EV Industry

Lenovo CEO had said that the company will not build cars, but will put limited resources and efforts on the already clear track, which is the intelligent transformation.

CIX Technology, a startup building computer CPUs based on the ARM architecture, has become the first Chinese company to join the Windows on Arm Group.

Beijing aims to have 700,000 charging piles and 310 battery swap stations by 2025 in the city.

EV makers including Nio, Tesla and GAC Aion have further increased capacity and are expected to see increased production in the second half of the year, the CPCA said.

Didi had a total of 16 violations and also engaged in data processing activities that seriously affected China's national security, according to an announcement.

As a comparison, China's NEV penetration rate was 24 percent in the first half of the year.

Sinopec aims to reach 5,000 charging and battery swap stations by 2025.

High oil prices are helping NEVs replace ICE vehicles, and the latter have more raw material costs including copper and aluminum.

China's NEV sales in June exceeded expectations and hit a record high, but recently the market began to worry about weakening demand in the first two weeks of July.

Once the penalties are announced, the government plans to ease a previous ban on Didi from adding new users to its platform, according to the Wall Street Journal.