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Fortunes turn for NEV startups as sales grow

Nio’s Onvo subbrand showcases the L60 SUV at Auto Guangzhou on Nov 21. CAO YINGYING/CHINA DAILY Despite the high research and development and distribution costs that once led to sustained losses for China’s new energy vehicle startups, the situation is improving. Some companies are now seeing profits, and others are on the verge of doing…

China leads across the board in global EV race

A visitor gets to grips with a Nio cabin at the World Artificial Intelligence Conference in Shanghai in July 2024. CHINA DAILY China is the top-performing market in the global automotive transformation, driven by advances in electrification, charging infrastructure and AI-enabled driver-assistance systems, according to a new report from consultancy Roland Berger. The 14th edition…

CHN Energy’s new power unit to cut carbon emissions sharply

The country’s single largest and most efficient gas-fired power unit has been brought online at China Energy Investment Corp’s (CHN Energy) Anji power plant in Zhejiang province, marking a significant step in the nation’s energy transition efforts. The No 1 gas-fired generating unit at the CHN Energy Anji plant successfully completed a 168-hour full-load trial…

Full speed ahead for intelligent vehicles

China is rapidly advancing Level 3 autonomous driving technology commercialization, supported by government policies and the accelerated testing and development by automotive enterprises. The Ministry of Industry and Information Technology and seven other departments released a work plan in September, outlining conditional approval for L3 vehicle production and encouraging revisions to road safety and insurance…

Volkswagen’s road to reinvention arrives at Hefei

For the first time in its history, Volkswagen can conduct end-to-end vehicle R&D outside Germany, as the largest European automaker completes its new test workshops in Hefei, Anhui province. “We have now created all the conditions necessary to develop, test and locally manufacture the next generation of intelligently connected vehicles,” said Volkswagen Group CEO Oliver…

Accelerating green transition of ‘Made in China’

CHINA DAILY As global climate efforts intensify and the energy transition accelerates, the international community is converging on the imperative need to transform manufacturing along green and low-carbon pathways. President Xi Jinping has put forward the concept that “lucid waters and lush mountains are invaluable assets”. Embracing this concept, China has undergone a fundamental shift…

Equal access to intelligent driving foreseen

Large-scale applications and stable, mass production of advanced driver-assistance systems (ADAS) are key to accelerating the democratization of high-level driving technologies and benefiting a broader range of consumers, said Zhang Lin, chairman and CEO of domestic ADAS tech company Freetech. “With the accelerated mass rollout of Level-2 assisted driving products, more advanced functions will gradually…

Tapestry expanding its footprint to more cities

A visitor tries out a handbag at Tapestry Inc’s booth during the eighth China International Import Expo in Shanghai on Nov 6. CHINA DAILY Buoyed by China’s resilient consumer demand, Tapestry Inc, a United States-based luxury goods company, plans to add over 60 new stores in China over the next three years, expanding its footprint…