EV Industry

Jidu Auto CEO Xia Yiping said the company's products are planned in "series" with a new car launched every 1-1.5 years. "Based on such a speed and investment, it is expected to invest 50 billion yuan in the next five years."

The cumulative number of hydrogen fuel cell vehicles in China has exceeded 7,000, Chinese official media the People's Daily said on April 21.

Li Yinan is building a car, but just hasn't declared it because he's keeping a low profile, the report said.

In today's China, whether to jump on the car-making bandwagon seems to be a choice every powerful tech company has to make.

Its pre-sale price starts at RMB 29,800 ($4,588), not far off the Wuling Hongguang Mini EV's starting price of RMB 28,800.

An impressive test ride experience.

The vehicle is the first production model in China with L4 driverless capability, equipped with Baidu Apollo's unmanned autonomous parking system AVP, and is also the first vehicle in China to apply SOA (service-oriented architecture).

DJI Automotive, a subsidiary of Drone maker DJI, has started working with car companies, and mass-produced cars equipped with DJI's intelligent driving system will be released as soon as this year.

"Range anxiety" is seen as a major factor holding back the development of the electric vehicle industry, but in the opinion of CATL, China's largest power battery supplier, it's a false proposition.

For Ofilm, a camera supplier that relies heavily on Apple, being kicked out of the iPhone maker's supply chain would mean a major blow. But now it sees a new opportunity in China's budding smart car market.