Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.
Li Auto will be the first automaker to use Nvidia’s newest processor to facilitate highly autonomous driving functions for its EVs.
Baidu topping the list is the first time in the report’s history that a Chinese company unseated Waymo, an industry leader, for the top spot.
The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
Baidu’s reports contain significantly less information about disengagements than its peers, causing industry insiders to raise questions about the quality of the company’s tests.
The company is the latest tech firm to announce plans to test robotaxis in China.
While rides are currently free, the company collects valuable data during every ride.