EV Industry

Self-service charging stations should use technologies that include intelligent, integrated charging and parking to address the problem of non-charging vehicles and completed charging vehicles occupying charging spaces.

Bitauto, founded by William Li of Nio, said on Thursday that it will build a data-driven intelligent new energy car, and the new car launch will be broadcast live at 19:30 Beijing time on Thursday.

Chinese vehicle manufacturers cut production by 5 to 8 percent in the first two months of the year due to chip shortages, a Chinese official said recently.

Huawei has built more than 30 intelligent car components that will soon be available, the company said in its annual report released on March 31.

A previously departed Nio executive said he was approached by the Xiaomi team after the Chinese Lunar New Year this year to talk about building cars and asked for recommendations.

Siengine Technology, a joint venture between ECARX and ARM China, will start supplying new chip products by the end of next year or early 2023, with TSMC in charge of chip manufacturing.

The global auto production cut is expected to be more than 2 million vehicles in 2021.

The company's initial investment will be 10 billion yuan ($1.5 billion), with an expected investment of $10 billion over the next 10 years.

An electric car may become an energy storage device for the power system, and if thousands of electric cars are used in this way, then it will be very beneficial to the power system, he said.

Xiaomi will invest about 60 percent of the amount envisioned and plans to finance the rest, the person familiar with the matter said.