The country’s ultra competitive EV market has about 100 manufacturers churning out pure-electric and plug-in hybrid models, down from around 500 in 2019

Troubled Chinese EV startup was once seen as a rival of Nio and XPeng and was valued at $5.7 billion with backing from Baidu and Tencent

Trouble electric-vehicle maker is also looking for investors after it ran out of money last year and suspended factories in Zhejiang and Hubei provinces

A number of sellers of the startup’s electric vehicles have halted operations, with the company blaming supply chain disruptions

Electric car company is following in the footsteps of its larger hometown peers

WM Motor taps market for cash as sales speed ahead, Abogen raises $3 million for mRNA Covid-19 jab

China’s top diplomat meets with U.S. National Security Advisor in Switzerland. Hong Kong plans to develop an area to ease its housing market and promote the integration with Shenzhen

Two Hong Kong-listed companies led the loss-making firm’s recent funding round

The round for WM Motor, thought to be the biggest ever for a Chinese electric car firm, was led by state-owned SAIC Motor and included a hodgepodge of state-backed funds

Smaller player Dearcc says it has sold 2,000 of its first model

Company says it has now raised $1.8 billion, will release first vehicle