With a flood of new money supercharging the industry, third-tier EV makers are emerging as powerful forces.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
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.
Baidu on Thursday unveiled a new robotaxi model, called Apollo Moon, with a manufacturing cost significantly lower than competitors.
Baidu in March became the first Chinese company permitted to offer robotaxi rides to paying customers by a local government.
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.
We round up the most significant milestones in the three auto companies’ turbulent history this year and what’s next for them in 2022.
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.