June 25, 2024

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Xiaomi Automobile’s sole shareholder changed

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Xiaomi Automobile’s sole shareholder adjusted


Picture credit history: Xiaomi

In accordance to the enterprise info supplier Tianyancha, the sole shareholder of Xiaomi Vehicle Co.,Ltd., the electric powered auto unit of the smartphone large Xiaomi, has altered to the HK-registered Xiaomi EV Restricted from Xiaomi Communications Co., Ltd.

Good Wall Motor launches ‘GWM’ model in Laos

Chinese automaker Wonderful Wall Motor declared on Oct. 19 the launch of the automobile brand name “GWM” in Laos with the income of the 3rd-generation Haval H6, the Haval Jolion, and the Terrific Wall POER starting there at the exact time.

China’s MIIT soliciting public views for recommendations about NEV protection method design

China’s Ministry of Market and Details Technology is soliciting public viewpoints for the guidelines about even further strengthening the construction of new energy motor vehicle basic safety process. In accordance to the draft doc, NEV suppliers need to well timed re-evaluate the qualification of their suppliers. In addition to, core auto parts suppliers are encouraged to open up requisite facts and agreements about product safety and top quality analysis.

MIIT’s formal claims car chip crunch anticipated to relieve in Q4 compared to Q3

Chinese auto market is even now considerably impacted by the chip provide constrain, whilst the trouble is anticipated to ease in the fourth quarter as opposed to the third quarter, Luo Junjie, spokesman with the MIIT, explained on Oct. 19 at a press meeting.

Horizon Robotics partners with Trunk.Tech for autonomous truck commercialization

China’s AI technology developer, Horizon Robotics, has partnered up with autonomous truck provider provider Trunk.Tech to accelerate mass production of automatic commercial vehicles.

Baidu Apollo introduces two new designs primarily based on WM W6

Baidu Apollo unveiled two new mass-produced automobile products constructed on auto startup WM Motor’s W6, a new-era Apollo Moon, and a design run by Baidu smart driving and parking systems.

XPeng’s flying auto business financial institutions $500 mln in Collection A funding

HT Aero, the electric powered traveling car or truck organization owned by XPeng Motors, introduced on Oct. 19 it nabbed around $500 million in the Series A funding round, which will benefit it at much more than $1 billion.

Geely Vehicle intends to obtain a further 10{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} shares in ZEEKR

Geely Auto Holdings Confined (“Geely Auto” or “the Company”) entered into a framework arrangement with Geely Team Minimal (“Geely Group”) on Oct. 18 for the proposal to receive from the latter 220 million shares of ZEEKR, which represented all-around 10{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of ZEEKR’s shares issued as of the agreement signing day, in accordance to Geely Auto’s announcement.

Qihoo 360 to spend RMB2.9 billion to be next-major shareholder of HOZON Car

China’s cybersecurity provider supplier, Qihoo 360 (360), released a notice stating the company’s plan to spend RMB2.9 billion ($451 million) in HOZON Automobile, the Chinese startup possessing the EV manufacturer NETA.

GAC, NIO-connected HYCAN’s 2nd design Z03 hits sector, setting up at 132,800 yuan just after incentives

HYCAN, a Chinese EV innovator backed by GAC Group and NIO, declared on October 18 its 2nd mass-generated design, the Z03, formally hit the market place with 4 trim degrees available. Post-subsidies prices vary from 132,800 yuan ($22,670) to 168,800 yuan ($26,270).

Xiaomi Car expects mass output in early 2024

On Oct. 19, the chairman of Xiaomi, Lei Jun, disclosed that Xiaomi’s automaking progress has significantly surpassed his anticipations and mass generation of autos will commence in the 1st fifty percent of 2024.

Geely’s ZEEKR sees initially generation design 001 depart assembly line

On Oct. 19, the initial mass-developed ZEEKR 001 rolled off the creation line at ZEEKR’s Ningbo-primarily based plant, that means the Geely-owned quality electric powered auto (EV) brand name has started the volume manufacturing of its first automobile design. Shipping of the ZEEKR 001 will kick off on Oct. 23, in accordance to the automaker.

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