Industry News
China's unified carbon market officially starts trading
The first transaction was successfully concluded at 9:30 am at RMB 52.78 ($8.1) per ton, with a total of 160,000 tons traded at a value of RMB 7.9 million.
TSMC says carmakers can expect sharp uptick in chip supply
TSMC said its MCU production in the first six months of the year rose 30 percent over the same period last year, and the company will increase MCU production by nearly 60 percent this year compared with last year.
Enovate ME5 with extended-range technology launched, priced from $23,200
The Enovate ME5, a compact SUV with extended-range technology, was launched on July 13, with two versions priced at 149,900 RMB ($23,200) and 159,900 RMB respectively.
WM Motor to launch its first sedan, M7, within the year
The car will have powerful self-driving hardware with multiple LiDARs and 500-1000 TOPS of computing power.
China's NEV penetration rate hit record high of 15% in June
That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.
Alibaba-backed connected car firm Banma gets $464 million capital increase
Banma, the connected car company backed by Alibaba, announced on July 14 that it has completed an RMB 3 billion ($464 million) capital increase from its existing shareholders.
Baidu wins $15.3 million Chongqing smart transportation pilot project
Baidu has won an RMB 98.8 million ($15.3 million) bid for the first phase of a smart transportation pilot project in the Yongchuan District in southwest China's Chongqing.
Ora's first SUV appears on regulatory list
Ora, the new energy vehicle brand of Great Wall Motors, was previously best known for its compact model Good Cat. Now its first SUV appears to be just around the corner from its official debut.
Chinese AI firm SenseTime launches new brand to provide smart car solutions
Chinese AI company SenseTime unveiled its smart car solutions brand SenseAuto at the recent 2021 World Artificial Intelligence Conference.
Cambricon says it's designing smart driving chip with over 200 TOPS of computing power
While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.
