Industry News
China's auto market to open further to foreign investment as new rules set to go into effect in Jan
For more than two decades previously, China has had strict restrictions on the share ratios of Chinese and foreign joint ventures in automobiles.
Chinese drone maker DJI says its automotive team nears 1,000 people
Volkswagen China is working with DJI to develop advanced assisted driving features, according to the China Securities Journal.
Baidu CEO says Jidu's first robot car will be delivered in 2023
Jidu will unveil its first concept robot car in the first half of 2022, with mass production and delivery in 2023.
IM Motors sees 200 Beta units of its first model, the L7, roll off line
By the end of February 2022, IM L7 test cars will begin to be available in sales stores, and interested consumers will be able to take a test drive in early March.
Ford finally starts delivering Mustang Mach-E in China after long wait drove away some potential buyers
Ford delivered the first Mustang Mach-E vehicles on December 26 to owners who reserved the model at the Shanghai Auto Show in late April.
Evergrande sees first trial vehicle roll off production line
A Hengchi 5 trial production vehicle has rolled off the line, marking an important development in Evergrande's car-making business.
Chinese securities regulator drafts rules to facilitate offshore listings of local companies
China will keep its offshore financing channels open and provide clear, transparent and actionable rules for companies to list abroad, the CSRC said.
Audi-FAW EV venture in China reportedly to start plant construction in Q1 next year
The project will introduce the PPE EV platform developed by Audi in cooperation with Porsche, with the first model to go into production in 2024.
Self-driving startup Pony.ai signs deal with FAW to co-develop Robotaxi models
Pony.ai will work with FAW to build a fleet of self-driving demonstration operations and collaborate on commercial operations in Guangzhou, Beijing, Shanghai, Changchun and Nanjing.
WM Motor suffers another EV fire, third this week
For the past three days, there has been one fire each day for WM Motor's EX5 model.