EV Industry

The electric vehicle sector in China is no doubt getting more interesting by the day.

After reports a month ago that it had launched a car-making project, Xiaomi eco-chain company Roborock seems to be on the move.

The output of new energy vehicles was 229,000 units, up 175.9% from a year ago.

Competition in the LiDAR space is fierce, with both traditional car companies and tech companies entering the market in various ways.

With this move, Evergrande Auto's top 20 shareholders' shareholding dropped below 90 percent, satisfying the necessary conditions to allow it to enter the Shanghai-Hong Kong Stock Connect.

As China's smart car industry grows rapidly, regulation is actively following it up.

The CAAM said that the tight supply of components, including chips, will continue to affect the production pace of car companies, which are expected to be affected more in the second quarter than in the first quarter.

The People's Daily said that at this year's Shanghai auto show, for the first time, smart electric cars are no longer just a concept, but perceptible mass-produced products.

Wholesale sales of new energy passenger vehicles stood at 184,000 units in April, down 8.7 percent from March and up 214.2 percent year-on-year.

The HiPhi X starting at RMB 570,000 for the six-seat version and up to RMB 800,000 ($124,500) for the four-seat version.