There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
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Posted inHeavy Hitters
Drive I/O | Chinese EV makers downsize while battery makers expand production
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
Posted inHeavy Hitters
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.
Posted inUp and Comers
Li Auto shares dip on first trading day in Hong Kong
Li Auto is the latest US-listed Chinese tech firm seeking a dual listing in Hong Kong. Its Hong Kong debut met with a lukewarm response.
Posted inHeavy Hitters
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.
Posted inHeavy Hitters
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.
Posted inHeavy Hitters
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.
Posted inHeavy Hitters
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.
Posted inOn the Cusp
DRIVE I/O | Fatal crash threatens Nio’s reputation and expansion plans
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
Posted inHeavy Hitters
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.
