Visitors check out a PonyTron smart truck during a high-tech expo in Shanghai. [Photo by WU JUN/FOR CHINA DAILY] Pony.ai, an autonomous driving technology startup, said on Monday that it has completed the first close of its Series D financing. The company did not offer the sum it has raised in this round, saying that… Continue reading Pony.ai completes first close of Series D round
Author: China Daily Online News
Stellantis ignores Chinese market in new 2030 strategy
European carmaker focusing efforts in home continent and the United States. [Photo provided to China Daily] European carmaker focusing efforts in home continent and the United States When France’s PSA and Italian-American Fiat Chrysler merged into Stellanits in January 2021, CEO Carlos Tavares vowed to find “what went wrong” for its struggling business in China.… Continue reading Stellantis ignores Chinese market in new 2030 strategy
NEV industry to keep up rapid growth in 2022
Employees work on an NEV assembly line in Yuncheng, Shanxi province, on Jan 15. [Photo by YAN XIN/FOR CHINA DAILY] The Ministry of Industry and Information Technology said on Monday that China’s new energy vehicle industry is expected to sustain fast growth this year, and the ministry will moderately accelerate development of resources such as… Continue reading NEV industry to keep up rapid growth in 2022
China’s first commercial license for unmanned driving services issued
A car with automatic parking assistance system takes part in a remote automatic parking test at the research and development center of the Changan Auto in Chongqing, Southwest China, May 27, 2021. [Photo/Xinhua] TAIYUAN — The city of Yangquan in North China’s Shanxi province on Friday issued a license to Baidu for the commercial operation… Continue reading China’s first commercial license for unmanned driving services issued
FAW, BYD jointly launch battery production project
CHANGCHUN — China’s leading automaker First Automotive Works (FAW) and leading new-energy vehicle (NEV) manufacturer BYD kicked off construction of a battery production facility in Changchun, capital of Northeast China’s Jilin province, on Saturday. With a total investment of 13.5 billion yuan (about $2.14 billion), the project is expected to meet the needs of one… Continue reading FAW, BYD jointly launch battery production project
Porsche to set up R&D facility in China
A visitor takes a picture of a Porsche Taycan electric car at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany on Sept 12, 2019. [Photo/Agencies] German sports car maker Porsche is setting up a research and development facility in Shanghai this year, because vehicles developed in Germany do not necessarily best meet the demands… Continue reading Porsche to set up R&D facility in China
Autonomous driving vehicles available for trying out in Beijing
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Video: Hydrogen vehicles fuel Beijing Winter Games
The Beijing Winter Olympics and Paralympics feature a large number of hydrogen fuel cell vehicles and more than 30 refueling stations to reduce pollutant emissions, making it the world’s largest demonstration of hydrogen fuel cell vehicle operation. Under the background of carbon neutralization, hydrogen energy has obvious advantages and can effectively overcome many factors such… Continue reading Video: Hydrogen vehicles fuel Beijing Winter Games
Chinese auto parts manufacturer CITIC to set up 3rd plant in Morocco
A worker is seen in the factory of auto parts manufacturer CITIC Dicastal. [Photo/group.citic] RABAT — The Chinese auto parts manufacturer CITIC Dicastal on Wednesday kicked off the launching ceremony of its third plant in Morocco. With an investment of $200 million, the new factory will create 760 jobs for the local community. The ceremony was… Continue reading Chinese auto parts manufacturer CITIC to set up 3rd plant in Morocco
China’s NEV sales surge in January
Customers inspect a vehicle at a Li Auto dealership in Foshan, South China’s Guangdong province. [Photo provided to China Daily] BEIJING — Sales of new energy vehicles in China surged in January as the market gained steam prior to the Chinese New Year holiday, data from the China Passenger Car Association showed on Monday. Approximately… Continue reading China’s NEV sales surge in January