Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
SAIC is among a list of state-backed automotive majors shifting towards startup chipmaker Horizon Robotics as a domestic substitute for global suppliers.
The move is a direct response to consistent concerns among existing carmakers about the potential threat of Huawei entering the industry and manufacturing its own cars.
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.
The two companies plan to release a model in China in 2022, said Mobileye’s CEO.
Nio’s founder said the company will enhance the efficiency of its business operations to develop next-generation products.