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News on the Auto Industry in China

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Assembling allies

iPhone contractor Luxshare has joined the car building binge
Feb 25, 2022 (WiC 574)

Another week, and another bit of headline news from the electric vehicle industry. This time the buzz is around a deal between two firms from different backgrounds but with shared ambitions of capturing a larger share of sales in the ...

Midea wants to be a major player in electric cars
Feb 18, 2022 (WiC 573)

In a sign of the times, last weekend’s Super Bowl in Los Angeles was saturated with advertisements for electric vehicles (EVs), with major players like BMW, General Motors and Chevrolet jostling for battery-powered prominence. Of the 6.5 ...

Stellantis and GAC differ over Jeep JVs future
Feb 11, 2022 (WiC 572)

“They were America’s greatest contribution to modern warfare,” said George Marshall, the US military’s chief of staff during the Second World War and later the author of the eponymous Marshall Plan. General Marshall was talking about ...

The TuanChe tiff

New EV entrant prompts derision from Li Auto
Jan 28, 2022 (WiC 571)

Is there room for yet another Chinese electric vehicle (EV) start-up? Wen Wei, the co-founder and chairman of TuanChe, thinks so. In mid-January, the Nasdaq-listed car sales marketplace announced plans to launch two models of its own within ...

A car rental model

Li Shufu’s heir makes debut at Lynk launch event
Dec 3, 2021 (WiC 566)

What started out as a couch-surfing experiment for three school friends in San Francisco, later morphed into the multi-billion dollar home-sharing platform that we know today as Airbnb. The trio’s business idea has become a major disruptor for ...

All hail the new chief?

State-backed rival makes inroads amid Beijing’s crackdown on Didi
Nov 12, 2021 (WiC 563)

It’s been a rough ride for a fair few of China’s state-owned car companies in recent years. Private sector companies have been overtaking them in electric cars (with a few notable exceptions), while their foreign joint venture partners have ...

Homecoming king

Is Duan Yongping steering OPPO and Vivo into carmaking?
Nov 5, 2021 (WiC 562)

“Common prosperity” is the talk of the town in policymaking circles. Although Party officials have been keen to explain that it doesn’t mean preying on the rich, some of China’s wealthiest entrepreneurs may have their doubts. After all, ...

Cheaper than Tesla

Geely finally gets Volvo to market, but the price disappoints
Oct 29, 2021 (WiC 561)

Tesla tore through the $1 trillion mark in market value this week after news emerged that Hertz had ordered 100,000 Model 3 sedans for its rental fleet. Tesla’s shares, which have surged fivefold since it took over from Toyota as the world’s ...

Geely takes on Porsche

Chinese carmaker to revive Lotus brand with a Wuhan-made EV range
Sep 17, 2021 (WiC 556)

Ask older Brits what the Lotus brand means to them and they’ll probably think of a racing car that won a series of Formula 1 titles in the 1960s and 1970s. Times have changed a lot since then. For starters there’s no cigarette advertising ...

New item in XPENG’s stable

Chinese electric car firms are making animal robots
Sep 17, 2021 (WiC 556)

What would you do if you came face-to-face with a bionic animal: head straight for the exit or move in closer and give it a pat? That kind of decision isn’t too far off, given how many robotic animals are approaching commercialisation, ...

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