On 9 September, at the Inclusion Bund Summit, Hangzhou Laimeng Technology said it had closed a tens-of-millions-yuan angel round for its AI robot, with Fashion Media Group and Hongyi Asset Management co-leading. Fashion Media Group, founded in 1993 with brands across apparel and jewellery, is making its first bet in AI robotics. On 25 September … Read more
Robot Forward reported on 9 September that Suzhou maglev company Zongwei Technology has closed a RMB 200 million Pre-C-plus-plus round, led by Matrix Partners China, with Shunwei Capital, BlueRun Ventures and Shengbao Capital following as existing shareholders. Zongwei Technology sTrak intelligent maglev transport platform. (Source: Zhidx) Founded in 2020, Zongwei says it has landed more … Read more
On 2 September, the new Li Auto MEGA launched with a single MEGA Home version priced at 509,800 yuan, with deliveries starting within the week. The new model keeps a 108 kWh ternary-lithium 5C super-charging battery, front and rear dual-motor all-wheel drive and a CLTC pure-electric range of 710 kilometres. On a 5C charger, ten … Read more
In the first half of 2026, large AI-industry financings landed thick and fast across the globe. By Zhidx’s tally, there were 165 domestic-or-over-100-million-yuan AI financing events worldwide in the half, totalling about 2.7 trillion yuan. China and the United States led: China had 77 such events, the most of any country, at about 126.3 billion … Read more
On 5 August, SAIC Motor and General Motors signed a renewal in Shanghai that extends SAIC-GM to 2047, another 20 years. It is a symbolic number. Since its 1997 founding, SAIC-GM has run nearly three decades. As China’s industry moves from combustion to electrification and intelligence, the two sides chose to renew now, which raises … Read more
Robot Forward reported on 9 September that Beijing Physical-AI data-base company WuWen ZhiKe has closed a Series A of several hundred million yuan. The round was led by Hongtai Fund, with Hongshan Capital, Zhongdian Shurong and Lion City Capital following, and existing shareholders Bridge Capital, Lihe Financial, Lihe Zhongke and Chengkai Lingcheng oversubscribing; Shneng Capital … Read more
Funding heat in embodied intelligence shows no sign of cooling. Gasgoo Embodied counts 56 disclosed financing events in China’s embodied-robotics and core-component space in August. The largest single round came from XPeng’s robot unit at more than US$900 million, a record for a single private equity round in China’s embodied-intelligence sector. Sharpa disclosed its first … Read more
In the first half of 2026, China’s car market moved through pressure and change at once. Domestic passenger-car registrations fell about 20 per cent year on year, even as close to 500 new models launched. With supply and demand out of step, a new car’s hot-selling window shrank sharply, and the average industry profit margin … Read more
Robot Forward reported on 9 September that at the JDD 2026 JD Global Technology Explorer Conference, JD pointed the next decade of AI at the physical world. Cao Peng, chairman of JD’s technology committee and president of JD Cloud, said the smart economy will migrate from the digital world to the physical world over the … Read more
Xiaoyu Zhizao (Xiaoyu Intelligent) has closed a several-hundred-million-yuan round, its third of 2026, with Blooming Star, Singapore’s Kamet Capital and Guoke Yingfeng Fund among the investors, Gasgoo Embodied has learned. The round follows a several-hundred-million-yuan B round in February led by Huaye Tiancheng and a several-hundred-million-yuan B+ round in May backed by BAIC Capital, Fosun … Read more