With a flood of new money supercharging the industry, third-tier EV makers are emerging as powerful forces.
WeRide’s expanded partnership with automaker GAC is the latest example of the startup branching out to work with more companies as it develops self-driving vehicles and related services.
Li Auto is the latest US-listed Chinese tech firm seeking a dual listing in Hong Kong. Its Hong Kong debut met with a lukewarm response.
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.