EV Industry

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.

This is Luminar's first strategic partnership with an autonomous driving company in China.

Geely's sales of all cars in April were 100,331 units, down 5 percent from a year ago and up 0.3 percent from March.

With the rapid development of China's new energy vehicle market, none of the tech giants seems to want to lag behind, with the e-commerce platform JD.com becoming the latest.

Starting May 2, Apollo driverless Robotaxi officially opened for regular commercial operation, and the public can begin experiencing the world's first fully driverless cab service.