Apr.14th: China FAW Group established wholly owned FAW Nanjing Technology Development company. The new group business scope includes artificial intelligence software development, algorithm software development for AV and intelligent vehicle equipment manufacturing.
Apr.15th: NavInfo (四维图新) released 2020 Q1 estimated results, which were heavily affected by COVID-19 pandemic. Net loss is RMB 59M to RMB 84M, a sharp decline compared with 2019 Q1 profit RMB 42M. Domestic car sales decline during the first quarter, resulting in decrease at company’s mapping sales revenue and a sharp decrease in the automobile electronic chip shipments. March shows significant improvement in the domestic car market performance, as for the gradual releaf in the epidemic situation. Overall production and sales volumes are still extremely low, production is down 44.5% compared to 2019Q1 (total 1.422 million vehicles) and sales are down 43.3% (1.43 million vehicles).
Apr.16th : Xpeng Motors announced that it will continue to cooperate with NVIDIA during mass production. The Xpeng P7 will be the first mass-production model equipped with the NVIDIA DRIVETM AGX Xavier platform, which can achieve 30 trillion operations per second and support L4 autonomous driving computing power requirements. NVIDIA DRIVETM AGX Xavier consumes 30 watts – 15 times! more energy efficient than the previous generation architecture.