Enovate ME5 with extended-range technology launched, priced from $23,200
The Enovate ME5, a compact SUV with extended-range technology, was launched on July 13, with two versions priced at 149,900 RMB ($23,200) and 159,900 RMB respectively.
CATL signs deal with Chinese city to establish another headquarters
In addition to the new headquarters, CATL will also work with Yibin to build a production base, an industrial ecosystem, an international training center, a new energy academy and a new energy industry fund.
Half of Tesla's sales in China come from cities with restrictions on car purchases
Tesla Model 3 sales in China in June were 45.7 percent from cities with restrictions on car purchases, and for the Model Y, that ratio was 52.2 percent, according to a July 15 report from Essence Securities.
Filing reveals range information for Xpeng P5
Xpeng Motors' upcoming P5 model includes at least three range versions, according to the company's filing with the Ministry of Industry and Information Technology (MIIT).
Alibaba-backed connected car firm Banma gets $464 million capital increase
Banma, the connected car company backed by Alibaba, announced on July 14 that it has completed an RMB 3 billion ($464 million) capital increase from its existing shareholders.
Baidu wins $15.3 million Chongqing smart transportation pilot project
Baidu has won an RMB 98.8 million ($15.3 million) bid for the first phase of a smart transportation pilot project in the Yongchuan District in southwest China's Chongqing.
Nio says users have driven 200 million kilometers with Nio Pilot
Nio users have driven more than 200 million kilometers with Nio Pilot, the electric car company's automated assisted driving system.
Citi gives Xpeng's H shares Buy rating and HK$207.5 price target
Xpeng closed down 3.21 percent to HK$151 in Hong Kong on Wednesday, more than 8 percent below its offering price of HK$165. Citi's target price implies a 37 percent upside.
Chinese AI firm SenseTime launches new brand to provide smart car solutions
Chinese AI company SenseTime unveiled its smart car solutions brand SenseAuto at the recent 2021 World Artificial Intelligence Conference.
Cambricon says it's designing smart driving chip with over 200 TOPS of computing power
While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.