Didi is among the world’s top five highest-valued unicorns. Its listing could be one of the biggest IPO this year.
The recall raises questions about the carmaker’s future in the Chinese market. The company’s prestigious image has soured quickly in China.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
SAIC is among a list of state-backed automotive majors shifting towards startup chipmaker Horizon Robotics as a domestic substitute for global suppliers.
The move is a direct response to consistent concerns among existing carmakers about the potential threat of Huawei entering the industry and manufacturing its own cars.
Li Auto will be the first automaker to use Nvidia’s newest processor to facilitate highly autonomous driving functions for its EVs.
Tesla has been ramping up its hiring in China lately as part of a broader strategy to localize software and user data in the world’s biggest auto market
The two companies plan to release a model in China in 2022, said Mobileye’s CEO.
Nio’s founder said the company will enhance the efficiency of its business operations to develop next-generation products.