EV Industry

Its bold design with three LiDARs may be a compromise for high performance, and it's unclear whether Chinese consumers will pay for it.

The system can generate up to 40,000 kilowatt-hours of electricity per day, which is equivalent to the usage of 3,000 households in a day.

In achieving the same level of fuel cell performance, the team uses only one-tenth of the expensive platinum.

Bosch China President Chen Yudong said earlier this month that shortages of automotive chips will become the norm, the problem is just the extent.

A spokesman for the MIIT said the Chinese auto industry is still significantly affected by the chip shortage, but the situation is expected to ease.

They are both based on the WM Motor W6 to accelerate the adoption of Baidu's autonomous driving technology.

They are built by Foxtron, a joint venture between Foxconn and Taiwanese car company Yulon Motor.

WM Motor's first sedan, the M7, will be unveiled on Friday, and will reportedly come with three LiDARs.

Automotive chip supply will to improve, and Chinese auto production and sales will continue to strengthen in the coming months, said Cui Dongshu.

NEVS is in talks with US and European venture capital firms and industrial partners to find a new owner and could be valued at as much as $1 billion.