In the 14th Five-Year Plan, China will offer more targeted measures to address pain points in the country’s plan for massive EV adoption.
With high costs, and competition from cheaper pirate recyclers, it will take more carrots and sticks for the battery recycling market to take off.
The joint company is expected to reach an annual production capacity of 300,000 and roll out the first batch of V9 vehicles in 2020.
Chinese startup WeRide is testing a self-driving cargo van that can carry out delivery services, partnering with automaker JMC and courier ZTO
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.
Chinese smartphone brands Oppo and Vivo have joined with education brand Okii to build a K-12 school in the southern Chinese city of Dongguan.
Meituan becomes the latest Chinese tech major to begin large-scale layoffs. Companies are replacing veteran employees with cheaper new hands.
Continuing its recent focus on e-commerce, Kuaishou is expanding into the competitive local services market.
Huawei helped China Mobile with its 5G base station on Mount Everest at an altitude of 5,300 meters, which has download speeds of 1.66 Gbps.
Pinduoduo founder Colin Huang will devote himself to food and life sciences, areas that overlap with the firm’s new business focus.