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Smart car should be priced at least 150,000 yuan to be profitable: XPeng’s chairman
Smart car should be priced at least 150,000 yuan to be profitable: XPeng’s chairman

A profitable smart car should be priced at least 150,000 yuan ($23,460) and the number will be available even in the year of 2025, He Xiaopeng, Chairman and CEO of XPeng Inc., said at the 13th China Auto Bluebook Forum kicking off on June 10.

Jun. 10 , 2021
Huawei ambitious to help passenger vehicle fully driverless in 2025
Huawei ambitious to help passenger vehicle fully driverless in 2025

Huawei’s autonomous driving group aims to make a passenger vehicle truly driverless in 2025, Wang Jun, President of Huawei’s Smart Car Solutions Business Unit (BU), revealed at the 13th China Auto Bluebook Forum on June 10.

Jun. 10 , 2021
Baidu-Geely EV venture sets up new company
Baidu-Geely EV venture sets up new company

The new company’s business covers technology service, technology development of new energy complete vehicles and new energy vehicle parts, sales of new energy vehicles and production test equipment.

Jun. 10 , 2021
Changan sells less vehicles in May
Changan sells less vehicles in May

Thanks to its outstanding sales performance in the first four months, its cumulative sales of the first five months exceeded 1 million units.

Jun. 9 , 2021
Chinese LiDAR maker Hesai closes $300 million plus Series D financing
Chinese LiDAR maker Hesai closes $300 million plus Series D financing

Hesai, a Shanghai-based LiDAR manufacturer, announced on June 8 the completion of its Series D funding with over $300 million raised. The latest financing round was led by GL Ventures, Xiaomi, Meituan, and CITICPE.

Jun. 8 , 2021
Wholesale sales of Tesla China-made vehicles up 202% YoY
Wholesale sales of Tesla China-made vehicles up 202% YoY

In the first five months, the automker’s domestic cumulative sales stood at 128,588 units.

Jun. 8 , 2021