Part 1/10:

The Troubles of China's Electric Vehicle Landscape

In early January, Huawei's smart driving system encountered a massive failure, leading to simultaneous incidents of vehicles running red lights across the nation. As a result, numerous drivers faced punitive measures, including six-point deductions on their licenses and fines amounting to ¥200 each. This disaster coincided with a drastic decline in sales for Ito, a company intricately connected to Huawei's smart driving technology, which plummeted from 9,000 units sold during the same week last year to a mere 5,500.