Autonomous Vehicles

The electric i-Cristal shuttle features space for 16 passengers and can travel at 50 km per hour.

Xiaomi founder Lei Jun would lead the new EV team. He has backed both Nio and Xpeng through his venture capital firm Shunwei Capital.

Wolfpack Research’s short position on the Guangzhou-based passenger drone firm is the latest fraud accusation against a US-listed Chinese company.

The takeover of YY Live has been “substantially completed.”

Meanwhile, WeRide has been granted the first ever ride-hailing license for an autonomous driving company.

The firm was granted a permit by Beijing and Changsha last year.

Drivehub saw a 50% growth in sales compared to the same period last year, even though the firm experienced a 90% loss in April 2020.

The city says it hasn’t issued an appropriate license yet.