Industry News
Why did GAC Nio set up a $1 billion fund?
About a month after announcing that it would focus on the "AI OS + eco-services" model instead of making money from selling cars, GAC Nio's brand new business model has seen new progress.
Didi said to partner with BYD to make ride-hailing EVs
Chinese ride-hailing giant Didi Chuxing is partnering with automaker BYD to produce customized electric vehicles for its transport business, Bloomberg reported citing people familiar with the matter.
CICC: Global new energy vehicles show inflection point of growth
Since the autumn, the global new energy vehicles to establish a growth inflection point, China investment bank CICC said, adding the medium- and long-term development path is clear.
New alliance formed in China to promote self-sufficiency in automotive chips
The China Automotive Chip Industry Innovation Strategic Alliance was officially established in Beijing on September 19, which is jointly supported by the Ministry of Science and Technology and the Ministry of Industry and Information Technology of China, and led by the China New Energy Vehicle Technology Innovation Center.
Chinese electric car startup ENOVATE launches its first car with 5 screens
Chinese electric car startup company ENOVATE launched its first product, the smart electric SUV ME7, in Shanghai on September 19.
SAIC-Volkswagen's new energy vehicle plant to start production in October with annual capacity of 300,000 vehicles
The new energy vehicle plant of SAIC-Volkswagen, a joint venture between Volkswagen Group and SAIC Motor, in Shanghai is scheduled to go into production in October 2020, and is currently the largest and most efficient pure electric vehicle plant in China.
Evergrande's car making arm plans IPO on Shanghai STAR market
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 18 that it intends to issue RMB shares on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.
Baidu Apollo launches first L4 self-driving Robobus in Chongqing
Baidu was awarded 10 licenses to operate autonomous driving human testing in Chongqing, where Baidu Apollo and King Long collaborated to launch Robobus, an L4 autonomous vehicle.
WM Motor and Apple launch Apple Watch dials for remote vehicle control
Chinese electric vehicle startup WM Motor has teamed up with Apple to launch exclusive dials for the Apple Watch Series 6, becoming the first company in China to customize the Apple Watch so that users can control their vehicle remotely by lifting their hands.
Nio's local rival WM Motor reportedly secures 1 billion yuan in new financing
Chinese electric vehicle startup WM Motor has completed its Series D round of financing, led by Hefei Industrial Investment and Guidance Fund Co. with an investment of 1 billion yuan, according to the Beijing News.