4 d. ago Changan Auto becomes latest Chinese carmaker to join humanoid robot bandwagon

Chinese carmakers, which are increasingly deploying robots in factories, are now moving into humanoid robotics following US rival Tesla despite a warning from Beijing about a potential investment bubble. State-owned Changan Automobile has become the latest entrant into the sector. The Shenzhen-listed company planned to invest 225 million yuan (US$31.8 million) for a 50 per cent stake in Changan Tianshu Intelligent Robotics Technology, according to an exchange filing on Friday. The company...

Politics

6 d. ago Xinhua Headlines: From exporting to partnering, Chinese carmakers forge South

Xinhua Headlines: From exporting to partnering, Chinese carmakers forge South-South cooperation in Mideast  Xinhua

Politics

8 d. ago Chinese EV makers tipped to storm global top 10 carmakers by 2030, McKinsey says

Up to five Chinese vehicle assemblers, leveraging their technology and production advantages in building electric cars, are likely to make the list of the world’s top 10 carmakers by 2030, disrupting the pecking order in the global automotive industry, according to global consultancy McKinsey. “The industry will undergo some major changes by 2030,” Guan Mingyu, a senior partner of McKinsey, told reporters in a media briefing on Thursday. “Indeed, we have already seen some signs that tremendous...

Events

9 d. ago Chinese carmakers boost robotics efforts, Xpeng posts record revenue: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape Leading Chinese electric vehicle (EV) maker Xpeng reported record quarterly revenue and sharply narrowed losses in the third quarter, even as its Hong Kong-listed shares fell on Monday after investors...

Politics

2 w. ago China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape

Leading Chinese electric-vehicle (EV) maker Xpeng reported record quarterly revenue and sharply narrowed losses in the third quarter, even as its Hong Kong-listed shares fell on Monday after investors shrugged off a bullish call from JPMorgan. The Guangzhou-based firm’s net loss narrowed by nearly 80 per cent to 380.9 million yuan (US$53.6 million) in the third quarter from 1.81 billion yuan a year earlier, according to a filing to the Hong Kong stock exchange. Revenue surged 101.8 per cent year...

Politics

3 w. ago Tesla and global carmakers race against Chinese EV rivals at expo

International brands led by Tesla are intensifying their efforts to compete with Chinese electric-vehicle (EV) manufacturers like BYD, as they showcase advanced intelligence and autonomous-driving technology to attract visitors at the world’s largest import-export trade fair in Shanghai. The 12 major carmakers, including General Motors and Volvo, are leveraging the China International Import Expo (CIIE), which runs through Monday, to promote their latest models featuring longer ranges, enhanced...

Politics