Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
Drive I/O | Meet the newest upstarts likely to grab chunks of China’s EV market
With a flood of new money supercharging the industry, third-tier EV makers are emerging as powerful forces.
Drive I/O | Chips, batteries, AV: Xiaomi’s most high-profile auto investments of the year
Xiaomi is pouring billions of RMB into the auto sector and placing some big bets on multiple startups to build a complete auto supply chain.
Drive I/O | A flying start for China EV sales, CATL retains global dominance
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
Drive I/O | Auto China 2021: A banner year for Nio, Xpeng, and Li Auto
We round up the most significant milestones in the three auto companies’ turbulent history this year and what’s next for them in 2022.
Drive I/O | Shanghai automakers hit by lockdowns, China’s new push for driverless cars
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
DRIVE I/O | Fatal crash threatens Nio’s reputation and expansion plans
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
Drive I/O | Huawei pushes further in EV, rules eased for foreign owners
Huawei burrowed further into the auto industry with the launch of the first vehicle with its homegrown operating system.
DRIVE I/O | Lidar is hard—but it’s coming soon
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.