autonomous driving Tag

17 Mar Premium Chinese EV maker Xpeng eyes slice of mass-market segment with launch of cheaper models to take on bigger rival BYD

Posted at 05:00h in Asia

Chinese premium electric-vehicle (EV) maker Xpeng plans to launch a mass-market brand in a month to challenge market leader BYD amid an escalating price war.Models under this new brand will be fitted with autonomous driving systems and will be priced between 100,000 yuan (US$13,897) and...

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13 Mar China EV war: BYD prices a fifth car below 100,000 yuan threshold as it takes offensive in market-share battle

Posted at 05:30h in Asia

“BYD appears to be extremely aggressive in driving a transition from petrol cars to EVs in the country’s automotive industry,” said Eric Han, a ­senior manager at Suolei, an advisory firm in Shanghai. “The cheap models will also draw middle-income consumers who have become price...

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12 Mar China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

Posted at 06:03h in Asia

Chinese smartphone maker Xiaomi will start deliveries of its maiden electric vehicle (EV) on March 28 as it joins the fray against established players like BYD and Tesla amid an ongoing discount war in the highly competitive domestic market.The Beijing-based company said on Tuesday orders...

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01 Mar Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks

Posted at 14:30h in Asia

The smart mobility segment of Hong Kong’s Smart City initiative includes the development of an intelligent transport system. Illustration: Dennis WongLam indicated that the city is currently looking at the feasibility of deploying autonomous vehicles, each with space for more than 10 people, to serve...

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29 Feb Volkswagen teams up with Xpeng to develop 2 electric cars as it hopes to regain lost ground in the world’s largest EV market

Posted at 04:46h in Asia

“In the world’s largest and fastest-growing EV market, speed is fundamental when it comes to tapping into promising market segments,” Volkswagen’s China chief executive Ralf Brandsatter said in the statement.“Through the partnership with Xpeng, we are not only accelerating development times, but also boosting efficiency...

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28 Feb Geely’s Zeekr 001 takes on Tesla’s Model 3 with 10% price cut as discounts deepen in China’s EV market

Posted at 07:30h in Asia

Geely’s premium electric-vehicle (EV) unit Zeekr has cut prices by 10 per cent, joining the fray against mainland Chinese rivals after BYD fired the first salvo this month.The refreshed versions of the Zeekr 001, which competes with Tesla’s Model 3, are now priced at 269,000...

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26 Feb Chinese EV maker Nio deal to license technology to Middle East start-up Forseven, unit of Abu Dhabi’s CYVN Holdings

Posted at 14:10h in Asia

Chinese electric-car builder Nio has signed a deal to license its technology to Forseven, a unit of Abu Dhabi government fund CYVN Holdings, in the latest sign of China’s increasing influence in the global electric vehicle (EV) industry.Shanghai-based Nio, via its subsidiary Nio Technology (Anhui),...

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23 Feb Geely-backed luxury EV maker Lotus Tech to launch autonomous driving cars in 60 Chinese cities this year

Posted at 13:05h in Asia

Lotus Technology, a luxury electric-vehicle (EV) maker, plans to put its semi-autonomous driving system into operation across 60 mainland Chinese cities this year.The company, a division of British sports car company Lotus Group in which Chinese carmaker Zhejiang Geely Holding owns a majority stake, will...

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22 Feb Autonomous cars: Chinese start-up Haomo, backed by Great Wall Motor, raises fresh capital to develop driverless tech

Posted at 10:32h in Asia

Wufa is an investment group funded by the local government of Chengdu, capital of Southwest China’s Sichuan province.The Series B1 fundraising comes after Haomo netted more than 1 billion yuan of capital in previous rounds of financing carried out since the company’s establishment in 2019.Its...

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20 Feb Chinese EV maker Xpeng unveils capex blitz as it sees no let-up in market bloodbath

Posted at 10:43h in Asia

The letter goes on to say that 30 new models will be launched by the company over the next three years. Xpeng confirmed the contents of the letter.An Xpeng Inc. G9 electric vehicle at the Shanghai Auto Show on April 24, 2023. Photo: BloombergAccording to...

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