Industry News
China's auto manufacturing profit up 8.43 times year-on-year in January-March
In the January-March period, the operating revenue of China's auto manufacturing industry rose 71.5 percent year-on-year to RMB 2.12 trillion.
Tencent says it won't jump on car-making bandwagon
BAT is the acronym for the most familiar combination of technology giants in China, where B is Baidu, A is Alibaba and T is Tencent. Baidu has already entered the car industry, while Alibaba is working with SAIC to build IM Motors, and people wonder, what about Tencent?
Great Wall Motor becomes latest carmaker hit by chip shortage
Great Wall Motor admitted that its chip supply is tight and production at its plants has been affected to some extent, but denied that production at its two production sites has been halted.
Jidu Auto plans to expand its team to up to 3,000 people by end of next year
Jidu Auto, the car-making unit of Chinese search engine and AI giant Baidu, plans to expand its team size to 2,500-3,000 people by the end of next year, including 400-500 software engineers.
Brand that showcased Huawei's self-driving capabilities sees its first Supercharger station go into operation
Arcfox, the BAIC-owned EV brand that recently showcased Huawei's amazing autonomous driving capabilities, saw its first exclusive Supercharger station go into operation in Beijing.
Jidu Auto, Baidu's car-making arm, plans to invest about $8 billion in smart cars over next five years
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."
China's hydrogen fuel cell vehicle ownership exceeds 7,000
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.
Niu Technologies founder reportedly jumps on carmaking bandwagon
Li Yinan is building a car, but just hasn't declared it because he's keeping a low profile, the report said.
CICC says more phone makers joining auto chain is irreversible trend
In today's China, whether to jump on the car-making bandwagon seems to be a choice every powerful tech company has to make.
SAIC-GM-Wuling to be first car company to use DJI's smart driving solution
SAIC-GM-Wuling announced on April 19 that Chinese drone company DJI's smart driving solutions will be used in BAOJUN models, which will start mass production within the year.
