Renault's CTO has visited China 20 times in three years, using its Shanghai research centre to cut vehicle development cycles and pressure European suppliers on cost.
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CATL announced on June 22 that it will partner with UK-based Octopus Energy to develop heavy truck battery-swapping infrastructure in Europe — the first time CATL has deployed this technology outside China.
Shanghai Yuanxin Satellite Technology filed a capital increase plan on June 22 seeking up to 150 billion yuan — reported by Caixin as approximately $2.2 billion, though the USD equivalent requires verification — from national funds, state banks, and local government vehicles.
A humanoid robotics startup founded in March 2026 closed three funding rounds and surpassed a 7 billion yuan valuation before its first 90 days were up. Every investor from the first round reinvested in the rounds that followed.