China Tech Digest: XPeng Motors’ Ecological Chain Firm Launches First Smart Robot Horse; TSMC Plans To Build Six 7nm Technology Factories


XPeng Motors’ ecological chain firm launches first smart robot horse

XPeng Motors recently announced its new ecological chain member Pengxing Intelligence and launched the first smart robot horse. According to the official introduction, Pengxing Intelligence is one of the earliest Chinese teams focusing on research and development of foot-type robots. This smart robotic horse incorporates the intelligent driving technology developed by XPeng Motors, making it the world’s first ridable intelligent robotic horse.

TSMC plans to build six 7nm technology factories

According to source from supply chain, TSMC continues to expand its investment in Taiwan. It plans to start in Kaohsiung with 7nm process and initially plans to build six factories there. Industry insiders estimate that the total investment will be as high as hundreds of billions of New Taiwan dollars, and it will start in 2023 at the earliest. In this regard, TSMC emphasizes that everything is based on the company’s announcements.

CATL, EVE Energy and others share BMW’s €20 billion battery order

BMW AG’s chairman Oliver Zipse disclosed that the company now has a battery order worth more than €20 billion (approximately US$23.8 billion), which is higher than the previous €12 billion, and will complete the delivery of the 10 millionth pure electric vehicle in the next ten years. It is understood that BMW’s increased battery orders are mainly shared by China’s CATL and EVE Energy, South Korea’s Samsung SDI and Sweden’s Northvolt AB.

Former dean of Geely Research Institute joins Shunwei Capital

Hu Zhengnan, former dean of Geely Research Institute, recently joined Shunwei Capital, focusing on the ecological field of smart car technology.

Ride-hailing firm Caocao Zhuanche secures RMB3.8 billion mega financing round

Caocao Zhuanche announced the completion of a RMB3.8 billion mega series B round. The latest round is not only the first equity investment secured by a Chinese ride-hailing company this year, but also the largest single financing round in the ride-hailing sector since 2020. Gong Xin, CEO of Caocao Zhuanche, said that the series B round financing will help the company intensify their efforts in technology R&D, business expansion, service quality improvement, and driver group protection.

Sequoia, Eight Roads co-lead series A round in AI+ biomedical firm Silexon

AI-based biomedical service provider Silexon has completed a RMB100 million series A round, co-led by Sequoia Capital China and Eight Roads, participated from MSA Capital and Quan Capital. After this round of financing, Silexon will further improve the optimization and deployment of existing AI+ innovative biomedicine platform, and create new AI models in more application scenarios to reshape the drug development process.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

RELATED NEWS



LEAVE A REPLY