The Chinese tech giant already counts more than 100 carmakers and various automotive industry players as partners.

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

Analysts says lower battery costs are enabling EV makers to discount prices amid tougher competition and efforts to take more share from petrol car manufacturers.

Seres expects its losses for last year to fall between US$295 million and US$380 million, narrowing from US$535 million in 2022.

The companies will work together to build out battery-swapping stations, which have been growing more rapidly than fixed charging in China.

Guangdong Yongao Investment Group, which operated some 80 stores across the southern province of Guangdong, notified customers last week that it had gone bankrupt and orders had been suspended.

Huawei’s new smart car unit will cover smart car equipment manufacturing, AI system integration services, and AI software development, among other areas, according to records.

BYD will invest 100 billion yuan (US$14 billion) in smart cars, as the company expects intelligent new energy vehicles to be the next industry battlefield, founder and CEO Wang Chuanfu says.

Nvidia reveals progress in China’s self-driving chip market, setting it up for competition with domestic players such as Huawei as country moves forward with autonomous driving.

Huawei returns to form in 2023 with new 5G smartphone and progress on diversification drive, although rotating chairman cautions on tough external environment in new year message.

The Shanghai-based carmaker said the ET9, an executive sedan with a host of cutting-edge technologies it has developed, will be priced at about US$112,151, and is expected in the first quarter of 2025.

A handful of Chinese technology start-ups are poised to go public during 2024 or early 2025, with most of these firms looking to make their trading debut in Hong Kong.

Hozon New Energy Automobile has started assembling vehicles in Thailand at its first overseas factory as it steps up its efforts to tap the Southeast Asian market.

Nio will team up with Zhejiang Geely to promote battery swapping technology as the two leading EV makers try to overcome poor charging infrastructure in the world’s biggest EV market.

Huawei called on current partners Seres, Chery, JAC and BAIC to take a stake in a new joint venture initiated by Huawei and Changan Automobile.

Huawei Technologies said it will provide cloud, 5G and AI solutions to Chinese copper pipe maker Hailiang Group, as the US-sanctioned telecommunications giant seeks ways to diversify its revenue streams.

The surprise announcement shows Huawei’s ambitions in the car business despite repeatedly denying that the company will make its own vehicles.

Shanghai-based Nio has formed a partnership with state-owned Changan Automobile to build EVs equipped with battery swapping technology to ease drivers’ range anxiety.

China’s largest traditional carmakers are falling behind their global peers on supply chain decarbonisation and material use efficiency, dampening the positive impact of the country’s fast roll-out of electric cars, according to a new report.

Net foreign direct investment to Thailand from China in the first six months of 2023 was up 56 per cent year-on-year to US$690 million, central bank data showed.

‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.

State-owned Changan Automobile said it plans to build an EV plant in Thailand, becoming the latest Chinese carmaker to invest in the Southeast Asian market amid cutthroat domestic competition.

Great Wall Motor and BYD Co. already have factories there, with Chongqing Changan Automobile, GAC Aion and Hozon New Energy Automobile Co. also poised to start production in the kingdom soon.

China is likely to overtake Japan as the world’s top car exporter this year, with industry executives saying ‘real export figures will beat market expectations’.

Huawei’s head of smart cars Richard Yu said during a forum that the company is having trouble finding partners amid competition at home and sanctions abroad.

China Aviation Lithium Battery (CALB) priced the shares at the bottom of its marketed range. The Hong Kong tranche, which was undersubscribed 0.21 times, has been offered to international investors.

Smart vehicles is one area that Huawei has chosen to pursue as a new revenue driver, betting on its own operating system and intelligent automotive solutions.

Ford is offering its Co-Pilot 360 driver assist software package free of charge to boost the sales of its all-electric sport-utility vehicle (SUV) Mustang Mach-E.