Jill Shen

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Articles

Chinese car buyers expect higher prices next year: UBS

Jan 17, 2025 | technode.com | Jill Shen

Chinese consumers are anticipating big increases in car prices next year, as the central government gradually phases out its incentives for vehicle purchases. This could result in a surge in car sales amid eased competition for automakers through the end of this year, a UBS analyst said on Tuesday.
China’s Horizon Robotics envisions to offer truly hands-off driving in three years · TechNode

Jan 15, 2025 | technode.com | Jill Shen

China’s Horizon Robotics is confident to be part of a self-driving future where hands-off driving systems could be rolled out in three years. This could be followed by the wide adoption of eyes-off driving functions two years after that, before full autonomy becomes a reality by roughly 2035, founder and CEO Yu Kai told reporters in Shanghai on Monday.
Great Wall Motor and Zeekr show off new technology at CES 2025 · TechNode

Jan 9, 2025 | technode.com | Jill Shen

China’s Great Wall Motor and Zeekr are showcasing their new vehicles with assisted driving technologies and artificial intelligence-driven digital cockpit software at this year’s Consumer Electronics Show in Las Vegas, referring to themselves as global AI tech companies rather than just car manufacturers.
China's Geely, Changan, and GAC set ambitious 2025 sales goals · TechNode

Jan 7, 2025 | technode.com | Jill Shen

Chinese automakers Geely, Changan, and GAC have set annual double-digit growth targets for 2025, driven by aggressive product launches and overseas expansions, despite growing uncertainty over European import tariffs and sluggish demand at home. Why it matters: The goals come amid a challenging competitive outlook for the Chinese car market, as experts expect competition to only increase with more price-cutting moves to be taken by automakers this year.
Xiaomi’s first SUV could go on sale alongside new foldable phones · TechNode

Dec 11, 2024 | technode.com | Jill Shen

Xiaomi is set to launch its first electric sports utility vehicle model next summer, aiming to rival Tesla’s best-selling Model Y and serve as another growth driver following the immediate success of its debut consumer car. Why it matters: The launch, scheduled for next June or July, announced by Xiaomi’s chief executive Lei Jun on Monday via the Chinese microblogging platform Weibo, coincides with the company’s typical unveiling of its new flagship phones.
Chinese EV sales climb in November ahead of holiday season

Dec 3, 2024 | technode.com | Jill Shen

At least six Chinese private automakers, including BYD, Geely, and Leapmotor, have set new records for electric vehicle deliveries in November, as Beijing’s stimulus packages have drawn millions of buyers to their showrooms, ahead of the Lunar New Year holiday season in January.
China's Pony.ai sees shares fall 7.7% in direct listing debut · TechNode

Nov 28, 2024 | technode.com | Jill Shen

Shares of Chinese self-driving car startup Pony.ai fell 7.7% below their issuance price following the company’s debut on the Nasdaq stock exchange on Wednesday, as it notched a valuation of $5.25 billion in its long-awaited US initial public offering (IPO).
UBS auto analyst on EU tariffs, China EV price war, and more

Nov 26, 2024 | technode.com | Jill Shen

The news that China and Europe are moving closer towards a potential agreement regarding electric vehicle tariffs is “a very positive message” for Chinese automakers to establish a more solid presence in this highly mature and strategically important market, a UBS analyst said on Monday.
JETOUR: China’s Jeep and Land Rover looks for a way forward

Nov 20, 2024 | technode.com | Jill Shen

A dozen buses carrying around 300 journalists and influencers stopped in front of a car assembly plant in the eastern Chinese city of Fuzhou. The city used to be known for Chinese olives and white tea but is now the scene of 200,000 JETOUR cars rolling off the assembly lines each year, to be shipped around the world from Peru to South Africa.
China’s GAC ramps up global push with new budget car

Nov 15, 2024 | technode.com | Jill Shen

Chinese automaker GAC is ramping up its overseas push with the debut of a budget electric vehicle model featuring an instant connection with mobile devices and a spacious interior for passengers and cargo at an expected price tag of RMB 100,000 ($13,820). The third global model under GAC’s electric vehicle marque Aion, the Aion UT is a compact hatchback with a wheelbase of 2,750 millimeters, but offers the most back-row legroom in its class with 905 mm of space, according to the company.