Automundo China

Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.

China's vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show. Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. Xiaomi announced that it had received more than 75,000 orders in the four weeks since the launch of its first car, the SU7, with a list price of 215,900 to 299,900 yuan ($29,800-$41,400).

Recently, the U.S. and Europe have been hyping that China has reached overcapacity in the new energy industries. This episode will refute the accusation from a perspective of capacity utilization.

Plus, Honda and Toyota invest billions into North America, and the UAW gets a big win

Volkswagen (VW) has gone out on a styling limb with its sleek new ID. Code concept car that made its world premiere at the Beijing Auto Show on Thursday.

It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies has two huge booths at this week's event, and there are at least seven Chinese automakers touting its Qiankun installed in their cars as the most sophisticated advanced driving assistance system (ADAS) to date. Even Germany's Volkswagen will equip its China-made, China-bound Audi Q6L e-tron with Qiankun upon the car's 2025 launch, in Huawei's first deal with a foreign automaker, two people with knowledge of the matter told Reuters.

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Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry. And even as firms face down a cut-throat price war at home and mounting regulatory pressure overseas, executives and attendees were upbeat.

A weekly round-up of motoring news. Read more at straitstimes.com.

Visitors look at a Zeekr Mix car during the China Auto Show in Beijing, China, Friday, April 26, 2024. China's vision of the future of the automobile electrified and digitally