The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
Chinese automakers rush to fund domestic chip startups to tackle shortage
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
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.