Updated: Mar 23,2022

China's XPeng said on March 17, it led an investment into a new $200 million fund focused on backing electric vehicles and "frontier technology" start-ups. Market research firm Gartner forecasts 6 million electric cars will be shipped this year versus 4 million in 2021.

——Chinese EV maker XPeng leads investment in $200 million fund focused on 'frontier technology',CNBC

Comment:

In recent years, China's automobile industry has shown strong resilience and driving force for development. It's  inseparable from the intellectual property rights to empower enterprises with technological innovation,  protect the core technology effectively, and support the sustainable development of the automobile industry.