By starting another car company Dahua is investing more in this sector, despite its significant difference from video surveillance. In this note, we examine this move and what it means for Dahua, including:
if Hik started a car company I'd bet my money on them, much more disciplined and well organized than dahua.
THAT'S WHY HIKVISION HAS NOT STARTED A CAR COMPANY! :)
In all seriousness, sources tell me that Hikvision execs find the Dahua car company to be laughable, though this probably is not totally surprising as there is clearly bad blood with the cross-town rivals.
...a Leap Motor car shut down in the middle of the road for 10-20 minutes after a driver tried to do a software upgrade as he was driving. Leap Motor claimed this was not a malfunction, as its cars cannot perform updates while driving.
UPDATE: Chinese media report that Leap Motor sold 884 electric vehicles in July and 879 in June, which was a record high for single-month sales. These are good numbers for Leap - if they can keep it up, they may be on track to fulfilling their 2019 annual sales goal of 10,000 EVs.