Nio on Saturday revealed its second fully electric premium sedan model ET5 to reach a larger customer base.
It’s unusual for two tech majors, JD and Meituan, to join the same round in robotrucks, signaling that they see Inceptio as a key player.
The companies expect the new models to take a significant share in the Chinese premium EV segment and fulfill their ambitions to establish a “world-class high-end” Chinese car brand.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
Geely unveiled a model electric semi-truck that will have highly autonomous driving functions in 2024, posing a threat to Tesla.
The program is part of the company’s latest efforts to offer full-scenario autonomous driving capabilities by the middle of 2023.
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.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
Baidu could eventually charge people to ride in its robotaxis—a milestone for the costly, years-long quest of self-driving cars.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.