China Auto Daily丨 Avatr Secures Over 11 Billion Yuan in Series C Financing

Avatr Secures Over 11 Billion Yuan in Series C Financing

On December 17th, news emerged that Avatr Technology, a joint venture by Changan, Huawei, and Contemporary Amperex Technology Co., Limited (CATL), will secure over 11 billion yuan in Series C financing. On November 19th, Avatr's capital increase project was listed on the Shanghai Property Exchange, with the project listing period ending on December 16th. According to the announcement, the qualifications for investors in Avatr's capital increase project include: a single intended investor's proposed total investment of no less than 200 million yuan; a consortium of investors with no more than three members and a combined contribution of no less than 200 million yuan. This round of financing will accelerate the development of Avatr's current operations and the continuous building of its future new luxury core competitiveness.

XPENG Announces Patent Related to Humanoid Robots

On December 17th, intellectual property information from Tianyancha.com showed that Guangzhou XPENG Motors Technology Co., Ltd. applied for a patent on "Leg Structure and Humanoid Robot," which has been published. The abstract and description indicate that the leg structure of a humanoid robot, to achieve joint bending, typically installs the joint's drive components at the corresponding joint positions, leading to an increase in the inertia of the leg structure. This requires more energy to accelerate or decelerate during leg movements, potentially affecting the robot's overall performance, such as slow response speed and poor dynamic stability. However, this invention reduces the inertia of the leg structure, allowing for faster response speeds during corresponding movements and enhancing the dynamic stability of humanoid robots.

Geely Establishes Shanju Battery Company in Zhejiang with a Registered Capital of 50 Million Yuan

On December 17th, Tianyancha.com showed that Zhejiang Shanju Battery Co., Ltd. was established with a registered capital of 50 million yuan. Its business scope includes the development of emerging energy technology, operation of electric vehicle charging infrastructure, centralized fast charging stations, motor vehicle charging sales, charging pile sales, sales of new energy vehicle electrical accessories, internet data services, big data services, and artificial intelligence application software development. The website shows that the company is jointly held by Zhejiang Jirun Automobile Co., Ltd. and its subsidiary Zhejiang Geely Auto Parts Industry Co., Ltd.

Insiders: Huawei's Car BU is Expected to Merge with Yinwang on January 1, 2025

On December 17th, reporters learned from multiple insiders that Huawei's Car Business Unit (BU) is expected to merge with Yinwang on January 1, 2025, with a scale reaching several thousand people. Currently, Changan Automobile and Seres each purchased 10% of the equity in Yinwang held by Huawei for 11.5 billion yuan. It is reported that Huawei's Car BU is in a period of rapid business growth, and future contracts will appear in the form of Yinwang.

Chery Fulwin A8L Launched, Starting at 109,900 Yuan

On December 17th, Chery Fulwin A8L was officially launched, with a price range of 109,900 to 149,900 yuan. This time, Fulwin A8L adopted a combination of collision testing and new car launch in the laboratory, allowing consumers to understand the price while experiencing the vehicle's safety performance for the first time. Positioned as a compact plug-in hybrid sedan, Fulwin A8L is equipped with a plug-in hybrid system composed of a 1.5T engine and an electric motor, with a fuel consumption of 4.2 liters per 100 kilometers when the battery is depleted, and a comprehensive range of up to 2000 kilometers, competing directly with BYD Qin PLUS.