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Local Chinese firms can meet less than 5% of auto chip demand

With the rapid development of smart cars in China, the dependence of chip supply on overseas markets has become a focus of attention. Chinese local...

Hyundai Motor Group Completes Acquisition of Boston Dynamics from SoftBank

Hyundai Motor Group (the Group), Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), today announced the completion of the Group's acquisition of a controlling...

Borgward Auto Owned by UCAR to Undergo Bankruptcy Proceedings

Borgward Auto, owned by Chinese travel and auto services firm UCAR, is to undergo bankruptcy proceedings, with a public announcement to be issued as...

Top economists call for budget measures to speed the switch to electric cars

Peter Martin, Crawford School of Public Policy, Australian National University Australia’s top economists overwhelmingly back government measures to speed the transition to electric cars in...

Chip shortage’s impact on China’s first-half auto sales within 10%, says auto association

In the view of the China Association of Automobile Manufacturers (CAAM), the biggest impact of the chip shortage on China's auto industry will be...

Huawei betting big on its auto business with aggressive hiring

Chinese tech giant Huawei is placing heavy bets on its automotive business, with the latest job postings showing the company wooing talent with attractive...

Analysts expect worst time for China’s auto industry to be over soon

Tight chip supply is one of the most significant headwinds lingering in China's auto sector, and in analysts' view, the problem could be over...

Fisker and Magna Sign Long-Term Manufacturing Agreement

Fisker Inc. announced it signed a binding agreement supporting manufacturing with Magna International Inc. (“Magna”). Along with the previously signed agreements on electric vehicle...

OPPO execs reportedly visited Li Auto to speed up car-building plans

Chinese smartphone giant OPPO's car-building project is still in the research phase and has not been officially launched yet, but executives from the company...

NIO Capital invests in online used car dealer Uxin

Chinese used car dealer Uxin said Tuesday it has signed a definitive agreement with Chinese electric vehicle (EV) maker NIO's venture capital arm NIO...

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