Search results for Chery Automobile
Industry
China\'s auto industry bets on humanoid robots as next growth engine, following Tesla
Chinese automakers are stepping up investment in humanoid robots as a next-generation profit business, seeking new revenue as electric-vehicle profitability declines. Xpeng\'s robotics unit raised more than $900 million at a valuation above $6.3 billion, with investors including IDG Capital, Gaorong Ventures, Tencent and Alibaba. Analysts say China has an edge in manufacturing and supply chains, but AI will determine competitiveness against Tesla. Global automakers are also expanding robot efforts.
Mobility
Tesla \'Model 3 Plaid\' vs Ferrari \'Luce\' sets up high-performance EV showdown
Tesla’s growth plans are again in focus as speculation rises about a high-performance Model 3 Plaid and Elon Musk mentions merger talks with SpaceX. Debate continues over Tesla’s FSD after a lawsuit refund and questions about safety, even as the latest v14 is seen as improved. Waymo’s lead in robotaxis is highlighted. China’s EV market expands rapidly, led by BYD and others. In Korea, autonomous driving and mobility services advance. Ferrari’s first full EV, the Luce, faces design backlash.
Industry
EMTA targets Japan\'s budget kei EV market, first launch in 2027
A new electric vehicle brand, EMTA, backed by China\'s Chery Automobile and Japan\'s Autobacs Seven, is moving to target Japan\'s low-priced kei car market. Electrek reported that a China-Japan joint venture formed by five companies has launched the brand and plans to release its first electric kei car in Japan in 2027. The company says it will expand its lineup to four models by 2029 and is promoting software-led features, OTA updates and Level 2 driver assistance.