EV Industry
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Chinese MCU maker Runjet raises prices by 5%-20%
In the midst of a global chip shortage, the price of MCU (microcontroller unit), an important component in automobiles, continues to rise.
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Jidu Auto, Baidu's car-making arm, will price its first model at over $31,400
The company's first car will be unveiled at the 2022 Beijing auto show. Optimistically, reservations could be made available within the next year.
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Auto chip shortage expected to ease as Renesas plant set to return to full capacity by mid-June
Renesas holds nearly one-third of the global market share for automotive microcontroller chips, and the March fire hit global automotive production hard.
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Allowing couples to have three children seen as good for China's 7-seat car market
"This policy is a major boon to the car market and will help the 7-seater market grow."
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Geely reportedly partners with appliance giant Haier to sell its high-end EVs in latter's stores
Haier and Geely are in talks to make the Zeekr 001, the first model of the latter's premium electric car brand Zeekr, available in Haier's retail stores.
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Swiss charger maker sets up subsidiary in Hangzhou to expand its footprint in China
The rapid growth of China's electric vehicle industry has opened up opportunities for many foreign companies.
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Lenovo resists temptation as group of Chinese firms jump on car-making bandwagon
Lenovo is determined not to build cars and will put limited resources and energy on the track that has been clearly defined.
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Global automakers set up data facilities in China to meet compliance requirements
BMW, Daimler and Ford have all set up facilities in China to store data generated locally by their vehicles.
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China's NEV sales exceed 700,000 units from January-April
The production of new energy vehicles was 750,000 units, up 2.6 times year-on-year, and sales were 732,000 units, up 2.5 times year-on-year.
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China has added 21,000 charging pile-related firms this year
New energy vehicles are one of the hottest topics in China right now, and in addition to Internet companies jumping on the car-making bandwagon, the number of companies providing infrastructure is also growing rapidly.
