EV Industry

BMW, Daimler and Ford have all set up facilities in China to store data generated locally by their vehicles.

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.

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.

The new car is designed by a team headed by former Porsche designer Hakan Saracoglu and is expected to go on sale in the third quarter of this year.

CICC said the marginal improvements are expected to drive sales and earnings higher in the auto sector in the second half of the year.

China will start letting local cities apply to participate in a full-scale electrification pilot and study support policies in the hope that electrification of the public sector will boost private consumption.

New energy vehicle credit policy is a key weapon in China's push to transition the sector to electrification, forcing higher costs on slow movers and rewarding first movers.

WM Motor's consumer-facing products will be divided into the W series and M series in the future, with the former being SUVs and the latter sedans.

He said that many people say cars are a replacement for smartphones, which is nonsense.

While LiDAR is all the rage in the new energy vehicle market, it doesn't mean millimeter-wave radar is being left behind.