China To Double Down On Push To Be Self-Reliant In Tech, Premier Says
China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be leveraged better, Premier Li Keqiang said on Sunday. The nation effectively…
More Driverless Vehicles Rolling Out In China
A few companies are starting to offer geographically limited robotaxi service in China, most notably Baidu and AutoX. You can now add Pony.ai to the mix, sort of. Its robotaxis just got approved for testing from the Beijing Intelligent Connected…
China’s EV Market To See Slower Growth In 2023
China’s electric vehicle (EV) market is set to lose steam in 2023 as Beijing phases out cash subsidies and consumers shy away from big-ticket items over concerns about a gloomy economy. Slow sales growth of battery-powered vehicles could exacerbate production…
Tesla Suspends Production At Shanghai Plant
Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December….
NIO Passes 300,000 Sales, Zeekr Going Public (Seeking $1 Billion+)
We’ve got some notable news from two Chinese EV startups from this past week or so. NIO has hit a big sales milestone, and Zeekr is looking to go public in the USA and raise at least $1 billion. The…
China’s EV Market Bucks Downward Auto Output
Chinese carmakers produced 2.39 million units in November, down by 8.2% from October, while sales fell by 7.1% month on month to 2.33 million units. Production and sales both dropped by 7.9% year on year, according to the China Association…
Tesla’s Chinese Rivals Set New Records
Tesla’s competition in the electric vehicle market has been heating up over the past two years as more EV manufacturers ramp up production and deliveries. Elon Musk’s Austin, Texas-based company has seen its share of the EV market shrink from…
China Regulator Says Tesla Recalls More Than 80,000 Cars
Tesla Inc is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese market regulator revealed on Friday. The U.S.-based electric car maker has recalled…
BYD To Build 20 GWh Battery Plant In China
BYD is further expanding its battery production capacities in China with a new plant in Wenzhou in Zhejiang province. The new factory will have an annual capacity of 20 gigawatt-hours and is scheduled to start production in 2024. The only…
Chinese NEV Startup Letin Closes ‘Series A’ Funding
Chinese new energy vehicle startup Letin announced on Monday the completion of its Series A financing, which raised for the company a total of 3.2 billion yuan ($446.896 million). According to the company’s press release, the fresh round was led…
