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Toyota is all in on China

Research, autonomous driving, batteries, EVs, and now mobility. With the announcement on July 25 that it will invest $600 million in DiDi Chuxing, China’s mobility service market leader, and in a joint venture the two companies will form with GAC-Toyota for vehicle-related services for ride-hailing drivers (see Toyota to invest $600 million in Didi

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NIO pain, Xpeng gain

June 18 turned out to be a very lucky day for both Chinese smart EV startups NIO and Xpeng Motors. NIO began delivering its much-awaited second production model, the ES6, to first customers in Beijing, Shanghai and Guangzhou (see NIO starts deliveries of the ES6 as investigations on recent ES8 fires continue), while

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