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.
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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.
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.
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.