News
NIO-branded new model code-named ‘Gemini’ to be launched next year
NIO-branded new model code-named ‘Gemini’ to be launched next year

Last month, a report saying NIO would launch an entry-level vehicle model code-named “Gemini”. In response to the report, Qin Lihong, co-founder of NIO, recently said the “Gemini” is a new vehicle the startup plans to launch next year.

Jun. 7 , 2021
Why Chinese Internet giants race to dive into car business
Why Chinese Internet giants race to dive into car business

One of the main reasons for Internet tech companies’ zeal in car cause is the huge market potential of smart cars and new energy vehicles (NEVs) in China.

Jun. 7 , 2021
SAIC Motor sees May 2021 sales slide 14.02% from a year ago
SAIC Motor sees May 2021 sales slide 14.02% from a year ago

SAIC Motor said its complete vehicle sales reached 406,735 units in May 2021, dropping 14.02% compared to the same period in 2020.

Jun. 4 , 2021
Xiaomi-backed fund invests in autonomous driving startup ZongMu Technology
Xiaomi-backed fund invests in autonomous driving startup ZongMu Technology

Chinese autonomous driving startup ZongMu Technology announced on June 3 the completion of its Series D funding with a total of $190 million raised.

Jun. 3 , 2021
Meituan unmanned delivery team to be nearly tripled in size
Meituan unmanned delivery team to be nearly tripled in size

In the next 3 years, Meituan aims to expand its unmanned delivery operation to such cities as Shanghai, Shenzhen and increase its vehicles to 10,000.

Jun. 3 , 2021
Honda’s China deliveries fall 4.1% year on year in May 2021
Honda’s China deliveries fall 4.1% year on year in May 2021

Japanese automaker Honda said on Thursday it delivered 128,713 new vehicles in China last month, posting a year-on-year drop of 4.1%.

Jun. 3 , 2021