20 | Feb |
2018 |
Ten Chinese start-ups to watch
China’s car market, the world’s biggest, is changing fast. With “new energy”, “connected” and “autonomous” among the industry’s buzzwords, tech-savvy start-ups have drawn inspiration from Tesla Motors and are determined to be the next disruptor of traditional carmakers like Volkswagen and GM. The South China Morning Post identified 10 newcomers that are looking to shake up the auto industry.
Byton: Co-founded by two former BMW executives, the company has built manufacturing facilities in Nanjing, and unveiled its electric SUV, featuring an edge-to-edge dashboard display, a tablet device on the steering wheel, facial recognition access, hand-gesture control and cloud-based data storage. It also announced a tie-up with autonomous technology start-up Aurora in deploying level 4 self-driving capabilities into its vehicles.
NIO: The company unveiled its first production model, a seven-seater high-performance electric SUV, in December, to compete with U.S. carmaker Tesla. At half the price of Tesla’s Model X, it boasts such driver-assistance features as highway pilot, automatic emergency brakes and a smart in-car system with voice control and automatic adjustment of temperature and light.
Xpeng: Xiaopeng Motor unveiled its first production model, the G3 electric SUV, featuring a windscreen that extends all the way back to mid-roof, giving occupants a sky view, Star Wars-inspired headlights, and a contour that the company said resembles a shark. It is in the same price bracket as Audi’s Q3, Mercedes-Benz’s GLA and BMW’s X1.
WM Motor: The Shanghai-based start-up’s full-electric SUV, will go into production in the first quarter. Founded by former Volvo and Geely executives, the company has raised funds from Baidu and Tencent Holdings. The model will have level-two autonomous driving capabilities.
Singulato Motor: Targeting the full-electric battery car market with a direct-sales model, Singulato Motor is another Tesla challenger in China. With investment from the municipal government of Tongling, Anhui province, the city will host its major production plant capable of producing 200,000 cars a year by around 2020. Singulato Motor opened its first experimental store in Beijing in January, and aims to expand to 200 stores in three years in major Chinese cities.
CHJ Automotive: The company expects to introduce its first two production models this year, a full-electric SUV and an ultra-compact car. The models will have a swappable battery and utilize Google’s Android Auto operating system. CHJ Automotive’s two manufacturing facilities in Changzhou, Jiangsu province, are 90% automated and have an annual production capacity of 80 million battery cells.
JingChi: Co-founded by Baidu’s former autonomous chief Wang Jing, the company launched a three-month public test ride program in January as part of its goal to be the first company to achieve large-scale, commercial deployment of Level 4 autonomous vehicles in China. However, Baidu has sued the company and Wang for alleged theft of intellectual property related to self-driving technology.
Pony.ai: Founded by former Baidu executives and having re-located from Silicon Valley to Guangzhou, Pony.ai launched test rides of its autonomous cars in the city. Pony.ai plans to introduce a fleet of 200 self-driving cars in Guangzhou by the end of the year, where users will be able to hail an autonomous ride through a booking app like Didi or Uber.
Roadstar.ai: The Shenzhen-based company is another artificial intelligence start-up focused on level 4 autonomous driving. The multi-sensor fusion technology it provides can support real-time data analysis of multiple sensors and will become a key solution to go with solid state laser radars that will significantly bring down the cost of autonomous cars.
TuSimple: Headquartered in Beijing and San Diego, TuSimple aims to create the world’s first commercially viable autonomous truck driving platform, with a goal to “redefine the logistics industry”. The start-up has already begun tests of the system in Arizona and in China, and plans to move to commercial operation of cargo trucks later this year.
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