Industry News
Huawei says it has built over 30 smart car parts
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.
Xiaomi poaching talent for EV unit, once contacted a former Nio exec
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.
Geely, Baidu-backed firm to launch 7nm auto chips next year
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.
Chip shortage has led to 1.157 million vehicle production cuts worldwide
The global auto production cut is expected to be more than 2 million vehicles in 2021.
Xiaomi confirms launch of electric car business, to invest $10 billion over next decade
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.
Chinese energy official says EVs could become energy storage for power system
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 reportedly plans to spend $15 billion on electric cars
Xiaomi will invest about 60 percent of the amount envisioned and plans to finance the rest, the person familiar with the matter said.
WM Motor's first 100 W6 models begin shipping from factory to dealer network
The first batch of WM W6 will be shipped as show cars to stores in cities including Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Chongqing, Hangzhou, and Chengdu. Customers will be able to experience the model's smart technology in-store.
Baidu Apollo reportedly joins forces with local manufacturer to develop LiDAR for its 5th-gen Robotaxi
Baidu's autonomous driving platform Apollo has partnered with Chinese LiDAR company Hesai Photonics Technology to develop a LiDAR for use in Baidu's fifth-generation self-driving Robotaxi.
Chinese consumers' willingness to buy local-brand cars rises, report says
The proportion of potential consumers who tend to buy new energy vehicles rose from 3% in 2018 to 16% this year, the report showed.
