The Automobile Association of China refutes the rumor that the policy of automobile going to the countryside is expected to be introduced in early June

The Melancholic Saga of Xiaomi in India

In January 2024, Xiaomi unveiled the Redmi Note 13 5G series in India, achieving an outstanding sales feat of nearly CNY 900 million within a mere two days. Expressing gratitude on Twitter, Xiaomi India thanked its consumers, hailing the series as "super smartphones that redefine excellence." The commitment echoed the promise to persist in delivering innovation and premium products to the Indian market.

Automotive Parts Company UTAS-NOVA to Establish Factory in Mexico

On April 11, 2024, EqualOcean learned that the Chinese automotive parts company, UTAS-NOVA(常诚车业), will invest over USD 36.3 million to establish a factory in Aguascalientes, Mexico. With the establishment of this factory, the state will create 220 job opportunities, focusing on the manufacturing of automotive lighting systems.

Haier Biomedical 'Smart Blood City Network' Lands in Brazil

Brazil, as the largest country and economy in South America, faces numerous challenges brought about by an aging population. With the country's economy continuing to grow, healthcare issues are receiving increasing attention, and the demand for medical services is rising year by year.

D3 Bio Completes A+ Round Financing, Accelerates Development of Product Pipeline

EqualOcean has learned that on April 8, 2024, D3 Bio(德昇济医药), a biotechnology company focused on the development and commercialization of innovative cancer and immune precision therapies, announced the successful completion of its A+ round financing led by Medicxi, a prominent European life sciences investment firm. The financing amounted to USD 62 million, with existing investor, Matrix Partners(经纬创投), also participating.

Sharp Increase in Automobile Imports to Brazil in Q1

EqualOcean has learned that in the first quarter of 2024, the import of automobiles to Brazil saw a significant increase, mainly driven by a large number of electric vehicles from China.