Jan 18, 2024 04:55 AM

TECH

Chinese Auto Chip Firms Racing to Cash In on NEV Boom

By Du Zhihang and Denise Jia

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Black Sesame Technologies shows off its automatous driving chip at the 2023 Shanghai Auto Show

Black Sesame Technologies shows off its automatous driving chip at the 2023 Shanghai Auto Show

Chinese firms are rushing to make their own auto chips as demand continues to increase in the world’s largest car market.

In 2023, there were more than 300 local auto chipmakers, nearly 10 times the number from three years ago, said Yuan Chengyin, general manager of National New Energy Vehicle Technology Innovation Center, a NEV research center funded by the Ministry of Science and Technology.

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