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Hesai to help WeRide develop advanced hardware platform for autonomous cars
Hesai to help WeRide develop advanced hardware platform for autonomous cars

Hesai Technology and WeRide formed a strategic partnership on July 16 to co-explore and work on autonomous driving technologies, vehicle-infrastructure cooperative system, and relevant working scenarios.

Jul. 16 , 2021
WM Motor sells 15,665 vehicles in H1, to launch new sedan
WM Motor sells 15,665 vehicles in H1, to launch new sedan

In the second half of this year, WM Motor plans to launch the M7, its first battery electric sedan and the first model from its M family.

Jul. 16 , 2021
CATL, Tencent Cloud to co-build AI joint innovation base
CATL, Tencent Cloud to co-build AI joint innovation base

Chinese power battery giant CATL and Tencent Cloud entered into a strategic cooperation agreement on July 15 to co-boost intelligence upgrade for the new energy industry, according to a post on Tencent Cloud’s WeChat account.

Jul. 16 , 2021
EV startup Leapmotor eyes 800,000-unit annual sales by 2025
EV startup Leapmotor eyes 800,000-unit annual sales by 2025

Leapmotor said on July 15 it is ambitious to sell 800,000 vehicles per year by 2025. It expects its annual sales to reach 62,400 units this year.

Jul. 15 , 2021
Shanghai eyes over 1.2 million units in NEV annual outputs by 2025
Shanghai eyes over 1.2 million units in NEV annual outputs by 2025

Shanghai expects its annual new energy vehicle (NEV) output volume to exceed 1.2 million units and the output value of the NEV industry to top 350 billion yuan ($54.073 billion) per year by 2025, according to Shanghai municipal government.

Jul. 14 , 2021
Alibaba-backed Banma secures 3 billion yuan from four existing shareholders
Alibaba-backed Banma secures 3 billion yuan from four existing shareholders

Banma Network Technology (Banma), a Chinese Internet car solution provider, nabbed 3 billion yuan ($463.485 million) worth of capital from its four existing shareholders, namely, Alibaba Group, SAIC Group, CMG-SDIC Capital, and Yunfeng Capital.

Jul. 14 , 2021