EV Industry

SemiDrive develops high-performance automotive-grade chips covering smart cockpits, central gateways, autonomous driving, and highly reliable MCUs. It closed an RMB 500 million Series A investment in May 2020.

Chinese AI company SenseTime recently said that its smart car solution brand SenseAuto has solved the challenges facing smart driving at night, "making the night less dark."

By the end of the year, China's installed power generation capacity will be 2.37 billion kilowatts, up 7.7 percent year-over-year, the report said.

The unit price of new energy credits in China has risen from RMB 300-500 initially to RMB 2,500-3,000, according to a previous research report by Industrial Securities.

Tesla is the most popular EV brand among Beijing residents, followed by BYD, BJEV, and Nio, according to insurance registration data from January to June.

China's hottest-selling EV, the Wuling Hongguang Mini EV, is coming to Spain for about 9,000 euros ($10,590), according to Entrepreneur.com. The model starts at RMB 28,800 ($4,450) in China.

CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.

Tesla CEO Elon Musk recently said the company plans to open its Supercharger network to other electric vehicles (EVs) later this year. In the eyes of analysts, the move is expected to significantly boost the company's revenue.

Chinese appliance maker Skyworth announced on Thursday that its first model, the midsize SUV Skyworth ET5, will go on sale on July 27.

With the rapid development of the new energy vehicle industry, the energy storage industry is also receiving policy support.