Xpeng, Nio most popular NEV brands in China's used car market, says report
Tesla, WM Motor, and BAIC BJEV were ranked 3 to 5 respectively.
Baidu aims to bring cutting-edge AI technology to auto market in first place, CEO says
Baidu has been developing self-driving technology since 2013, and Jidu Auto, which was announced in January this year, carries Baidu's car-making plans, Baidu CEO Robin Li said Wednesday.
China's retail sales of new energy passenger vehicles reached 223,000 units in June, up about 170% from a year earlier
Wholesale sales of new energy passenger vehicles in China reached 227,000 units in June, up 14.7 percent from May and 165.7 percent year-over-year.
Xpeng establishes car sales company in Sanya
Xpeng Motors established a new car sales company in Sanya, Hainan Province, southern China, on July 7, with registered capital of RMB 10 million ($1.55 million), according to data provider Qichacha.
Dongfeng Motor's IGBT module goes into production
As the "CPU" in new energy vehicles, IGBT is regarded as the core technology peak of new energy vehicles due to its difficult technology and a large investment.
Baidu expects to launch car that looks more like robot in 2-3 years, CEO says
"We feel that smart cars will be more like smart robots in the future, or vice versa, which means that the mainstream direction of robots in the future will be more like a smart car."
Pony.ai to open Robotaxi service in Shanghai
Chinese self-driving company Pony.ai announced Wednesday the launch of its Robotaxi service in Shanghai, covering a major urban section of the Jiading district in the northwest of the city.
Xpeng reportedly has decided on site for Wuhan production facility
The site for Xpeng's production base in Wuhan was confirmed in late June when it bought an industrial site in Wuhan Economic and Technological Development Zone for RMB 212.51 million ($32.9 million).
Tesla begins using locally produced motors in models built in China
Tesla wants to use as many local parts in China as possible to reduce costs. Now, motors, one of the most critical components of electric vehicles, are also being supplied locally.
Xpeng CEO expects China's NEV penetration to reach 30% by 2025
China's NEV penetration could reach 30 percent by 2025, and even 60 percent in first-tier cities where there are restrictions on car purchases, he said.