Latest news with #AutoChina2024
The Star
19-05-2025
- Automotive
- The Star
Xiaomi to invest at least $6.9 billion in chip design, founder says
Visitors walk past a Xiaomi logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
The Standard
07-05-2025
- Automotive
- The Standard
CATL likely to offer less than 10pc discount for US$5 billion Hong Kong listing, sources say
A sign of battery manufacturer CATL is pictured at its booth the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
Forbes
23-04-2025
- Automotive
- Forbes
Forget Tesla Chargers! China Offers 5 Minute Charge For 320 Mile Range!
BEIJING, CHINA - CATL Qilin battery is on display at Auto China 2024. (Photo by Zhou Chengfeng/VCG ... More via Getty Images) If you thought Tesla's Superchargers were fast, wait till you get a load of the latest chargers from China. Just revealed at Auto Shanghai, the world's leading EV battery maker, Contemporary Amperex Technology (CATL), has unveiled a new battery that it claims has an even greater range than rival BYD's state-of-the-art technology. And a lot more than Tesla. Today, both CATL and BYD claim to have batteries that can charge electric vehicles in as little as five minutes. However, CATL raised the stakes earlier this week in Shanghai when it revealed that the 320-mile range of its new Shenxing battery is around 70 miles longer than BYD's claimed 250-mile range, and it can charge that range in 5 minutes. By contrast, Tesla's Superchargers are only capable of providing 200 miles of range in around 15 minutes. At CATL's Tech Day in Shanghai, Chief Technology Officer Gao Huan reinforced the brand's message by saying, "Once again, we are pushing the boundaries of performance beyond limits.' "Our goal is to make the CATL Shenxing supercharging battery the standard for EVs, bringing users a more convenient and easier travel experience,' he added. It just goes to show how fast EV and battery development is progressing in China as CATL's record-breaking 5-minute charging comes only a month after BYD revealed its own eye-opening battery news. With a 500-mile full battery capacity, the improved Shenxing battery was introduced alongside the Naxtra, a new sodium-ion battery that CATL markets as a safer and more cost-effective substitute for lithium and lead acid batteries. As the leading supplier of EV batteries for the last 8 years, supplying the likes of Tesla, Ford, BMW and Volkswagen, CATL boasts a huge 38% market share according to influential EV site cnevpost. And with 17.2% of the market, BYD came in second. So just how big is CATL? The company claims that its batteries were powering around 17 million vehicles globally by the end of last year, accounting for one out of every three EVs. In an effort to increase its worldwide footprint, the Chinese battery giant, which had previously listed in Shenzhen, applied for a second listing in Hong Kong in February. Even at temperatures as low as 14 degrees (-10 degrees Celsius), CATL said the battery works effectively in extremely cold conditions, providing an 80% charge from 5% in just 15 minutes. A CATL spokesperson told the China Securities Journal, a Chinese state-run publication, that the battery manufacturer would not be significantly impacted by US President Donald Trump's tariffs on China and autos because just a small percentage of its overall shipments come from its American business. But the question remains? When and how will America get access to this ultra-fast charging infrastructure that, well, blows Tesla and BYD out of the water?
Express Tribune
23-04-2025
- Automotive
- Express Tribune
BMW to integrate DeepSeek AI in China-made vehicles by year-end
Visitors look at vehicle on display at the BMW booth, at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. PHOTO:REUTERS Listen to article BMW will begin integrating artificial intelligence technology from Chinese startup DeepSeek into its new vehicle models in China later this year, the German automaker announced. The move reflects BMW's ongoing commitment to local innovation and deeper collaboration with Chinese tech firms. BMW CEO Oliver Zipse emphasized the strategic importance of AI development in China, noting that the partnership aligns with the company's broader approach to building region-specific technological solutions. DeepSeek's AI technology, already gaining traction among major Chinese automakers like BYD, Geely, and Great Wall, will now be used to power intelligent systems in BMW vehicles. The AI model is known for its efficiency, having been developed at significantly lower costs than Western counterparts while delivering comparable performance. This marks the latest milestone in BMW's China tech strategy, which began in earnest with the establishment of its largest R&D network outside Germany across Beijing, Shanghai, and Shenyang. In 2019, BMW became the first premium automaker to integrate Alibaba's Tmall Genie voice assistant, and also partnered with Tencent to develop the D³ platform tailored for China's unique traffic conditions. The DeepSeek collaboration signals a shift from voice assistants to more sophisticated AI integration, including enhanced autonomous driving capabilities and smart cockpit functions. Experts say the global automotive AI market is projected to grow by 55% annually through 2032, with China emerging as a key innovation hub. DeepSeek's scalable, open-source approach offers cost-effective solutions, making it increasingly attractive to both domestic and international carmakers. With this latest partnership, BMW is positioning itself at the forefront of AI-driven automotive transformation in China, as the industry shifts toward software-defined vehicles and digitally optimized user experiences.
