Tesla stock (TSLA) pushed higher on Tuesday morning, hitting a record high and adding to monster end-of-year gains as another Wall Street analyst says there’s more room to run. Tesla shares jumped over 2% in early trading, topping $470 per share for the first time. The stock is up nearly 19% in the past five…
Apollo Go, Baidu’s robotaxi service, operates in multiple Chinese cities, with the largest fleet of over 400 vehicles in Wuhan. Credit: Tada Images/Shutterstock. China’s Baidu Apollo International has been granted a licence to test its Apollo Go autonomous vehicles in Hong Kong, marking an important step in the company’s expansion beyond mainland China. The licence,…
TL;DR: Hyundai plans to enter the Chinese EV market in collaboration with Haomo by releasing an electric vehicle featuring generative AI technology next year. The vehicle will have Level 2 to 2.5 autonomous driving capabilities. Hyundai has a “secret weapon” that it will be unleashing onto the Chinese EV market next year, where in collaboration…
On the western coastline of the southern tech hub, CMG’s port unit has turned Mawan, a terminal that used to handle break bulk cargo of grains and sandstone, into a showcase that features remote-controlled quay cranes, autonomous-driving container trucks and a digitally managed flow of goods. Operating the quay cranes and rubber-tyred gantry cranes used…
StarCharge, China’s second-largest provider of charging equipment for electric vehicles (EVs), is stepping up its overseas expansion plans amid rising tensions in Europe over tariffs on Chinese-made cars. The company signed an agreement with French group Schneider Electric to form a venture in Europe to drive the electrification of the continent’s automotive industry, a company…
In the second instalment of a three-part series on China’s electric vehicles, Daniel Ren and Yujie Xue look at the key technologies of major Chinese EV assemblers battling for supremacy in the world’s largest and fastest-growing automotive market. Click here for the first part. China’s electric vehicle (EV) makers are “an existential threat” to America’s…
By Chris Kirkham LOS ANGELES (Reuters) -For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla’s long-awaited Hollywood unveiling of its driverless robotaxis. After traversing the fake streets of the Warner Bros movie studio set in a sleek, silver two-door “Cybercab” prototype, Musk promised…