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HOZON Auto secures 5 billion yuan credit line from China CITIC Bank
HOZON Auto secures 5 billion yuan credit line from China CITIC Bank

HOZON Auto, a Chinese EV startup possessing the NEV brand Nezha, was granted a credit line worth 5 billion yuan ($772.678 million) by China CITIC Bank on March 1, the company said via its WeChat account.

Mar. 4 , 2021
Baidu’s CEO proposes boosting commercial use of autonomous cars
Baidu’s CEO proposes boosting commercial use of autonomous cars

Robin Li, chairman and chief executive officer of Baidu, calls for greater governmental endeavors to promote the commercial use of self-driving cars and accelerate the popularization of smart transport system.

Mar. 3 , 2021
Honda’s China business scores 48% YoY surge in Jan.-Feb. deliveries
Honda’s China business scores 48% YoY surge in Jan.-Feb. deliveries

For the first two months of 2021, Honda handed over a total of 239,013 new vehicles to consumers in China, posting a vigorous growth of 48% from a year ago.

Mar. 3 , 2021
Huawei, BAIC BluePark first jointly-developed model to make debut in April
Huawei, BAIC BluePark first jointly-developed model to make debut in April

The new vehicle will be equipped with Huawei’s 3 automotive-grade LiDARs, 6 millimeter-wave radars, 12 cameras, 13 ultrasonic radars as well as Huawei’s chips with 352 TOPS of computing power.

Mar. 2 , 2021
NIO intends to newly build 20 NIO Houses, 120 NIO Spaces in 2021
NIO intends to newly build 20 NIO Houses, 120 NIO Spaces in 2021

NIO plans to open 20 new NIO Houses and 120 new NIO Spaces in 2021, as part of efforts to expand and strengthen its sales and service networks, William Bin Li, founder, chairman and CEO of NIO, said at the company’s Q4 2020 earnings conference call.

Mar. 2 , 2021
Xpeng Motors’ Jan.-Feb. auto deliveries rocket 577% YoY
Xpeng Motors’ Jan.-Feb. auto deliveries rocket 577% YoY

Chinese EV startup Xpeng Motors announced it delivered 2,223 new vehicles in February, traditionally an off-season for car shopping in China.

Mar. 2 , 2021