Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
TechNode China had a chance to test drive an EV, co-developed by Huawei and automaker Seres. Here are our takeaways.
Nio on Saturday revealed its second fully electric premium sedan model ET5 to reach a larger customer base.
The companies expect the new models to take a significant share in the Chinese premium EV segment and fulfill their ambitions to establish a “world-class high-end” Chinese car brand.
Geely unveiled a model electric semi-truck that will have highly autonomous driving functions in 2024, posing a threat to Tesla.
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
Baidu topping the list is the first time in the report’s history that a Chinese company unseated Waymo, an industry leader, for the top spot.
The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.