Li Auto completes offering of $862.5 million convertible senior notes
Li Auto closed down 4.3 percent to $21.78 on Monday. Its Chinese peer Nio also closed down 2.57 percent to $37.14, and Xpeng Motors fell 1.45 percent to $33.99.
Baidu gets China's first license to explore commercial operations of self-driving buses
Chongqing residents can make reservations through mobile apps like Apollo Go and Baidu Maps so they can experience traveling by self-driving bus.
Huawei says its self-driving technology better than Tesla's
"I don't know if they're bragging, but they told me that our car can drive 1,000 kilometers in the city without intervention, which is much better than Tesla."
Huawei says cars need to be able to drive themselves without 5G
"If the car has to rely on 5G and 5.5G to drive itself, what happens when the network goes down?" Xu asked, adding that this is also very demanding and unrealistic for operators.
Huawei says it will create three auto sub-brands with carmakers
Huawei said on April 12 that it will cooperate with BAIC Arcfox, Changan Automobile, and GAC to create three automotive sub-brands, with new models to be launched in the fourth quarter.
Huawei to launch sub-brand 'Huawei Inside' for cars in Q4
Huawei has partnered with three car companies to create three sub-brands, and smart cars with its sub-brand "Huawei Inside" logo will start rolling out in the fourth quarter of this year, the Chinese tech giant said Monday.
Huawei says auto industry is one of the most disruptive in next decade
The automotive industry is one of the most disruptive industries of the next decade, and Huawei will invest strongly in self-driving software, the Chinese tech giant said Monday.
BYD said to be producing electric cars for Toyota
Toyota will only be responsible for accepting the vehicles and putting the Toyota logo on the new vehicles. The new car has already started road tests, the report said.
Xpeng says NGP user mileage has surpassed 2.3 million kilometers
Xpeng revealed the data in its monthly report for March released Monday, saying the rapid growth in mileage is a testament to the popularity and acceptance of NGP.
SAIC to invest $45.8 billion in innovation including smart EVs over next 5 years
SAIC said the auto industry is changing from a "product-centric era" to a "user-centric" one, and that smart, connected cars that are closer to the user are "coming".
