Industry News
China's NEV industry currently immune to inflation, analysts say
High oil prices are helping NEVs replace ICE vehicles, and the latter have more raw material costs including copper and aluminum.
High temperatures could hit China's NEV sales in July, analysts say
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.
SAIC to launch models with Horizon Robotics' Journey 5 chip in 2023
SAIC's software arm SAIC Z-ONE will build a smart driving platform using two Journey 5 chips, which will be used in SAIC's models to be launched in 2023.
Didi reportedly faces over $1 billion in fines as yearlong investigation comes to end
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.
Nio Capital leads Pre-A round of funding for self-driving sanitation vehicle startup Yunchuang
In November 2021, Yunchuang launched five YC-200 driverless sweepers in Suzhou's Jinji Lake Scenic Spot, saving dozens of laborers.
Chinese consumers' answer to slow deliveries: Order them all and let EV makers compete for production
Whoever can be the first to schedule production for an order will win.
Nio Capital reportedly leads investment in local computer CPU maker CIX Technology
Nio Capital led a recent funding round of about $50 million in ARM CPU startup CIX Technology, bringing the company's post-investment valuation to about $300 million, according to local media.
Lotus' Wuhan plant sees first vehicle of Eletre 'Hyper-SUV' roll off line
Lotus' Wuhan plant, with a total investment of more than RMB 8 billion ($1.2 billion), was officially completed on July 15.
BAIC BluePark plans to raise up to $1.2 billion via new share offering
BAIC BluePark said in an earnings preview on Thursday that it expects a net loss of RMB 1.8 billion to RMB 2.2 billion for the first half of the year.
Volkswagen expects ID. series EVs to deliver 15,000-20,000 units per month in China in H2
Volkswagen's ID. series delivered 17,600 units in China in June, up 107 percent from May.
