Automotive

Cyngn Secures $9.65 Million in Direct Offering to Fuel Autonomous Vehicle Technology Growth

Cyngn Inc. successfully raises $9.65 million in a registered direct offering to fund its autonomous vehicle technology development and working capital needs.

Europe’s First Commercial Robotaxi Service Launches in Croatia Through Uber, Pony.ai, and Verne Partnership

Uber, Pony.ai, and Verne launch Europe's first commercial robotaxi service in Zagreb, Croatia, marking a significant advancement in autonomous mobility.

Dow Plunges into Correction Amid Middle East Tensions and War Fears

Dow Jones Industrial Average enters correction territory as Middle East tensions and Iran war fears drive a broad market sell-off and surge in oil prices.

ASEAN Summit in May to Focus on Critical Issues Amidst Middle East Conflict

ASEAN Summit in May to proceed with a trimmed agenda focusing on key issues like fuel supplies, food prices, and migrant workers, amidst the Middle East conflict.

Huawei’s New AI Chip Gains Traction with ByteDance and Alibaba Amidst Nvidia Restrictions

Huawei's new Ascend 950PR AI chip is gaining significant orders from ByteDance and Alibaba, challenging Nvidia's market share amidst U.S. export restrictions.

Great Wall Motors’ Electric Brand Ora Introduces Upgraded Good Cat Model with Extended Range

Ora, the electric brand of Great Wall Motors, has recently unveiled the 2023 version of its retro-inspired Good Cat model, which boasts an array...

Nio aims to double 2023 sales figures, hopes to be profitable by Q4

China's leading electric carmaker Nio is anticipating a significant increase in sales for 2023, with expectations of doubling figures from the previous year. This...

Tesla Engineers Reveal Plans to Cut Assembly Costs in Half for Future Vehicles

Tesla is looking to drastically reduce assembly costs for its next-generation vehicles, according to engineers who spoke at the company's recent investor meeting. Lars...

GAC Honda Unveils Integra Hatchback in China: A New Model for the Younger Generation

GAC Honda, the joint venture between Honda Motor Company and China's Guangzhou Automobile Group, recently launched its new offering, the Integra Hatchback, in Guangzhou,...

Experts Predict China’s NEV Market to Sustain Rapid Growth Amid Rising Demand and New Models

China's new energy vehicle (NEV) market is poised for continued growth, despite a lackluster start to the year. Experts and industry executives predict that...

Haval Launches New Plug-In Hybrid Dargo as Part of Expanding NEV Portfolio

Haval, a brand of Great Wall Motors, launched its plug-in hybrid Dargo on Monday, showcasing the company's efforts to explore opportunities in the burgeoning...

Traditional Premium Brands Lose Steam in China’s Electric Vehicle Market as Chinese Startups Soar

Once a popular choice for those seeking to stand out in the crowded urban streets of China, niche premium brands like Lexus and Infiniti...

SAIC Audi Q6: A Flagship Roadjet Poised to Satisfy Drivers’ Cravings for Performance and Poetry

Amidst the hustle and bustle of city life, there exist individuals who yearn for more than just the monotonous routine of commuting back and...

Geely’s premium electric brand Zeekr’s MPV chosen as official vehicle of 19th Asian Games

Geely's premium electric brand, Zeekr, has announced that its MPV, the Zeekr 009, will serve as the official vehicle of the 19th Asian Games...

Leapmotor Launches C11 SUV with Range Extender Technology to Reduce Fuel Consumption

Chinese electric vehicle (EV) startup Leapmotor has announced the start of pre-sales for its first range-extending SUV C11. The model, priced between 159,800 yuan...

China’s Charging Infrastructure Sees Nearly 100% YoY Growth, Totaling 5.2 Million Units

China's charging infrastructure has experienced tremendous growth in 2022, with a near 100 percent year-on-year increase, bringing the total number of charging units to...

Changan Launches Presales of Yida Sedan to Compete in China’s Compact Car Market

Chinese automaker Changan has announced the presales of its latest sedan, Yida, in a bid to increase its share of the highly competitive compact...

Chinese Scientists Unveil EV Powered by Sodium-Ion Battery

Chinese scientists have made a significant breakthrough in the commercialization of an emerging technology in the electric vehicle (EV) market. They unveiled an electric...

Chery’s Marque Exeed Launches Flagship SUV Yaoguang to Expand in China’s Premium Market

Exeed, Chery's marque, has launched its flagship SUV, Yaoguang, with the aim of expanding its footprint in China's highly competitive premium vehicle market. According...

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