China's new energy automotive industry is facing fast-evolving changes and must adapt if it is to continue to thrive, said experts at a recent conference.
Chinese electric car startup WM Motor started volume delivery of its first model, the EX5 SUV, late last month, marking its first foray into the country's booming market for new energy vehicles.
Chinese innovators showed off tech progress at the recent 10th International Exhibition of Inventions in Foshan, Guangdong province, with the third World Invention and Innovation Forum taking place there at the same time.
Shandong BeBright Semicon-Tech in the Weifang Hi-tech Industrial Development Zone is a high-tech company specializing in the development, production and sales of light-emitting diodes, or LEDs.
Many people know semiconductor lasers and light-emitting diode chips are high-tech products, but are unaware of how they affect our daily lives. Those products are widely used in hospitals, supermarkets and community-wide; they are installed in mobile phones and computer screens and autonomous driving technology.
Shengrui Transmission Corporation in the Weifang Hi-tech Industrial Development Zone has long been committed to supporting the region by replacing old economic development drivers with new ones.
Officials at China's leading automotive industry association called on the country's carmakers to improve their competitiveness, as they are expected to suffer more than international brands from a downward trend in the world's largest vehicle market.
German premium carmaker Audi AG has received a license to test autonomous vehicles on public roads in China, which is expected to facilitate its efforts in the technology that is believed to be the future of the automotive industry.
Nio's initial public offering has brought the Chinese electric carmaker greater financial support.
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