Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
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Baidu’s highway assisted driving system now available on WM Motor vehicles
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
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Baidu introduces new robotaxi, slashing manufacturing costs
Baidu on Thursday unveiled a new robotaxi model, called Apollo Moon, with a manufacturing cost significantly lower than competitors.
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Baidu to launch robotaxi service in Beijing suburb
Baidu in March became the first Chinese company permitted to offer robotaxi rides to paying customers by a local government.
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Drive I/O | Chips, batteries, AV: Xiaomi’s most high-profile auto investments of the year
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.
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Drive I/O | Auto China 2021: A banner year for Nio, Xpeng, and Li Auto
We round up the most significant milestones in the three auto companies’ turbulent history this year and what’s next for them in 2022.
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Drive I/O | A flying start for China EV sales, CATL retains global dominance
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
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Drive I/O | Shanghai automakers hit by lockdowns, China’s new push for driverless cars
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
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Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
Posted inHeavy Hitters
Chinese ride-hailing giant Didi files for US IPO
Didi is among the world’s top five highest-valued unicorns. Its listing could be one of the biggest IPO this year.
