DeepWay brands itself as China’s first electric vehicle startup that designs autonomous trucks from scratch for freight delivery, rather than something based on an existing truck model with minor changes.
Xpeng Motors led a investment in Zvision Technologies, a Chinese startup that makes lidar sensors for self-driving cars.
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.
L9 will be the second production model from Li Auto and the Chinese EV maker appears to be confident that it becoming a hit.
Li Auto will be the first automaker to use Nvidia’s newest processor to facilitate highly autonomous driving functions for its EVs.
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.
Nio’s founder said the company will enhance the efficiency of its business operations to develop next-generation products.