Citi gives Xpeng's H shares Buy rating and HK$207.5 price target
Xpeng closed down 3.21 percent to HK$151 in Hong Kong on Wednesday, more than 8 percent below its offering price of HK$165. Citi's target price implies a 37 percent upside.
Ora's first SUV appears on regulatory list
Ora, the new energy vehicle brand of Great Wall Motors, was previously best known for its compact model Good Cat. Now its first SUV appears to be just around the corner from its official debut.
Chinese AI firm SenseTime launches new brand to provide smart car solutions
Chinese AI company SenseTime unveiled its smart car solutions brand SenseAuto at the recent 2021 World Artificial Intelligence Conference.
Chinese firm aims for its technology to enable L3 autonomous driving for heavy trucks this year
Autonomous driving service provider Hong Jing Drive recently said it aims to drive mass production of L3 smart heavy trucks this year and its ADAS system is expected to be used in a million mass-production vehicles by 2022-2023.
Cambricon says it's designing smart driving chip with over 200 TOPS of computing power
While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.
Former Didi exec joins GAC to lead businesses including autonomous driving
Chen has more than 20 years of experience in artificial intelligence research and applications and big data analytics.
BYD sets up new firm in Hefei, with registered capital of $154 million
In addition to Nio, the central Chinese city of Hefei is attracting more car companies to set up operations there.
Guangzhou pilot allowing self-driving cars to drive alongside human-driven vehicles
Guangzhou announced the official launch of a pilot program for self-driving cars to drive alongside human-driven vehicles, marking a key step toward the adoption of autonomous driving at scale.
Not all battery swap-enabled models are successful, this automaker had zero car sales in June
The success of Nio's battery swap-enabled models does not mean the same for all companies selling such models.
Li Auto signs deal with Chinese LiDAR supplier
Li Auto recently signed an agreement with a Chinese LiDAR supplier to lay the groundwork for its new model to be released in 2022 with the component which is seen as key for autonomous driving.
