Page 5 - Peng News Today

Chinese Premier Li Qiang held a study session with his cabinet on Monday, vowing to tackle barriers to forming a vast market.

NIO Technology Updates: The agreement will give electric car startup Forseven a global license to use Nios technical information and software for the research and development, manufacturing, and distribution of its vehicles, the filing said.

The company, a division of British sports car company Lotus Group in which Chinese carmaker Zhejiang Geely Holding owns a majority stake, will focus on the premium segment despite cheap models dominating the mainland EV market.

Beijing has already recognised overcapacity as a major challenge for 2024, as US and European Union anti-dumping probes and tariffs disrupt trade.

XPENG announces dealer partnerships in UAE, Egypt, Azerbaijan, Jordan and Lebanon, marking several

Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, has raised 100 million yuan (US$13.9 million) in a new round of financing buoyed by Chinese drivers’ growing appetite for intelligent vehicles.

Xpeng Future Plans: Multiple Xpeng models will go on sale in the five Middle East and North African countries starting in the second quarter of this year, the company said in a statement on its WeChat account.

Striving to reduce local government debt while boosting China’s local-level economies through investment is seen as a conflicting approach, while a decline in construction machinery operations does not bode well.

The product will be used on the X9 MPV as well as XPeng’s next electric B-class sedan, with start of production planned for Q3 2024. The high voltage hairpin (HVH) 220 eMotor offers high power and torque density, plus higher efficiency at a competitive cost. It also provides outstanding durability, BorgWarner said.

Lu Dewen, a sociology professor specialising in rural governance at Wuhan University, warns of a trend of superficiality rather than substance amid China’s sluggish economic recovery.