Electromobile fever among China’s technological giants

9 октября, 2021 от arto Выкл

Over the past 6 months, China’s electric vehicles have replenished with new important players.

In the Strategic Document of the State Council under the Government of China

Beijing outlined his plan, according to which by 2025, 20% of the automotive market will be electric cars. The government expects that in 2035 electric vehicles will dominate among other types of transport.

According to TIANYANCHA in China, in the first quarter of 2021, 30,000 companies related to alternative transport appeared, this is 298% more than in the same period last year.

In this rapidly developing sector of electric vehicles, Internet companies compete not only with traditional automakers, but also with newcomers in the unmanned driving sector, such as NiO and Xpeng Motors.

Here is a list of Chinese technological companies that have announced plans to produce electric cars.

Alibaba

E-commerce gigant first of China’s technological giants announced its plans to create electric vehicles. In December 2020, Alibaba created a tripartite joint venture for the production of electric vehicles. Sai Moto included in China, the largest automaker, and Shanghai Zhangjiang Hi-Tech Park Development, the investment unit of the Shanghai municipal government.

In January, they released their first car model — a sedan under the brand im.

Alibaba also develops unmanned technologies. In 2018, the company has created an autonomous driving laboratory running his research division of Damo Academy. The technical giant is also a major sponsor of the Chinese Xpeng Motors electric vehicle startup.

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The Baidu search engine in January created a joint venture with the largest private automaker China Zhejiang Geely Holding Group for the production of smart electric vehicles.

Baidu since 2013 invests in autonomous driving technology. In 2017, Baidu launched Apollo, platform for autonomous driving.

On May 2, she submitted car call services without a driver. The Apollo project exists separately from the Baidu and Geely joint venture. But its achievements in the sphere of unmanned driving will be applied in the production of the first model of the Baidu-Geely car.

Xiaomi

On March 31, the Director General of Xiaomi Lei Jun announced that the manufacturer of smartphones would create a subsidiary of electric vehicles. He also reported that the company invests $ 10 billion over the next decade in business smart electric vehicles.

Di

In 2019, Didi Chuxing has created a joint venture with the Chinese automaker BYD for the production of electric vehicles intended for the taxi service.

On April 18, Didi Chuxing announced partnership with Volvo to develop unmanned cars for the planned taxi park.

According to the Chinese financial publication, LatePost, DIDI also plans to create a subsidiary of electric vehicles, for which actively lures talents from automakers.

Huawei

On April 19, Huawei, the world’s largest manufacturer of telecommunications equipment (victim from US sanctions), declared his desire to enter the electric vehicle market, submitting an electric car with the HarmonyOS operating system, which is used on other company products. The ArcFox Alpha s car was developed in conjunction with the subsidiary of the State Automotive Concern Baic Group. At the end of April, Reuters reported that Huawei also considers the possibility of obtaining control over the electric vehicle unit of the Chinese automaker.

360

April 26, S.G. Company 360, China’s largest manufacturer of cybersecurity products, headed round of financing of the D series. It has invested $ 465.8 million in a startup for the production of Hozon AUTO electric vehicles owning the Nezha brand. According to the Chinese publication Jiemian, 360 it took only three months to explore the market and make a decision on the entry into business electric vehicles.

Oppo

OPPO, the second largest manufacturer of smartphones in China, has become the last online company that has entered the electric vehicle market. The company confirmed Beijing Business News on April 28, which plans to invest in business electric vehicles, becoming the third Chinese phone manufacturer, which goes on this growing market.

Material is provided by analysts NTI «AutoNet»