The program is part of the company’s latest efforts to offer full-scenario autonomous driving capabilities by the middle of 2023.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
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.
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
Baidu on Thursday unveiled a new robotaxi model, called Apollo Moon, with a manufacturing cost significantly lower than competitors.
Xiaomi is pouring billions of RMB into the auto sector and placing some big bets on multiple startups to build a complete auto supply chain.
We round up the most significant milestones in the three auto companies’ turbulent history this year and what’s next for them in 2022.
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.