NIO is evaluating the Journey 5 chip from local chip company Horizon Robotics, according to local media. BYD will use the chip in some of its models to be launched in 2023.
NIO self-driving veteran Zhang Jianyong has joined chip startup Huixi Intelligence, which claims to be the world’s highest-valued automotive chip company in angel round.
China’s NEV supply is expected to improve significantly in May compared to April, with retail sales of NEVs expected to show high growth compared to April, the CPCA said.