Former XPeng autonomous driving product director joins NIO
Huang Xin, former director of autonomous driving product of XPeng Automobile, joined NIO (a Chinese automobile manufacturer) as vice president.
Shell and BYD sign collaboration agreement for electric vehicle charging
On March 24, oil and energy company Shell plc and Chinese automaker BYD signed a global strategic agreement to collaborate on charging terminals, home energy solutions, and the construction of electric vehicle service centres. The partnership will start in China
BYD teams up with NVIDIA for intelligent driving technology
Chinese automaker BYD announced on March 23 its collaboration with the graphics chip giant NVIDIA on intelligent driving technology.
Didi is venturing into the automobile manufacturing business
Didi has been preparing for its move into autonomous driving for quite some time and has started to establish its own R&D teams in Beijing and Shenzhen.
Xiaomi Auto has an R&D team of over 1,000 people
Xiaomi’s smart electric vehicle business has progressed faster than expected since the company revealed ambitions to produce the automobile in March 2021.
China EV maker NIO claims no plans to raise prices in the short term
Recently, several automakers hit by raw material price variations have announced price increases. In response, NIO stated that price stability is beneficial to both users and the market, and NIO has no plans to raise prices in the short term.
Tesla China raises prices due to supply chain pressure
On March 10, Tesla increased its prices for the Model 3 Performance, Model Y Long Range, and Model Y Performance by 10,000 yuan, according to its website.
Chinese EV maker NIO plans secondary listings in Hong Kong and Singapore
On February 28, the Chinese electric vehicle (EV) maker NIO Inc. plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region. This listing adopts a “way of
Volkswagen intends to acquire Huawei’s self-driving business
Recently, Chinese media reported that Volkswagen Group is negotiating with Huawei and plans to acquire Huawei’s autonomous driving unit for billions of euros. More specific information on the cooperation is likely to be released at the end of March. According
Neta automobile completed over 2-billion-yuan new round of funding
Hozon Auto, the company that owns the Neta auto brand, has recently completed a new round of financing of more than 2 billion yuan. The primary investors are the CRRC fund controlled by the CRRC Corp and Shenzhen state-owned venture
Didi Downsizes- ‘dramatic and significant’ staff cuts to Chinese Ride Hailing Service
Chinese ride-hailing giant Didi has reportedly started layoff plans for its ride-hailing, two-wheeler (E-bike), freight and other travel businesses, with an overall layoff rate of about 20%. The Internet industry is experiencing a downturn. Despite mass layoffs from large companies
Chinese-branded cars invigorate Russia’s automotive market as sales soar
According to data released by the European Business Association, overall sales of Chinese-branded automobiles in Russia reached 115,700 units in 2021, more than double the volume of sales in 2020. With the popularity of Chinese-made automobiles growing in popularity among