Apple can’t do cars. Meet the Chinese tech giants that can

illuminem summarizes for you the essential news of the day. Read the full piece on The Economist or enjoy below:

🗞️ Driving the news: Chinese tech giants like Baidu, Huawei, and Xiaomi are rapidly expanding into the electric vehicle (EV) market, showcasing innovative models like the Jidu Robocar 07
•  Unlike Apple, which has struggled to break into the automotive sector, these companies are thriving by integrating advanced technology with competitive pricing

🔭 The context: The Jidu Robocar 07, backed by Baidu, offers cutting-edge features such as autonomous driving, voice-controlled systems, and a 900km range on a 12-minute charge
•  Priced at $30,850, it undercuts many competitors while providing a high-tech, sporty design aimed at redefining modern driving experiences

🌍 Why it matters for the planet: The success of these Chinese tech companies in the EV market could accelerate the global shift to electric vehicles, contributing to reduced carbon emissions and advancing sustainable transportation

⏭️ What's next: As these tech giants continue to innovate and expand, they are likely to increase pressure on traditional automakers and tech companies like Apple to step up their game in the EV sector

💬 One quote: “It’s the future of driving,” said a designer of the Jidu Robocar 07, highlighting the vehicle's advanced features during a demonstration

📈 One stat: The Jidu Robocar 07 is expected to cost just 220,000 yuan ($30,850), making it a competitive option in the rapidly growing EV market

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