On September 10, Huawei unveiled a tri-fold smartphone and the AITO M9 five-seater version, highlighting their collaboration with Seres in the automotive sector. Huawei's smart vehicle business model under HarmonyOS Intelligent Mobility has sold 272,000 vehicles by August 2024, with AITO accounting for over 90%. Seres saw a significant financial turnaround in the first half of 2024, with an operating revenue of RMB 65.04 billion and net profits, largely driven by new energy vehicle sales.

While the tech giant’s three other electric vehicle partnerships with auto-makers like Chery have thus far failed to shine, its next steps could put it on track to rival U.S. behemoth Tesla in the China smart car market

The automotive industry in China in 2024 is characterized by increasing internal competition with intense "price wars" due to the rising share of new energy vehicle (NEV) sales and declining gasoline vehicle sales. Major firms like SAIC Motor and BYD are experiencing shifts in market leadership, with NEVs gaining market penetration and traditional fuel vehicle companies facing sales declines and profitability issues. Chinese automakers are actively pursuing overseas expansion amidst external challenges, such as heavy tariffs in Europe, while autonomous driving technology transitions to "end-to-end" architectures.

Super Typhoon Yagi kills at least four people and injures nearly 100 in China

Tesla reveals roadmap to roll out self-driving software on the road to autonomous driving

A pilot program for "vehicle-road-cloud integration" smart vehicles has begun in 20 cities, with planned investments exceeding 30 billion yuan. The initiative aims to advance autonomous driving through collaboration between vehicles, roads, networks, clouds, and maps, targeting breakthroughs in intelligent vehicle technology. By 2026, the pilot initiative could expand to 50 major cities, involving over 20 automobile companies and creating a market worth over 10 trillion yuan, with potential total investments exceeding 600 billion yuan by the end of 2024.

EU draft tariffs revised slightly downward before member states vote

Issue means a driver may not be alerted about an unlocked hood which could allow it to fly open

U.S. electric-vehicle giant registers brokerage firm in Beijing and names senior vice president as the unit’s chairman

BYD chief appears to shift stance on the technology as China’s government throws its weight behind autonomous cars

Draft guidelines insist that robotaxis have driver on board or can be controlled remotely

Elon Musk’s China-built EV now included in Jiangsu procurement catalog

Alipay’s smaller peers struggle to survive amid new crackdown, China rolls out new rules for websites to curb cyberbullying

German chamber in China says EU tariffs won’t protect automakers, Evergrande auto unit ordered to repay $262 million of state subsidies

Shanghai has granted the U.S. automaker a road test license allowing it to trial cars running its FSD software

JD Health pulls ‘family doctor’ services and overhauls corporate structure after a sharp fall in first quarter profit, China eases rules that could slow world-beating solar boom

Tesla wins second defamation case after ‘brake failure’ protests are deemed unfounded

Energy regulator pushes for ‘intelligent’ coal mines, expert proposes rebranding overcapacity, construction of Tesla’s Shanghai battery factory begins