Just In – June 17, 2021
Baoneng New Energy Vehicle Group, a subsidiary of the Baoneng Group, has received support from the Guangzhou government, with a strategic investment of RMB 12 billion from local state-owned enterprises.
China FAW announces memory parking feature like Xpeng's VPA
The company claimed the system is the world's first vehicle-side perception-based L4 valet parking system, supporting both commercial parking lots and private parking scenarios.
Li Auto hiring 'Beijing plant manager', cementing rumors of new factory
Li Auto has been rumored several times since early April to be building a second factory in Beijing, and while the company has never confirmed it, the latest job postings seem to prove those rumors are reliable.
Analysts expect worst time for China's auto industry to be over soon
Demand in China's auto industry was not fully released in the first half of the year due to tight chip supply, and as the issue improves, the second quarter will be the worst period for the industry's performance, CITIC Securities said.
Nio's first second-gen battery swap station in highway service area comes online
Nio announced Thursday the launch of its battery swap station at the Luoyang service area on China's G30 Lianyungang-Horgos Highway, its first second-generation battery swap station in a highway service area, marking the start of construction of the facility along the expressway.
Baidu Apollo, Arcfox unveil Apollo Moon to accelerate Robotaxi commercialization at low cost
Apollo, the self-driving arm of Chinese tech giant Baidu, has unveiled its latest Robotaxi, setting the stage for large-scale commercialization of the business at relatively low costs.
OPPO execs reportedly visited Li Auto to speed up car-building plans
OPPO's car-building project is still in the research phase and has not been officially launched yet, but executives from the company recently visited Li Auto to speed up the plan.
BYD's new compact EV applies for regulatory approval, expected to go on sale in Q3
The new vehicle, previously unveiled at the 2020 Shanghai auto show, had been named EA1 and is based on the BYD e-platform 3.0.
German auto parts maker ZF Group partners with Chinese startup to tap into local smart driving market
ZF will also take a stake in CalmCar, although the amount of the investment was not disclosed. This is the first time ZF has invested in a local Chinese technology start-up.
BYD delivers first electric bus for cross-border operation in Europe
The bus will operate between Komárom, where BYD's Hungarian plant is located, and Komárno, Slovakia, and is the first-ever all-electric bus to operate across the border in both countries.