EV Industry

Jidu Auto, the carmaking arm of Chinese search engine and AI giant Baidu, has hired former Cadillac executive Frank Wu to lead its design studio.

Robin Zeng, 52, has a net wealth of $43.9 billion, according to the Forbes Real-Time Billionaires List, making his debut in the top 30.

Bringing their models to games is an occasion for car companies to expand user awareness. After Nio, another Chinese company has done so.

As a key component of new energy vehicles, IGBT is regarded as the core technology peak due to its difficult technology and large investment. Now, after BYD, another Chinese company is going to mass produce this product.

The team raises their 2025E NEV forecast from 6.6m to 8.3m units, representing about 35% penetration.

Chinese power battery maker Envision AESC will build a power battery factory in France with a total investment that may reach $2.9 billion, Bloomberg reported recently.

ByteDance, the owner of TikTok and its Chinese version Douyin, recently launched a logo called "Douyin Car" that sparked rumors that it might be involved in building cars.

It has a total installed capacity of 16 million kilowatts, second only to Three Gorges' 22.5 million kilowatts.

Good news for the global automotive industry hit by a global chip shortage.

"We're still debating and considering," said Peng, when asked about the time frame for a public share sale.