Autonomous Driving Startup Hyperview Secures Round B Financing
Hyperview, an autonomous driving startup in China, announced on November 28 that it had completed the B round of financing worth several hundred million yuan.
11/28/20223 min read
Category: Auto
Showing 12 of 1692 posts in this category
BYD Expects Net Profit to Top 3.6 Billion Yuan, Up 206.76% YoY
Chinese auto company BYD announced on July 14 that it expected a net profit between 2.8 billion to 3.6 billion yuan ($413.8 million - $532 million) in the first half of 2022, up 138.59% to 206.76% year-on-year.
Only 300 of Faraday Future's 14,000 EV Pre-Orders Have Paid Deposits
California-based electric vehicle (EV) firm Faraday Future (FF) has recently released data regarding pre-orders for its FF 91 model, showing a total of just 300 units backed by a paid deposit.
2/10/20223 min read
Ministry of Industry and Information Technology: Tesla Received $329 Million in Subsidies in China Last Year
Tesla received state subsidies for 101,082 vehicles sold in the country in 2020, for a combined total of 2.12 billion yuan ($329 million), according to data released Monday by China's Ministry of Industry and Information Technology (MIIT).
Co-CEO of Alibaba-Backed IM Motors Comments on Recent Tesla Accident in China
Liu Tao, the co-CEO of Alibaba-backed IM Motors, commented on a recent fatal incident involving a Tesla vehicle in China. The executive believed that the Amercian EV maker had resorted to incredible excuses and even caused vehicle owners to monitor brake pedals with cameras.
BYD Chairman Wang Chuanfu Criticizes Autonomous Driving
During the BYD 2022 annual report communication meeting, Chairman Wang Chuanfu shared his perspective on autonomous driving in a clear and honest manner. He dismissed unmanned driving as impractical and misleading, emphasizing that advanced assisted driving is the way forward for future development.
Pop-up Advertisements in Vehicle Systems Trigger Safety Concerns
Recently, FAW-Volkswagen, Mercedes-Benz and other car companies have trended on Chinese social media because of their pop-up advertisements displayed in their vehicle systems. In fact, Great Wall Motor's HAVAL and NIO car owners have posted a few times about the same problem.
10/17/20223 min read
XPeng Co-Founder Denies Plan to Launch Extended-Range Vehicles
Henry Xia, President and Co-founder of Chinese electric vehicle maker XPeng, denied rumors on November 6 that the company may be considering adopting an extended-range power system in the future.
11/7/20223 min read
XPeng Adjusts Organizational Structure to Reverse the Downward Trend of Vehicle Sales
Chinese electric vehicle maker XPeng is adjusting its organizational structure. The restructuring started about a week ago and is still in progress. It is expected that new appointments will be announced in the next week.
Various Car Brands Announce Their Sales Figures for May
On June 1st, it was reported that with the arrival of June, the second half of 2023 officially began and various car companies have experienced explosive growth. Today, Li Auto announced its delivery data for May 2023.
Accident Involving NIO Car in Henan Province Raises Concerns
A traffic accident involving a vehicle made by NIO occurred on the morning of July 4 at the entrance to a hospital in the city of Luohe in China's central Henan Province.
7/5/20223 min read
Li Auto Responds to Incident Involving Burned Vehicle
In response to the reports that a Li One caught on fire on the highway and was burned to its frame, Li Auto's customer service confirmed the matter to the domestic media on August 2, and said that the company had set up a special investigation team.
8/2/20223 min read