On 14 September, GAC Group said it had signed a letter of intent with China FAW to buy part of a vehicle joint-venture stake held by FAW through a share issue, with matching funding. In practice FAW injects a JV asset and becomes GAC’s second-largest shareholder, in what both sides call a major reorganisation that … Read more
On 15 September, Huawei’s Harmony Intelligent Mobility Alliance and its partner Seres confirmed a rewrite of how the AITO brand is run. Product definition, design, brand marketing, retail and service for AITO now sit with Seres, while Huawei’s terminal unit stays in an enabling role. AITO remains inside the alliance, and every existing owner’s rights … Read more
The first half of 2026 was a punishing stretch for China’s car market. Domestic passenger-car registrations fell about 20 per cent year on year even as nearly 500 new models launched, squeezing the industry’s average profit margin to 1.5 per cent. As NIO co-founder and president Qin Lihong puts it, a maker selling a 200,000-yuan … Read more
Tesla’s Optimus production is moving from plan to numbers. Supply-chain sources say Tesla recently issued a new order of about 5,000 units, its first thousand-scale mass-production order after earlier trial batches of a few hundred. Combined with prior plans, this year’s delivery floor sits around 15,000 units. More importantly, a supplier audit lands in China … Read more
MirrorMe Technology recently launched the VIVA dexterous hand and achieved the world’s first real-time human-robot four-hand piano duet, marking the VIVA times CADA milestone. The robot no longer merely plays accurately but plays well, moving from preset motions to a performing partner with artistic expression and creative ability. On naming, MirrorMe says VIVA comes from … Read more
Qianjue Robotics, a tactile-intelligence company, has closed two consecutive rounds worth several hundred million yuan. The latest included BlueRun Ventures, CICC-affiliated funds and Jingya Capital. An earlier round drew top embodied-AI industry players, Tianji Capital and Jide Electric, and its shareholder list now spans Hillhouse, Yuanhe Origin and Futon Capital plus industrial leaders Li Auto, … Read more
Suzhou Woshi Digital Technology says it has closed multiple rounds of financing over the past year. The investors include Sinochem Capital, Haihui Capital, Yiwen Capital, Suzhou Venture Capital, Suzhou New District, Yuanqiao Assets, Hangxin Capital and Demei Chemical, a mix of industrial and financial backers. The proceeds go to iterating its full-stack AI Scientist models, … Read more
On 17 September D-Robotics, also known as D-Robot and spun out of Horizon Robotics, closed a 400 million dollar Series C. Mirae Asset led the round, with Meituan Strategic Investment, Hefei State Investment, Nanshan Strategic Emerging Industry Investment, Jingquan Capital and Cathay Capital among the followers, while more than twenty existing backers including Hillhouse, 5Y … Read more
SOG Computing, an AI-for-materials company, has closed a tens-of-millions-yuan angel round. Fosun Capital led the round, with the Nantong state AI fund, Yunqi Partners and Zhongying Venture Capital following and Zi Zhu Science Park reinvesting. The funds go to its automated materials R&D pipeline, laboratory build-out, team expansion and pushing domestic high-end materials toward self-reliance. … Read more
Hangzhou Puxi Guangjing Semiconductor has closed a several-hundred-million-yuan Series C, 36Kr has learned. The round drew ten new state-owned and industrial-capital backers, among them Zhejiang Jiahe Changyue, Chengdu Innovation Venture Capital, the Shanghai Semiconductor Equipment and Materials Industry Investment Fund, Shandong Caijin and Guizhou Guochuang. The proceeds will fund the next generation of gallium-oxide power … Read more