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A leaked memo from XPeng Motors, a Chinese intelligent electric vehicle company, shows that the company is still continuing its organizational structure adjustment. A new financial platform was recently set up within the firm, aiming at improving cost controls and the compliance ability of the financial system.
According to Tianyancha APP, NIO Insurance Brokerage Co., Ltd. has been recently established with a registered capital of 50 million yuan ($7.9 million). The brokerage is 100% controlled by Chinese EV maker NIO.
In April this year, news emerged that JuneYao Group, a top 500 company in China, has become the actual controlling shareholder of Yudo Automobile. The report was confirmed on September 2.
During an internal Huawei meeting on December 8, Richard Yu, the head of the firm's consumer and automotive units, said that vehicle operations should become profitable in 2025.
After releasing the name and preview photos of the Zeekr 009 car model at the end of last month, on August 5, the vehicle brand unveiled more detailed photos and design specifics of its new electric MPV.
According to a document disclosed by Changan Automobile on Wednesday, more than 1,000 people in Huawei's intelligent driving research and development team have been stationed in Chongqing to develop the company's newest vehicle, the Avatr 11.
Recently, XPeng P5 has added four new models to its line up: 460G +, 460E +, 510G and 510E. The new models put the total number of models in this series to ten.
On Monday, ZongMu Tech, a self-driving start-up, announced that it had obtained 1 billion yuan in an E-round of financing.
Autonomous driving technology company Haomo.AI released NOH (Navigation on HPilot3.0), an urban road version of its in-house developed Level 2 autonomous driving system.
On Monday, JiDU, an automobile startup founded by Baidu and Geely, released some design details of its concept car's front and dual LiDARs autonomous driving system pioneered by the company.
NIO's new brand "ALPS" has implemented an open power battery procurement strategy, confirming battery supply cooperations with CALB (China Aviation Lithium Battery Technology), BYD's FinDreams Battery and others.
Chinese EV maker Li Auto announced on August 18 that the Li L9, an intelligent flagship SUV, has officially rolled off the production line at the firm's Changzhou Base, and will be delivered across the country soon.