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Latest From Alysha Webb
Analysts and insiders say investors in autonomous-vehicle technology and the mobility-as-a-service sector aren’t looking for quick paybacks.
Chinese consumers have taken to ride-hailing with enthusiasm, and that has automakers and suppliers looking to design vehicles better suited to servicing them.
China will account for more than half of Volkswagen Group’s production of 22 million battery-electric vehicles by 2028, the automaker says.
In an exclusive interview, Byton CEO Daniel Kirchert says launch of the M-Byte battery- electric vehicle is on track, and fund-raising efforts continue to draw investors to the Chinese BEV start-up.
For China’s trio of internet giants, Baidu, Alibaba and Tencent, it’s about more than simply selling BEVs. They see their investments paying off bigger returns as “enrollment” mechanisms of the digital economy.
China’s goal under MiC2025 is to become a world leader in certain manufacturing sectors. President Trump doesn’t like the policy, but experts don’t see China backing down.