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Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry. The new brand Qiankun, symbolizing a combination of heaven and the Kunlun Mountains, plans to provide self-driving systems involving the driving chassis, audio and driver's seat, Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solution (IAS) business unit, said during an event ahead of the Beijing auto show.

Chinese tech company Huawei unveiled a new software brand for intelligent driving, marking its latest push to become a major player in the EV industry.

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The facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant. The complex opened in 2017 with robots and other equipment to make gasoline-powered cars. Hyundai sold the campus late last year for a fraction of the $1.1 billion it took to build and equip it. Unmown grass at the site has grown knee high.

Chinese state-owned auto producer Chery Automobile will build an electric vehicle (EV) factory in Thailand after more than two years of discussions with Thailand's Board of Investment (BOI), which has secured multiple other EV-related investment.

Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.

Initial capacity for 50,000 electric and hybrid vehicles per year

BANGKOK -Chinas Chery Automobile will set up a plant in Thailand that will make vehicles for both the domestic and export markets, with production slated to begin in 2025, Thailands... -April 21, 2024 at 11:29 pm EDT - MarketScreener

China's Chery Automobile will set up a plant in Thailand that will make vehicles for both the domestic and export markets.

A Chinese supermarket in Abuja has come under fire after Nigerians were allegedly denied entry. Only individuals of Chinese origin were reportedly allowed in.