Chinese new energy vehicle startups betting on new brands to chase sales growth
Industry experts, however, warn that the capital-intensive push carries massive financial risks, with failed new-brand ventures potentially burning billions of yuan.
Cao Yingying
Chinese carmakers set sights overseas
The new energy vehicle startup Xpeng shipped the first batch of 300 right-hand drive X9 MPVs overseas on Feb 22. The vehicles will mainly be sent to the Southeast Asian market,…
EV startups stretch out to smartphone market
In the era of intelligent electric vehicles, a trend has emerged where car manufacturers venture into the smartphone market, blurring the lines between industries as technology…
Robotaxis in Beijing open new chapter of intelligent transport
The city granted licenses to operate fully driverless robotaxi services to Chinese tech giant Baidu and autonomous vehicle startup Pony.ai, earlier this month.
Chinese regulator supporting green development of new energy vehicles
The Chinese government has handed out nearly 150 billion yuan ($23.67 billion) in subsidies for new energy vehicles since 2009.