Chinese car makers cut production by 5% to 8% in Jan-Feb due to chip shortages
Chinese vehicle manufacturers cut production by 5 to 8 percent in the first two months of the year due to chip shortages, a Chinese official said recently.
Huawei says it has built over 30 smart car parts
Huawei has built more than 30 intelligent car components that will soon be available, the company said in its annual report released on March 31.
Analysts expect Xiaomi cars to target price range below $30,525
The analysts said Xiaomi has strong supply chain management and cost control capabilities and will launch a very cost-effective model.
Xpeng CEO welcomes Xiaomi as a peer
Xpeng Motors CEO He Xiaopeng took to Weibo on March 31 to welcome Xiaomi as a peer, after the smartphone giant officially announced its entry into China's increasingly crowded car-making industry.
Xiaomi's car to launch in 3 years at the earliest, says founder
Xiaomi's car business could launch a product as soon as three years from now, the Chinese smartphone giant’s founder and CEO Lei Jun said in a March 30 interview with CCTV.
Xiaomi's Lei Jun on car-making: 'This is my last venture, I will be all in'
"This is the last major venture of my life. I am willing to bet my entire reputation in life to personally lead the team for Xiaomi cars."
Xiaomi poaching talent for EV unit, once contacted a former Nio exec
A previously departed Nio executive said he was approached by the Xiaomi team after the Chinese Lunar New Year this year to talk about building cars and asked for recommendations.
Tesla's second-gen Wall Connector reduced by about $305 in China
Tesla recently reduced the price of its second-generation Wall Connector in China by RMB 2,000 ($305) to RMB 6,000.
Geely, Baidu-backed firm to launch 7nm auto chips next year
Siengine Technology, a joint venture between ECARX and ARM China, will start supplying new chip products by the end of next year or early 2023, with TSMC in charge of chip manufacturing.
Chip shortage has led to 1.157 million vehicle production cuts worldwide
The global auto production cut is expected to be more than 2 million vehicles in 2021.
