According to CarNewsChina , the company’s automotive division called “Project Starry Sky” once employed over 1,000 people, but now only a handful legal and HR staffers remain, charged with winding down the operation. In a statement, Dreame said it “recently adjusted certain operations that were in the exploratory phase,” and that going forward, it would focus on four key business areas: “smart home, outdoor/garden, smart mobility, and embodied AI.” (A spokesperson for the company didn’t respond to a request for comment.)
The news comes after China’s government issued new rules aimed at tightening oversight of the $3.4 trillion private fund…
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