Industry News
GAC Aion sold 10,395 vehicles in May, up 154% from a year ago
GAC Aion sales reached 10,395 units in May, up 154 percent compared to the same month last year, according to data recently released by the GAC Group's new energy vehicle brand.
Changan says it has 364 NEV-related core technologies
With the rapid development of China's new energy vehicle industry, legacy automakers are also investing heavily in technology.
Horizon Robotics, Li Auto's self-driving chip supplier, reportedly considering US IPO
Horizon Robotics is currently working with advisers to prepare for a share sale and a listing could happen as early as the end of the year.
China auto sales estimated at 2.204 million units in May, up 0.5% from a year ago
Passenger car sales rose 6 percent in May from a year earlier, while commercial vehicle sales fell 8.8 percent from a year earlier.
BMW plans to install 360,000 charging piles in China by year-end
For reference, Tesla currently has more than 6,300 Superchargers in China and more than 25,000 Superchargers worldwide.
Qualcomm-backed self-driving startup ZongmuTech closes new $190 million funding round, considers A-share listing
This is one of the first investments made by a Xiaomi-backed fund in the smart vehicle industry chain since the smartphone giant officially announced its entry into the car-making field on March 30.
Chinese MCU maker Runjet raises prices by 5%-20%
In the midst of a global chip shortage, the price of MCU (microcontroller unit), an important component in automobiles, continues to rise.
Nio's OEM JAC launches battery swap-enabled models for cab market
For the cab market, models that support battery swap are popular because they are more convenient to replenish energy. Now, JAC has launched new models that meet this need.
Jidu Auto, Baidu's car-making arm, will price its first model at over $31,400
The company's first car will be unveiled at the 2022 Beijing auto show. Optimistically, reservations could be made available within the next year.
Auto chip shortage expected to ease as Renesas plant set to return to full capacity by mid-June
Renesas holds nearly one-third of the global market share for automotive microcontroller chips, and the March fire hit global automotive production hard.