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April 29, 2024

Total 76 Models from BYD, Li Auto, Tesla, NIO Meet CN Auto Data Processing Security Requirements

China Association of Automobile Manufacturers (CAAM) and the National Computer Network Emergency Response Technical Team (CNERT) organized a survey on automakers' 2022-2023 data security compliance of the newly-launched intelligent connected vehicles (ICVs) starting from November 2023, of which 76 models from 6 enterprises, namely, BYD, Li Auto, Lotus, Hozon New Energy, Tesla and NIO, met the 4 compliance requirements for auto data security, in accordance with the relevant regulations and standards like the "Several Provisions on the Management of Automobile Data Security (Trial)", GB/T41871-2022 "Security requirements for processing of motor vehicle data" and the principle of voluntary submission of inspection by the enterprises.

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April 29, 2024

Autos Remain Mkt Darlings; NIO, XPENG, LI AUTO Up ~5%

Chinese Premier Li Qiang visited the Beijing International Automotive Exhibition yesterday (28th), emphasizing the need to vigorously develop intelligent internet-connected new energy vehicles (NEVs). Moreover, Tesla (TSLA.US)      CEO Elon Musk made a surprise visit to China, and was reported to be seeking to launch full-self-driving-computer (FSD) software in Mainland China.

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April 29, 2024

Tesla Hikes Near 6% in Pre-Mkt, Reportedly Starts Mapping & Navigation Cooperation with Baidu

Tesla (TSLA.US)      shares hiked 5.8% to US$178.02 in pre-market. It is reported that Tesla (TSLA.US)      will begin a mapping and navigation partnership with BIDU-SW (09888.HK)  +2.400 (+2.379%)    Short selling $619.80M; Ratio 29.303%   , of which Tesla will use BIDU's lane-level map information as the basis for its full-self-driving (FSD) service in the Mainland, removing a key hurdle to FSD's entry into the Chinese market.

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April 25, 2024

NIO-SW, Lotus Cars Tie up on EV Battery Charging & Switching

NIO-SW (09866.HK)  -0.100 (-0.307%)    Short selling $15.88M; Ratio 25.930%   (NIO.US)      announced a strategic partnership with Lotus Cars on EV battery charging and switching. The two companies will launch an all-round, multi-level and in-depth strategic cooperation in the battery charging and switching industry in the areas of battery standards, charging and switching technology, battery asset management and operation, charging and switching service network construction and operation, and charging interconnection and interoperability.

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