launch 2023 on March 23 that the advanced intelligent driving versions of the AITO M5 and M5 EV models will be released in April.

Autonomous driving tech firm UISEE closes C-round financing

Chinese autonomous driving solution provider UISEE announced the completion of its C-round financing, which raised for the company hundreds of millions of yuan.