The Hangzhou-based AI company raised approximately CNY 50–51 billion from four major Chinese corporations and its own founder, reaching a post-investment valuation of nearly CNY 400 billion (USD 59.2 billion).
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BMW is said to be withdrawing the i3, i5, and iX1 from its China lineup simultaneously in July , ending production of all three models built on combustion-derived platforms. The exit is framed as preparation for the Neue Klasse era, BMW's forthcoming purpose-built battery-electric architecture.
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