EV Industry

As more consumers turn to electric vehicles, the number of fires associated with them is growing in tandem.

Evergrande Auto began winter testing of the first mass-produced vehicle, Hengchi 1, in the cold environment of Inner Mongolia on Feb. 3 this year.

The brand will be user-led and user-operated, with user consensus defining the brand culture, and even the brand name "G Family" comes from the contributions of users.

Horizon Robotics is currently working with advisers to prepare for a share sale and a listing could happen as early as the end of the year.

Passenger car sales rose 6 percent in May from a year earlier, while commercial vehicle sales fell 8.8 percent from a year earlier.

This is one of the first investments made by a Xiaomi-backed fund in the smart vehicle industry chain since the smartphone giant officially announced its entry into the car-making field on March 30.

In the midst of a global chip shortage, the price of MCU (microcontroller unit), an important component in automobiles, continues to rise.

The company's first car will be unveiled at the 2022 Beijing auto show. Optimistically, reservations could be made available within the next year.

Renesas holds nearly one-third of the global market share for automotive microcontroller chips, and the March fire hit global automotive production hard.

"This policy is a major boon to the car market and will help the 7-seater market grow."