Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
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.
Huawei burrowed further into the auto industry with the launch of the first vehicle with its homegrown operating system.
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.
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.