EV Industry

Huawei Hicar began working with BAIC BluePark New Energy on January 28 last year, and they will launch the first model in the first half of 2021, according to Chinastarmarket.cn.

The guideline mentions that China will improve the conditions for car use, strengthen the construction of parking lots, charging piles, and other facilities, and encourage charging pile operating companies to reduce charging service fees.

For the full year 2020, the company has delivered 15,091 vehicles, up 51 percent year-on-year.

XCMG Group said it signed a contract with Tsinghan Holding Group for a new energy industry base project with a total investment of about RMB 5.5 billion yuan ($850 million).

As of today, there are more than 200,000 new energy vehicle-related enterprises in China whose status is active and in existence.

For 2020, WM Motor's full-year sales reached 22,495 units, up 33.3 percent year-on-year.

China's new energy vehicle subsidies in 2021 will be backed down by 20% compared to 2020, four ministries, including China's Ministry of Finance, said in a document released today.

He believes that the industry is exploding, and investors who focus too much on short-term prices will lose long-term growth dividends.

CICC believes that Huawei's LiDAR has excellent performance and will be equipped on models available in 2021, opening the first year of mass production.

There is currently a shortage of Huawei chips, and only 200 of the latest generation 5G vehicle modules (Baron 5000 chips) have all been provided to GAC AION.