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Sunday, February 16, 2025

Tea shop gutted in...

A tea shop located on the Tiruchengode New Bus Stand road was...

Bank Of Maharashtra Gets...

New Delhi: Government-owned Bank of Maharashtra announced on Sunday that it has...

Asking Eric: Movement disorder...

Dear Eric: I am a young adult with a movement disorder similar...

Elon Musk takes break...

Elon Musk is taking a break from X having broken his silence after a...
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Changan, CATL, and Huawei-backed EV startup raises $410 million despite sluggish sales · TechNode


Chinese EV brand Avatr has closed an RMB 3 billion ($410 million) round of funding from existing shareholders including automaker Changan and new investors such as the Bank of Communications, the firm said on Wednesday. The funding comes despite months of lackluster sales of Avatr’s first model. The Series B fundraising round gives the EV maker, set up jointly by Changan, battery maker CATL, and tech giant Huawei, a valuation of nearly RMB 20 billion, with the proceeds to be invested in accelerating vehicle development and expanding its production and sales network. Chongqing-headquartered Avatr delivered 10,755 units of its Avatr 11 electric crossover from January to June after delivery began in late December, according to figures released by the China Automobile Dealers Association. Featuring Huawei’s advanced driver assistance system, the Avatr 11 comes with a starting price of RMB 319,900. The firm plans to launch its second model later this year, which will be a medium-to-large-sized all-electric sedan. [Avatr announcement, in Chinese]

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Tea shop gutted in LPG cylinder explosion in Namakkal

A tea shop located on the Tiruchengode New Bus Stand road was gutted in an LPG cylinder explosion on Sunday morning. The shop was run by Kavikannan (35) of Kandampalayam near Tiruchengode. Firefighters rushed to the spot and...

Bank Of Maharashtra Gets RBI Go-Ahead To Set Up Branch In GIFT City

New Delhi: Government-owned Bank of Maharashtra announced on Sunday that it has received the RBI's approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gujarat. The branch will be the Bank...

Asking Eric: Movement disorder may give strangers the wrong idea

Dear Eric: I am a young adult with a movement disorder similar to Parkinson’s. It causes uncontrollable, violent, jerky, muscle movements, called dyskinesias, in nearly every part of my body. These dyskinesias resemble the effects of illicit substances...