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.

Sinopec Capital makes maiden investment in EV charging station sector

Sinopec Capital, the venture capital arm of China’s petrol conglomerate recently made its maiden foray into the electric vehicle (EV) charging station domain by investing in Xi'an LinkCharging New Energy Technology Co., Ltd. This strategic investment marks the capital firm's inaugural venture into the EV charging station industry.

Photo credit: Sinopec

JAC Group sees 18.4% YoY jump in 2023 annual sales volume

JAC Group today disclosed its sales performance for 2023, with an annual sales volume reaching 592,499 units, which jumped 18.4% year on year.

Dongfeng eπ 007 to start pre-sale on Jan. 16

Scheduled for pre-sale commencement on January 16, 2024, the Dongfeng eπ 007 is set to hit the market in the first quarter of 2024. Positioned as a mid-to-large-sized sedan, this vehicle boasts two power options, an extended-range version and a pure electric variant.

Chinese LiDAR solution provider RoboSense starts trading on HKEX

The Chinese provider of LiDAR and perception systems, RoboSense, commenced trading on the Hong Kong Stock Exchange's main board on January 5 under the code "2498."

Honda Motor’s China retail sales drop 10.1% YoY in 2023

Honda Motor reported on Jan. 4 a retail sales volume of 165,798 vehicles for its China market for the month of Dec. 2023, which jumped 19.7% year on year and also leapt 55.5% month on month.

High-speed transmission solution provider Velink Tech closes Series B funding

Velink Tech, a Suzhou-based high-speed transmission solution provider, recently concluded its Series B funding, amassing over a hundred million yuan.

4D millimeter-wave radar developer Milliverse closes Pre-A funding round

In January 2024, Milliverse, a Suzhou-based developer of 4D high-resolution millimeter-wave radar, concluded its Pre-A funding round led by Xinke Capital, which raised for the company dozens of millions of yuan.

FAW-Volkswagen sells over 1.91 million vehicles in 2023

On January 4, FAW-Volkswagen released its 2023 sales report, showcasing cumulative sales figures of 1,910,205 units throughout the year (including imported Audi vehicles), marking a 4.8% year-on-year rise.

SERES Group, Huawei Digital Power ally on comprehensive NEV development

On January 4, Chinese automaker SERES Group and Huawei Digital Power officially sealed a comprehensive strategic cooperation agreement to co-boost the development of new energy vehicles.