SunUp Fusion bags follow-on funds weeks after $100 million round
Those characteristics could allow future fusion plants to be deployed closer to cities, industrial parks and data centers.
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Geely exports top 100,000 vehicles in June for first time
Sales have now risen on both a monthly and annual basis for four consecutive months.
Hangzhou unveils China’s first AI startup guide for one-person companies
The release came one day after Hangzhou unveiled a three-year action plan to become China’s leading hub for AI-powered one-person companies.
Robot gearbox maker Laifual falls nearly 15% in Hong Kong debut
It is also one of only two domestic manufacturers to have achieved mass production and commercial deliveries of harmonic drives for humanoid robots.
Leapmotor June deliveries jump 95% YoY, cross 90,000-unit milestone
The June figure marked Leapmotor’s third consecutive monthly delivery record, following 71,387 vehicles in April and 81,569 in May.
Xinghe Fusion raises $122 million in record debut financing round
Unlike the better-known tokamak, a stellarator generates its magnetic field entirely through complex external three-dimensional coils.
Insurer PICC launches China’s first R&D flight insurance for drone
The launch comes as Chinese developers accelerate work on drones, eVTOL aircraft and other next-generation aircraft.
Satellite developer Puxing Space secures angel+, pre-Series A funding
The fundraising comes as China’s commercial space industry shifts from policy support toward large-scale deployment.
Nanjing University backs Jiangsu’s first uni-funded tech transfer VC fund
The initiative marks the first time Nanjing University has directly contributed capital to a market-oriented venture fund.
Tsinghua-backed Discover Robotics raises over $100M in angel round
The company focuses on integrating AI with robotics and is leveraging Wuxi’s advanced manufacturing ecosystem to accelerate commercialization.