EV Industry

As China's new energy vehicle industry grows rapidly, talent shortages are increasingly in focus.

The shortage of chips will lead to a reduction in global auto production of 6.3 million to 7.1 million units this year, with a possible reduction of 2.1 million units in the third quarter alone, IHS Markit said.

The impact of the chip shortage on China's auto industry will continue into next spring due to the Covid-19 outbreak in Malaysia, China Securities Journal said on August 20, citing industry sources.

After a public comment period that began in mid-May, China on Friday officially released regulations on automotive data security management, which will come into effect on October 1.

Nio Capital, the venture capital business of Nio, first invested in NewLink in 2019 and has participated in a total of three of its financings.

"The invention provides a safe and comfortable method of parking for autonomous driving control," the patent abstract states.

Chinese cities are encouraged to create more convenience for new energy vehicles in scenarios including charging, traffic access, and parking, said Gao Feng, a spokesman for the Ministry of Commerce, on Thursday.

Tencent has disclosed a patent involving vehicle communication that is expected to facilitate contact between unfamiliar car owners.

The funding will be used to land vehicle-road-cloud integrated product solutions in port transportation and urban feeder scenarios.