Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
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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.
Posted inHeavy Hitters
Tesla issues largest ever recall in China
The recall raises questions about the carmaker’s future in the Chinese market. The company’s prestigious image has soured quickly in China.
Posted inHeavy Hitters
Xiaomi acquires self-driving tech startup Deepmotion
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
Posted inHeavy Hitters
Huawei puts consumer CEO in charge of autos in management reshuffle
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
Posted inHeavy Hitters
Drive I/O | Huawei pushes further in EV, rules eased for foreign owners
Huawei burrowed further into the auto industry with the launch of the first vehicle with its homegrown operating system.
Posted inHeavy Hitters
SAIC taps Chinese chip startup for self-driving cars
SAIC is among a list of state-backed automotive majors shifting towards startup chipmaker Horizon Robotics as a domestic substitute for global suppliers.
Posted inHeavy Hitters
Huawei won’t be making cars after all: company
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.
Posted inHeavy Hitters
DRIVE I/O | Lidar is hard—but it’s coming soon
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.
Posted inTurf Wars
Li Auto may have controlled its costs in 2020 too well
Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.
