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Huawei s car-making partner Seres expects reduced 2023 losses, with M7 and M9 EVs paving road to profitability

Seres expects its losses for last year to fall between US$295 million and US$380 million, narrowing from US$535 million in 2022.

United statesRichard yu chengdongSokon industry groupShanghai listed chongqing sokon industry groupChangan automobileEntity listX7 suvChongqing sokon industry group

Huawei acquires Wenjie trademark

Huawei acquires Wenjie trademark
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Chery automobileKechuang huidai kemao co ltdSokon industry groupYongan shida kemao co ltdChina national intellectual property administrationChina national intellectual propertyChongqing sokon industry groupSmart selection

Luxury Chinese EV Brand Aito Slashes Pricing After Tesla s Huge Discounts

Premium Chinese car brand Aito cut prices a week after Tesla announced massive cuts in the world's biggest car market.

United statesSanta claraTrisha kae andradaShanghai stock exchangeSokon industry groupTech timesGetty imagesSouth china morning postModely long rangeChongqing sokon industry groupShanghai stockHozon auto

China Digest: Immotor snags $28m round; Shanghai-listed Sokon raises $1 1b

Immotor Technology has closed $28 million in a Series C round while Chongqing Sokon has raised billions of Chinese yuan through a private placement.

Daniel huangGf fund managementUtrust fundHyperchain technologyImmotor technologySokon industry groupPublic companyAlgorithm fundChongqing sokon industry groupSoutheast asianCompany limitedUone capitalSoutheast asiaHuawei technologiesNuode asset managementAsset management

EV Primus optimistic on outlook for electric vehicles

EV Primus Co, the distributor of China's second largest automaker DFSK (Dongfeng), expects a bustling electric vehicle (EV) industry in Thailand as more Chinese car companies enter the market following the launch of the government's EV incentive package.

United statesArkhom termpittayapaisithPitaya tanadamrongsakEv primus coSokon industry groupFinance minister arkhom termpittayapaisithChina thailand free trade agreementChongqing sokon industry group

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