The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
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Chinese automakers rush to fund domestic chip startups to tackle shortage
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
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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.
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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.
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Didi is close to $300 million deal with Softbank
Chinese mobility service provider Didi Chuxing has reportedly been in talks with Softbank for $300 million in fresh funding for its autonomous driving unit. Why it matters: The investment is a vote of confidence in a Chinese AV startup during a low point in investment activity compounded by the Covid-19 outbreak. China’s deal-making activity for […]
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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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Chinese EV makers may face a price war in 2022: UBS
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
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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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Baidu tops California’s new self-driving report
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.
