They call it Fusion Charger and it has max output voltage 1000V
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Category: China
Neta exports 3,600 Neta V EVs to Thailand from China
It made it the largest single export in Neta's history. The company ranked second in the Thai EV market in sales in February 2023.
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Alibaba-backed DeepRoute unveils self-driving solution that doesn’t require HD maps
Passenger cars integrated with Driver 3.0 will be available at an established car brand this year, DeepRoute said.
(Car integrated with Driver 3.0 HD map-free driving smoothly in Shanghai. Image credit: DeepRoute)
Many automakers in China are trying to move away from reliance on high-definition maps as they develop self-driving technology. Now, a technology provider has a solution that promises to speed up that process.
DeepRoute, a local self-driving startup backed by Alibaba, today unveiled its new Driver 3.0 solution, which it says is a solution that eliminates the need for high-definition maps and can facilitate mass production for automakers.
DeepRoute.ai is one of the first companies to successfully complete public road tests of autonomous driving without HD maps, thus breaking down the limitations imposed by geo-fencing, it said.
The company is also among the first to win production contracts from automakers to produce self-driving cars for consumer use, it said, adding that vehicles integrated with the Driver 3.0 self-driving solution will hit the market in 2023.
DeepRoute shared a video showing lane-level information around the car being generated in real-time without HD maps.
Driving on its own in Shanghai during rush hour traffic, the car interacts safely with pedestrians, e-bikes and others using the road and remains consistent in all road conditions.
It is capable of adaptive cruise control (ACC), stop and go, obstacle avoidance, unprotected left turns, and other technically complex maneuvers.
Driver 3.0 includes two versions of its autonomous driving solution for automakers, D-PRO and D-AIR.
D-PRO costs $2,000 in hardware and includes operations and features that do not require HD maps, such as Valet Parking Assist (VPA), and point-to-point navigation on all roads without operational design domain (ODD) restrictions.
D-AIR costs $1,000 in hardware and focuses on driver assistance that does not require HD maps, such as Automatic Cruise Control (ACC), Lane Centering Control (LCC), and Autonomous Emergency Braking (AEB).
Both versions of the Driver 3.0 solution accelerate automakers’ mass production plans because they comprehensively address concerns about the high cost of mapping and maintenance and the limitations of geo-fencing, according to DeepRoute.
“We focus on rapidly bringing highly advanced, affordable autonomous driving to automobile OEMs,” said Maxwell Zhou, CEO of DeepRoute.
Unlike most other autonomous driving solution providers, DeepRoute is focused on developing an autonomous driving framework and commercializing it by deploying ADAS capabilities first, Zhou said.
DeepRoute strategized the HD map-free approach back in 2020 and began working with OEMs last year based on this approach, he said, adding that without relying on HD maps, smart driving will be available everywhere and affordable for both automakers and consumers.
Passenger cars integrated with Driver 3.0 will be available at an established car brand this year, DeepRoute said, without mentioning the brand’s name.
DeepRoute was founded in February 2019 and became the first company to be able to conduct robotaxi passenger tests in Shenzhen in April 2021.
On September 14, 2021, DeepRoute announced the closing of a $300 million Series B round led by Alibaba, making it the first such company the e-commerce giant has invested in China.
The high cost of self-driving kits is one of the factors preventing the technology from being used at scale, and one of the goals of DeepRoute’s efforts over the past few years has been to bring the cost down.
On December 8, 2021, DeepRoute unveiled Driver 2.0 for under $10,000, nearly the same price as FSD and the lowest recorded in the industry. Driver 2.0 was available in brands including Lincoln and Geely‘s Geometry at the time of launch.
On April 20, 2022, DeepRoute announced its first fleet of 30 vehicles with the Driver 2.0 solution, which will be put into the company’s robotaxi operation in Shenzhen.
Chinese self-driving startup DeepRoute unveils L4 self-driving solution that costs less than $10,000
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CAAM calls for return to normal order in China’s auto industry as price war disrupts sector
Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said.
(Image credit: CnEVPost)
The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.
The hype about this round of price cuts in China's auto industry should be cooled down as soon as possible so that the industry can return to normal operation and ensure healthy and stable development throughout the year, the China Association of Automobile Manufacturers (CAAM) said in an article posted on its WeChat account today.
In the article, titled "The current round of auto promotions should be treated rationally and the market should return to normal order as soon as possible," the CAAM argues that price wars are not a long-term solution and the auto market should return to normal order as soon as possible.
In the fourth quarter of last year, especially since the Covid outbreak in China in December, the pace of auto production and sales has been seriously affected, the article noted.
The overall sales of China's auto industry dropped significantly in January-February, inventories rose sharply, and automakers saw their operating pressure increase and took various measures to reduce inventories, the article said.
Some local governments have launched pro-consumption policies aimed at boosting local auto consumption and easing difficulties for car companies.
The reasons for this round of short-term promotions are multifaceted, and the companies offer a lot of discounts on models that are mostly long-stocked, old and stagnant inventory cars that have previously been available at considerable discounts, the CAAM said.
However, some marketing in the sales channels exaggerated price reductions to attract attention in order to increase customer acquisition, which is easily misleading, the CAAM said.
The CAAM calls for proper marketing and objective and accurate media reporting.
With the accelerated pace of transformation of the auto industry, traditional car companies are under the dual pressure of maintaining stable operations and making the transformation, with weaker profitability, the CAAM said.
Price cuts to deal with inventory and proper cost recovery are normal business measures, but these means should not turn into price wars, the CAAM said.
Price wars don't last, and value for money is the eternal law of business, according to the article.
Automakers should look at the long term and make more efforts in product technology, quality, service and brand power. Local governments should take the right approach in the process of stabilizing growth and promoting consumption, the article said.
"The government, enterprises and the media should look at this rationally and work together to maintain market order," the CAAM said.
The article also mentioned that China's new energy vehicle (NEV) sales reached about 7 million units last year, and the number is expected to reach 9 million in 2023.
However, internal combustion engine (ICE) vehicles are also accelerating technology upgrades and constantly adapting to changes in market demand, the CAAM said, adding that NEVs and ICE vehicles will coexist for a long time to come and can meet different consumer needs.
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NIO’s 1st NIO House in Netherlands to open on Mar 23
The NIO House is located in the Rotterdam Centrum neighborhood of Rotterdam, the second largest city in the Netherlands. | NIO US | NIO HK | NIO SG
(Image credit: NIO)
NIO (NYSE: NIO) will open its first NIO House in the Netherlands a day later, as the Chinese electric vehicle (EV) maker works to bring its entire service model from China to overseas markets.
NIO's first NIO House in the Netherlands will officially open on March 23 local time, according to a post by Ruben Keuter, general manager of NIO Netherlands, published today on the company's mobile app.
The NIO House is located in Rotterdam, the second largest city in the Netherlands, which is an important port connecting five continents.
NIO Houses is NIO's flagship showroom, which functions as a space to display and sell vehicles while providing a quality lifestyle for NIO owners. The company's showrooms also include the much smaller NIO Spaces.
The NIO House building generally consists of two areas, a display area for vehicle models, and a place with various functions for users.
With the NIO House, NIO hopes to make this lifestyle available to users in every city, so that outsiders will think that buying an NIO vehicle is not just getting a car, but joining a high-end lifestyle group.
The first NIO House in the Netherlands is located in Rotterdam's Rotterdam Centrum neighborhood, next to a new, chic and colorful variety of buildings, according to the article in the NIO App.
On October 1, 2021, NIO opened an NIO House in Norway, its first such facility in Europe.
NIO held the NIO Berlin launch event on October 7 European time, introducing its three latest models to European consumers -- the ET7, EL7 and ET5. The EL7 is known as the ES7 in China.
On October 18, NIO said it made the first ET7 deliveries in Germany and the Netherlands.
On December 1, the first NIO battery swap station in the Netherlands went online. On December 13, NIO announced that its second battery swap station in the Netherlands was put into operation.
Here are some images of Rotterdam shared by NIO.
NIO to launch ET5 shooting brake variant in Europe in June or July, says president
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Neta sending 3,600 EVs to Thailand
This is the largest single export to date for the new Chinese carmaker. The Neta V has already accumulated over 2,000 deliveries in Thailand.
(Image credit: Neta)
Chinese electric vehicle (EV) maker Neta Automobile is sending thousands of EVs to Thailand as it ramps up its efforts in Southeast Asia.
On March 21, 3,600 Neta V EVs began shipping at Guangzhou's Nansha port, the largest single export to date by a new Chinese carmaker, Neta said in a press release today.
The vehicles will be shipped to Thailand, where Neta V has already accumulated more than 2,000 deliveries and ranked second on the list of pure electric model license plate registrations for 2 consecutive months, Neta said.
Neta announced the launch of the right-hand-drive version of the Neta V at a launch event in Thailand on August 24, 2022, as its first model offered there.
Neta said at the time that it had 25 authorized dealers in Thailand and that number would reach 30 by the end of 2022. Its press release today did not mention the company's latest number of dealers in Thailand.
To date, Neta has established a European division, a Thai subsidiary, launched three overseas products including Neta U global version, Neta V global version and Neta V right-hand drive version, and has a presence overseas across ASEAN, South Asia and Middle East markets, it said.
Neta currently sells the Neta V, Neta U-II and Neta S in China, which start at RMB 83,900 ($12,190), 135,800 and 242,800 respectively.
The company delivered 7,117 vehicles in February, up 255 percent from a year earlier, but down 35 percent from 11,009 units in January, data released by the company earlier in the month showed.
On March 10, Neta laid the groundbreaking for its plant in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.
The plant is Neta's first overseas factory and the first in Thailand for a new Chinese carmaker.
When completed, the plant will have a capacity of 20,000 units per year and is expected to be operational by the end of January 2024, Neta said earlier this month.
Neta plans to expand its overseas operations to more regions including the Middle East and the European Union, making it a brand that consumers around the world recognize and trust, company co-founder and CEO Zhang Yong said at the groundbreaking ceremony for the Thai plant.
As competition in China's EV market grows fiercer, many local car companies have stepped up efforts to expand into overseas markets.
Neta's latest export is the ninth batch of NEVs to be exported from Guangzhou's Nansha Free Trade Pilot Zone this year, according to a report by state-owned CCTV today.
So far this year, the Nansha pilot zone has exported 7,251 NEVs, up more than 33 times year-on-year, according to the report.
($1 = RMB 6.8847)
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NIO CFO says confident of meeting this year’s sales target
That will be achieved through new models, expanding the company's charging and battery swap network, and unlocking self-driving technology, the NIO CFO said. | NIO US | NIO HK | NIO SG
An NIO (NYSE: NIO) executive re-emphasized the electric vehicle (EV) maker's confidence that it will meet its goal of doubling sales this year, at a time when the Chinese auto industry has been weak overall so far this year.
"We are very confident to achieve our sales target in 2023," NIO CFO Steven Feng said in an interview with Bloomberg TV today.
That will be achieved through new models, expanding the company's charging and battery swap network, and unlocking self-driving technology, Feng said.
NIO delivered a total of 122,486 vehicles in 2022, up 34 percent from 91,429 vehicles in 2021.
William Li, the company's founder, chairman and CEO, said during a March 1 analyst call after NIO reported its fourth-quarter earnings that the company aims to see sales double this year compared with last year.
"Our team is very confident in that," Li said at the time.
If raw material prices fall in line with current trends, and without considering the investment in innovative businesses, NIO could still be profitable in the fourth quarter of this year, Li said earlier.
Feng mentioned in the interview with Bloomberg TV today that the company is "confident" of breaking even at the group level next year.
Strong revenue growth and tighter expenses are key to improving profitability, he said.
Feng also mentioned the ongoing price war in the auto industry in the interview, saying it showed there were too many carmakers in China.
"We expect the industry to go through some profound consolidation," Feng said."It's almost consensus that China now has too many automakers, but we have no plan to buy anyone."
NIO's shares traded in Hong Kong surged in early trading today, rising more than 7 percent to HK$74.25 at press time, bringing its gains over the past two days to about 17 percent.
Sales performance in China's auto market has been weak overall so far this year, with cumulative retail sales of all passenger vehicles from January to February at 2.68 million units, down 19.8 percent year-on-year, according to data released earlier this month by the China Passenger Car Association (CPCA).
Retail sales of NEVs in China in the first two months were 770,000 units, up 23.31 percent year-on-year.
China's auto market remained weak heading into March, and the ongoing price war has brought disruptions to the sector.
In terms of insurance registrations, China's passenger car sales for the month were 630,000 units as of March 19, down 2.53 percent year-on-year, according to data monitored by CnEVPost.
Among them, insurance registrations of NEVs for the month were 220,000 units, up 12.34 percent year-on-year.
China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775
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BYD to use Nvidia Orin chips in its next-gen EV models
NIO and Li Auto are already using Nvidia DRIVE Orin chips in their smart driving systems, with NIO even having its third-generation battery swap stations equipped with two of the chips. | BYDDY.US | BYD HK
(Image credit: Nvidia)
BYD (OTCMKTS: BYDDY) will use Nvidia's DRIVE Orin chips in its next-generation models, making it the latest Chinese new energy vehicle (NEV) maker to use the US chip giant's smart-driving chips.
Nvidia is enhancing its partnership with BYD, which will use the DRIVE Orin system-on-chip (SoC) across the multiple models of its next-generation Dynasty and Ocean series vehicles, according to a press release from the US chip giant yesterday.
Nvidia and BYD share the belief that future cars will be programmable, evolving from being based on many embedded controllers to high-performance centralized computers -- with functionalities delivered and enhanced through software updates over the life of the car, the release said.
Nvidia's press release provided no further details on BYD's plans to use the DRIVE Orin chips. BYD's product matrix includes the Dynasty and Ocean series, with dozens of models.
Several Chinese electric vehicle (EV) makers are already using Nvidia's DRIVE Orin chips to power the vehicles' assisted driving systems.
All of NIO's (NYSE: NIO) models based on the latest NT 2.0 platform come standard with the NIO Adam supercomputer, which is built on four DRIVE Orin chips and has more than 1,000 TOPS of computing power.
Orin is the world's highest-performance, most advanced processor for self-driving vehicles and robots, offering up to 254 TOPS to handle a large number of applications and deep neural networks running simultaneously in autonomous vehicles and robots, Nvidia said following the launch of NIO ET5 in late 2021.
In addition to using the DRIVE Orin chip in vehicles, NIO is equipping the third-generation battery swap station with 2 Nvidia Orin chips for a total computing power of 508 TOPS.
Li Auto (NASDAQ: LI) also uses two Nvidia Orin X chips in its AD Max smart driving system, and its AD Pro system uses the Journey 5 chips from local Chinese supplier Horizon Robotics.
Back to BYD, the NEV maker announced on March 23 last year that it had entered into a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023.
BYD's NEVs will use the Nvidia DRIVE Orin chip as a centralized computing and AI engine for autonomous driving and smart cockpit features, according to the company's press release at the time.
On January 4 of this year, BYD announced that it was working with Nvidia to bring Nvidia GeForce NOW cloud gaming streaming to its vehicles.
BYD is the largest NEV maker in China, selling 1,863,494 NEVs in 2022, up 208.64 percent year-on-year.
The company sold 193,655 NEVs in February, up 27.96 percent from 151,341 units in January and 119.36 percent from 88,283 units a year earlier, data it released earlier in the month showed.
BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles
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BYD to use Nvidia Orin chips in its next-gen EV models
NIO and Li Auto are already using Nvidia DRIVE Orin chips in their smart driving systems, with NIO even having its third-generation battery swap stations equipped with two of the chips. | BYDDY.US | BYD HK
(Image credit: Nvidia)
BYD (OTCMKTS: BYDDY) will use Nvidia's DRIVE Orin chips in its next-generation models, making it the latest Chinese new energy vehicle (NEV) maker to use the US chip giant's smart-driving chips.
Nvidia is enhancing its partnership with BYD, which will use the DRIVE Orin system-on-chip (SoC) across the multiple models of its next-generation Dynasty and Ocean series vehicles, according to a press release from the US chip giant yesterday.
Nvidia and BYD share the belief that future cars will be programmable, evolving from being based on many embedded controllers to high-performance centralized computers -- with functionalities delivered and enhanced through software updates over the life of the car, the release said.
Nvidia's press release provided no further details on BYD's plans to use the DRIVE Orin chips. BYD's product matrix includes the Dynasty and Ocean series, with dozens of models.
Several Chinese electric vehicle (EV) makers are already using Nvidia's DRIVE Orin chips to power the vehicles' assisted driving systems.
All of NIO's (NYSE: NIO) models based on the latest NT 2.0 platform come standard with the NIO Adam supercomputer, which is built on four DRIVE Orin chips and has more than 1,000 TOPS of computing power.
Orin is the world's highest-performance, most advanced processor for self-driving vehicles and robots, offering up to 254 TOPS to handle a large number of applications and deep neural networks running simultaneously in autonomous vehicles and robots, Nvidia said following the launch of NIO ET5 in late 2021.
In addition to using the DRIVE Orin chip in vehicles, NIO is equipping the third-generation battery swap station with 2 Nvidia Orin chips for a total computing power of 508 TOPS.
Li Auto (NASDAQ: LI) also uses two Nvidia Orin X chips in its AD Max smart driving system, and its AD Pro system uses the Journey 5 chips from local Chinese supplier Horizon Robotics.
Back to BYD, the NEV maker announced on March 23 last year that it had entered into a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023.
BYD's NEVs will use the Nvidia DRIVE Orin chip as a centralized computing and AI engine for autonomous driving and smart cockpit features, according to the company's press release at the time.
On January 4 of this year, BYD announced that it was working with Nvidia to bring Nvidia GeForce NOW cloud gaming streaming to its vehicles.
BYD is the largest NEV maker in China, selling 1,863,494 NEVs in 2022, up 208.64 percent year-on-year.
The company sold 193,655 NEVs in February, up 27.96 percent from 151,341 units in January and 119.36 percent from 88,283 units a year earlier, data it released earlier in the month showed.
BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles
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ORA released the 2023 Funky Cat with a discount of 3,200 USD, starting at 15,600 USD
At this discount, 107800 can buy ORA Funky Cat. ORA Funky Cat is available in 401 km and 501 km versions.
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