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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.

We round up the most significant milestones in the three auto companies’ turbulent history this year and what’s next for them in 2022.

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.

There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.

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.

Big auto and big tech announced EVs at Auto Shanghai 2021, putting pressure on young EV upstarts.

Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.