The race to become the leader of clean energy vehicles in the world’s largest auto market is on, with more and more tie-ups established between China’s tech giants and traditional automakers.
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Chinese search engine and AI company Baidu has confirmed that Mobike co-founder Xia Yiping will be the chief executive of their new electric vehicle venture with Geely, the company said.
China’s Zhejiang Geely Holding Group plans to set up a separate unit to explore marketing and sales of electric cars, Reuters reported citing people familiar with the matter.
Chinese smartphone maker Xiaomi has decided to build cars, amid a period of stagnant growth across the global smartphone industry, according to Chinese media outlet LatePost.
Baidu has hired Xia Yiping, the co-founder of bike-sharing firm Mobike to be the chief executive of its new electric car company, operating in tandem with automobile manufacturer Geely, according to reports.
Leading Chinese electric vehicle manufacturer NIO Inc. said on Feb. 4 that it will spend 5.5 billion yuan (approximately $850 million) to purchase 3.305% of its subsidiary entity NIO China from two investors.
Tesla announced on Wednesday that its supercharger manufacturing plant in Shanghai is now operational, less than six months after the project was launched in August last year.
Tesla said it delivered its first batch of Shanghai-made Model Y vehicles to customers in China on Monday, marking another milestone for the U.S. electric vehicle maker in the world’s largest EV market.
Nio’s unveiling of its first luxury electric sedan, the ET7, along with an announcement of a groundbreaking solid-state battery that could be released as soon as next year ignited much interest from investors.
Shares of Chinese electric vehicle (EV) company Nio jumped as much as 14% on Monday, propelling the carmaker to a market valuation of more than $100 billion, making the start-up the third most-valued automaker after Tesla and Toyota. Monday’s gains followed the success of the company’s annual Nio Day over the weekend, when it announced…
China’s leading electric vehicle (EV) start-up NIO Inc. released its first electric sedan with self-driving technology during the firm’s fourth NIO Day last Saturday in Chengdu, taking the fight to Telsa.
Chinese Internet behemoth Baidu today announced its plan to partner with auto manufacturer Zhejiang Geely Holding Group, establishing a company that will produce intelligent electric vehicles (EV).
We are seeing more and more internet companies jumping into the deep end of the auto-tech industry.
China’s search engine giant Baidu is in talks with automakers about the possibility of making its own electric vehicles, three people with knowledge of the matter said, according to a Reuters report.
On Dec.13, the Intelligent Electric Vehicle Summit Forum was held in Shanghai. Fu Bingfeng said during the conference that China will become the largest motor vehicle owner in the world by the end of 2020.