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Self-driving chip maker Horizon Robotics gets strategic investment from FAW
In May, FAW's Hongqi brand confirmed that it will use Horizon Robotics' chips in a new model.
Central China's Wuhan becomes latest city to boost NEV consumption
Consumers with Wuhan license plates who transfer or scrap their old vehicles and purchase NEVs will each receive a subsidy of at least 5,000 yuan ($750) over the course of their use of the vehicle.
Tencent aims to use its cloud technology to help automakers build cars, restrains from jumping on car-making bandwagon
Tencent will provide the auto industry with a low-threshold, customized platform and tools to make the cloud the new productivity of smart cars, one executive said.
Beijing offers subsidies of up to $1,500 to encourage purchases of NEVs
Models using extended-range technology, which are treated the same as ICE vehicles in the new car market, have been included in Beijing's latest subsidy policy in a rare move.
Avatr strengthens ties with Huawei, first model Avatr 11 to launch on August 8
Avatr and Huawei have signed a comprehensive strategic partnership agreement to build four electric vehicles based on the CHN platform by 2025.
SAIC exploring deep integration of vehicle systems with phones
Nio doesn't seem to be alone in trying to get cell phones to interact better with vehicles.
South Korean fund cuts Tesla holdings, favors Chinese EV makers including BYD and Xpeng
The fund added to its holdings in Chinese EV makers including BYD and Xpeng in March and April after "excessive drops".
BMW's new $2.24 billion plant in China comes online as automaker ups bet on EVs
The opening of the Lydia plant is an important step in BMW's accelerated electrification transition, and it will offer five all-electric models to Chinese customers this year, BMW said.
Volkswagen Anhui sees first body-in-white roll off line
Volkswagen Anhui is moving full speed ahead with production, with pre-production vehicles set to roll off the line this year and mass production in the second half of 2023.
CITIC Securities expects China's NEV sales to reach record high in June
CITIC Securities expects BYD to sell 140,320 units, Tesla China 87,182 units, Xpeng 19,281 units, Li Auto 19,447 units and Nio 10,772 units in June.