• About
  • Advertise
  • Contact
Friday, May 27, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk

Chinese tech co.’s next interest in launching electric cars

bySidra Butt
April 21, 2021
in Business, Economy, Finance, New, Technology, World
Reading Time: 2 mins read
0
Chinese tech
33
SHARES
789
VIEWS
Share on FacebookShare on Twitter

Are Big Tech company’s taking over your life through smartphones? It may be coming for your car next as confirmed by Chinese firms as they lead a troop into auto manufacturing in their battle for more consumers. 

Cars are the next major prize in the battle for digital territory, industry insiders say, and the deep pockets and data muscle of big Chinese tech firms will fuel even faster growth in “smart-electric” vehicles — and possibly hasten the arrival of autonomous cars.

RelatedPosts

PCJCCI plan to set up Pak-China Technology Gateway

US, China, UK remain top 3 destinations of Pakistani exports

PSX up more than 800 Points in Early Morning Trade after Govt Raises Fuel Prices

In recent weeks, Chinese smartphone giants Huawei and Xiaomi, e-commerce leader Alibaba, and even DJI, the world’s top drone manufacturer, have thrown their hats into the ring.

“This sort of competition is a good thing and will greatly accelerate innovation,” William Li, founder, chairman, and CEO of Chinese electric vehicle (EV) producer NIO.

The first major auto industry gathering of the year opens to the public with the global sector looking to China — the world’s biggest and most rapidly electrifying auto market — to lead the way into a post-pandemic future.

Sales in China contracted two percent to 25.1 million vehicles last year — nearly one-third of the global total — but are rapidly recovering thanks to the expanding popularity of electric cars.

China’s government expects new-energy vehicles, which integrate the most advanced driving technology, to comprise 25pc of car sales by 2025, and recent announcements appear to bode well.

Xiaomi, which has rapidly become one of the world’s biggest smartphone suppliers, plans to invest $10 billion over the next decade in a smart EV subsidiary, and Huawei will invest $1bn this year.

Alibaba-linked autonomous driving unit AutoX has partnered with Japan’s Honda to ramp up testing on Chinese roads. Tech giant Baidu earlier on Monday said its Apollo autonomous navigation system would be installed on one million vehicles over the next three to five years.

The moves will focus fresh attention on Apple’s secretive project to develop a self-driving vehicle.

Tags: AliBabaAppleautomobileBig TechChinahuaweismartphonesXiaomi
Sidra Butt

Sidra Butt

Related Posts

Plan to set up Pak-China Technology Gateway

PCJCCI plan to set up Pak-China Technology Gateway

The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) announced on Thursday that approximately 3,000 people had benefitted from a...

US, China, UK remain top 3 destinations of Pakistani exports

US, China, UK remain top 3 destinations of Pakistani exports

The United States remained the top export destinations of Pakistani products during the ten months of fiscal year (2021-22), followed...

Next Post
Railway

Railway infrastructure project sent to Chinese banks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

'Persons in authority': SC seeks names of cabinet members removed from ECL

‘Persons in authority’: SC seeks names of cabinet members removed from ECL

Plan to set up Pak-China Technology Gateway

PCJCCI plan to set up Pak-China Technology Gateway

Senate approves bills seeking election reforms and amendments to NAB laws

Senate approves bills seeking election reforms and amendments to NAB laws

Pakistan’s Youngest Footballer Featured in FIFA Female Heroes Documentary

Pakistan’s Youngest Footballer Featured in FIFA Female Heroes Documentary

Renowned mountaineer Ali Raza Sadpara passes away weeks after sustaining injuries from fall

Renowned mountaineer Ali Raza Sadpara passes away weeks after sustaining injuries from fall

US, China, UK remain top 3 destinations of Pakistani exports

US, China, UK remain top 3 destinations of Pakistani exports

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2020 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2020 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?