Chinese smartphone company Xiaomi will take a further step into the EV market with plans to build a car manufacturing plant in Beijing with an annual production capacity of 300,000 vehicles, reports Retuers. The plant will be built in two phases and Xiaomi will also construct its auto unit’s headquarters, sales and research offices in […]
Category: Autos
Chinese tech company Baidu and self-driving startup Pony.ai have been given the go-ahead to launch paid driverless robotaxi services that will see the companies send out vehicles in Beijing, reports Reuters. The firms are limited to 100 robotaxis and only in a certain area. The state-backed Beijing Daily newspaper reported on the approvals on Thursday, […]
Didi Global is getting ready to relaunch its recently-banned ride-hailing app in China by the end of the year in anticipation that the cybersecurity investigation into the company will come to a close by then, reports Reuters. According to three people directly involved in the relaunch, China’s cyberspace regulator is expected to finalize any penalties […]
The share value of Contemporary Amperex Technology (CATL), the world’s biggest lithium-ion battery manufacturer, will see a boost from its inclusion next month in the CSI 300 Index, which tracks the nation’s largest onshore stocks, reports the South China Morning Post. CATL, which has a 50% share of the China market and 30% globally, is […]
Chinese car manufacturing giant and owner of Volvo, Geely Automobile Group, has unveiled an electric truck that they plan to start delivering in 2024, reports the South China Morning Post. Geely unveiled its electric truck, called Homtruck, late on Monday and said it aimed to produce 570,000 trucks by 2030. “An upgrade of the next […]