China tech stampede into electric cars sparks auto sector buzz

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Industry insiders say cars are the next major prize in the battle for digital territory. FMTNews China

A visitor looks at NIO’s latest concept car displayed at the Shanghai Auto Show on Monday.

“This sort of competition is a good thing and will greatly accelerate innovation,” William Li, founder, chairman and CEO of Chinese electric vehicle producer NIO, told AFP in an interview just ahead of the Shanghai Auto Show. Alibaba’s autonomous driving unit AutoX has partnered with Japan’s Honda to ramp up testing on Chinese roads.

“ will enter a new track in the future, and with its own advantages, including combining software and hardware, will help promote lightning-fast development of smart cars and autonomous driving,” Chen said.“This is very reassuring. see there is an opportunity in this industry, which means that this industry still has a very bright future,” said Antoine Barthes, managing director of the automaking joint venture Dongfeng Nissan.

 

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