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If America really is not afraid of free and fair competition, it must rise to the challenge presented by Chinese electric vehicles and not apply its ‘national security’ brake.
The country is well ahead of the US on the road to fully automated vehicles and in the drive to go further safely is asking the people for their views.
- TSMC’s capital spending should wind up closer to the bottom end of a previously forecast US$32 billion to US$36 billion range, chairman Mark Liu said
- It reaffirmed projections for revenue in the first half of 2023 to decline by about 10 per cent in US dollar terms
Two of China’s top electric vehicle makers set new monthly sales records in May, spurred by a recovery in consumer demand after a bruising, months-long price war in the ultra-competitive sector.
The guidance came as the company reported a 45.9 per cent drop in revenue and a 37.6 per cent wider net loss in the first quarter.
Hesai Group reported record first-quarter revenue as deliveries of sensors used in cars with autonomous-driving capabilities surged more than 12,000 per cent from a year ago.
Market penetration rate of NEVs in China is expected to reach 35 per cent this year and 50 per cent around 2025, Fitch analyst Yang Jing says.
Weibao Wang’s case was among five announced by a ‘strike force’ aimed at countering efforts to illicitly acquire US technology by nations including Russia, Iran and China.
Alibaba has transferred its autonomous driving team under DAMO Academy to the firm’s Cainiao logistics arm as part of an ongoing corporate restructuring announced in March.
Didi has been preparing for a comeback with autonomous driving cars, a sector favoured by the government, after a 2021 crackdown.
The Chinese carmaker has set a new record, becoming the first home-grown premium electric vehicle (EV) brand to deliver more than 25,000 units in a single month.
China’s electric car makers and tech giants are racing to develop level-three autonomous driving, but slow development has pushed some to focus on existing assisted-driving systems.
Readers discuss the city’s progress towards the full adoption of self-driving technology, and road safety.
The crux of the debate in the fastest growing EV market, where 60 per cent of new vehicles entering China’s roads are expected to be electric by 2030 is what the perfect EV looks like.
Consumer demand for new energy vehicles (NEVs) in China remains robust, and foreign carmakers are determined to narrow the gap with their Chinese peers in terms of market share
Will the global supply chain that originates from China have to be rewired, as rising protectionism in America targets most things made in China amid deteriorating US-China relations?
CEO Lu Cheng says company has been ‘isolating’ its China team from the US team, and wants to resolve New York delisting risks.
Yangwang, which translates to ‘longing,’ is the clearest display of founder Wang Chuanfu’s aspiration to carve out a spot at the apex of China’s vehicle market, after BYD overtook Tesla in 2022.
Tesla boss Elon Musk is doubling down on the price war he started at the end of last year, saying the electric vehicle maker would prioritise sales growth over profit in a weak economy.
Battery power took center stage, with makers jostling to show off their electrification credentials.
Powered by Alibaba’s own large language model Tongyi Qianwen, DingTalk is now able to compose articles and generate posts based on simple user prompts.
Carmakers plan to unveil a total of more than 100 new models, 70 of which will be electric, according to the organisers. Some 1 million visitors are expected to visit the 10-day event starting on Tuesday.
For BYD, set up 28 years ago in Shenzhen by a former chemist, the secret of its success was its founder’s dogged belief that batteries would one day be the dominant power source.
Didi’s push into autonomous driving dates back to 2016 when it set up a dedicated unit, and the robotaxi concept car comes after years of research and development.
The German carmaker will set up an academy in Hainan province with the aim of training local talent for the electric vehicle industry as it vies for a larger share of the sector.
Tens of thousands of Chinese car buyers have been flocking to BYD, Nio, Xpeng, Li Auto and a number of China-domiciled EV makers of late, unseating Tesla as the most desirable EV brand in China.
Tesla’s deliveries were in line with analysts’ estimates of 421,164, but fell short of Musk’s goal of 50 per cent annual growth.
Xpeng’s G9 Max and P7i Max models equipped with proprietary navigation software can recognise traffic lights, change lanes and even overtake cars.
Baidu’s Apollo Go service will operate 10 fully autonomous cabs in a 60-square-kilometre area of the city.
The e-commerce giant’s initiative with Chongqing reflects its improved relationship with local governments after Beijing eased its crackdown on Big Tech firms last year.
