On the 23rd, Today's India.com reported that "Chinese mobile phone giant OPPO has started R&D on its first electric vehicle and has applied for a series of electric vehicle trademarks in India." The vehicles are expected to be listed in India in two years. It's analyzed that the time is too tight. So OPPO may speed up R&D through acquisition and start with electric motorcycles which is relatively low threshold. It also can not rule out the possibility of OPPO building charging networks in India simultaneously.
Data show that India's electric vehicle market grew astonishingly with an rate of 234% in the first half of this year, but the market as a whole is still at a relatively low level. 2.4 million cars were sold in India last year, which only about 5,000 were electric cars, most sold for less than $28,000.
Other smartphone makers also made progress in their electric vehicle business this week. U.S. brokerage Wedbush revealed that Apple company is speeding up its AppleCar project which aims fully to autonomous driving technology. AppleCar may be released in 2025 and will officially announce its electric vehicle strategic partnership next year. On the same day, Xiaomi Group said that now smart electric vehicle team has more than 500 members, so its smart electric vehicles are expected to be officially mass-produced in the first half of 2024.