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News on the Auto Industry in China

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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, ...

The sleeker ZEEKR

Geely’s EV unit taps $500 million from CATL, Intel and Bilibili
Sep 3, 2021 (WiC 554)

Tesla is good at marketing but it doesn’t mean Chinese consumers are buying into the hype. According to a July survey of nearly 4,000 people by JD Power, a US market research outfit, Chinese car buyers do not rate Tesla’s newer models ...

Into the fast lane

Baidu launches robocar; NIO reels from crash
Aug 27, 2021 (WiC 553)

The Chinese media rarely mentions the once ubiquitous BAT acronym nowadays. Baidu’s market value has been dwarfed not only by fellow BAT constituents Alibaba and Tencent but also by younger internet firms such as Meituan. That’s why newer ...

China’s Houdini returns

Will Faraday Future now deliver – having finally gone public on Nasdaq?
Jul 30, 2021 (WiC 551)

Many people have tried to sum up Chinese entrepreneur Jia Yueting over the course of a colourful and tumultuous career that’s seen him bankrupt one firm after another. In 2016, a tech journalist famously called Jia and his electric vehicle (EV) ...

Kicking the toxic habit

SVOLT debuts an EV battery that’s cobalt-free
Jul 30, 2021 (WiC 551)

Few would disagree that electric vehicles represent the future of driving. BloombergNEF, a researcher, reckons that global sales of zero-emission cars will jump from 4% of the market in 2020 to a whopping 70% by 2040. But to get to that number ...

Lei Jun’s big choice

Is Xiaomi set to work with BYD to make EVs?
Jun 25, 2021 (WiC 546)

The big beasts of China’s tech world have all forged alliances in the electric vehicle (EV) sector with one notable exception: Xiaomi. The Hong Kong-listed group is best known as a smartphone manufacturer but it has ambitions to become an EV ...

Seeing is believing

LiDAR firm raises $300 million after shelving IPO
Jun 18, 2021 (WiC 545)

“LiDAR is a fool’s errand. Anyone relying on LiDAR is doomed. Doomed!” So said Elon Musk in 2019, dismissing a technology that maps out environments like radar or sonar, but with light waves instead (LiDAR is short for light detection and ...

Buffett to profit as BYD lists its chip unit
May 21, 2021 (WiC 541)

When BYD listed on the Hong Kong Stock Exchange in 2002, its main focus was rechargeable batteries for mobile phones. Investor enthusiasm was limited and it was only when Warren Buffett bought into the company at the height of the global ...

Electric carmaker hit by a public relations debacle
May 7, 2021 (WiC 539)

If a female journalist tries to extract confidential information from a company employee source, should the staff member be fired if he replies: “I’d like to ask your advice about something as well. Is your sex life harmonious? Have your ...

Shanghai’s drive-thru

Why the Shanghai Auto Show was a landmark event for the car industry
Apr 30, 2021 (WiC 538)

This month’s Shanghai car show has taken top billing as the biggest gathering in the industry since the onset of the pandemic. Organisers this year were pleased simply to welcome back visitors to the 10-day exhibition, albeit in carefully ...

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