Pandaily - Everything about China's Innovation

Evergrande Auto Suspends Salary Payments to Sales Staff

Chinese vehicle manufacturer Evergrande Auto is now in the midst of wage arrears and layoffs after plans were revealed to cut 60% of workers at its Tianjin plant.

Chinese Home Appliance Retailer Gome Refutes Rumored Bankruptcy Liquidation

In response to bankruptcy rumors circulating in the market recently, Gome, a Chinese home appliance enterprise, issued a statement on the evening of December 1 saying that the company and other subsidiaries of Gome Holding Group had not received any legal documents or inquiries related to bankruptcy.

Halting of NEV Subsidies Causes Profit Pressure for Chinese Automakers

The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.

Li Auto and NIO’s Vehicle Deliveries in November Reach New High

On December 1, a number of Chinese new energy automobile enterprises announced their new vehicle deliveries data for the month of November. Performance varies, but most of achieved year-on-year sales growth.

Web3

Huobi Co-Founder Appointed CEO of New Huo Tech to Diversify Digital Asset Business

Jun Du, the co-founder of crypto exchange Huobi, has been appointed as the executive director and CEO of New Huo Tech, leading the Hong Kong-listed one-stop crypto asset service platform to further diversify its digital asset business in the future.

Crypto Exchange Coinbase Shuffles Asia-Pacific Team

Coinbase, the first crypto exchange to go public on a US stock market, on November 30 announced leadership changes to its Asia-Pacific team, following its focus on Singapore as a tech hub last year and obtaining recent regulatory approval in the country.

Huobi Partners With Tron to Launch First National Token in Dominica

In order to advance the global development of Web3 and the metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world's first national token, the Dominica Coin (DMC).

Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap

Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.

Video

REALME 10 REVIEW – Best-Looking Budget Phone For $229?

DJI MAVIC 3 REVIEW | 4/3” CMOS | 5.1K | Hasselblad | 2 Lenses

roboBeats Unboxing & First Impression – Cute Dancing Robots

XPENG G9 EV SUV – First Impression Test Drive

Chinese Research Team Devises Method for Hydrogen Generation Directly From Seawater

On November 30, a Chinese research team published a paper entitled "A membrane-based seawater electron for hydrogen generation" in Nature, which has solved an important problem of hydrogen production by direct electrolysis of seawater.

Tesla Recalls 435K China-Made Model 3s and Model Ys

On December 1, Tesla announced its recall of 142,277 Model 3s manufactured in China between December 27, 2020 and November 7, 2022, as well as 292,855 Model Ys manufactured between January 1, 2021 and November 11, 2022.

PhiGent Robotics Bags Round-A+ Financing as AMD’s Former Global VP Joins Startup

Autonomous driving startup PhiGent Robotics announced on December 1 its completion of round-A+ financing worth tens of millions of dollars. AMD's former global vice president, Shan Yi, has officially joined as a co-founder and the CEO of the startup.

SHEIN Leverages Digital Thermal Transfer Printing to Improve Efficiency and Reduce Water Use

SHEIN, an online retailer of fashion and lifestyle products, is advancing its adoption of digital thermal transfer printing with the goal of accelerating its efficiency and reducing the environmental impact of textile manufacturing in its supply chain.

Chinese EV Firm NETA Auto Questioned About Exaggerated Deliveries

This year, NETA Auto surpassed many of its peers in China's electric vehicle market to take the top spot in terms of overall deliveries. But the Chinese automaker is now facing questions about possibly exaggerated delivery figures.

Automobile Brand Beijing Borgward Declares Bankruptcy, 8-Year Operation in China Ends

Beijing Borgward, once billed as a rival to BMW, Mercedes-Benz and Audi, officially declared bankruptcy on November 29. The announcement explained that it was drained to pay off its debts but its current assets are not enough to settle the balances.

Tesla Denies Setting Up Chip Firm in China

In recent days, reports about a chip joint venture in China between Tesla and Swiss semiconductor company Annex have attracted a lot of attention, but on November 30, Tesla China said that the EV maker has not established a chip company in China.

XPeng Reports $0.96B Q3 Revenue, US Stock Price up 6.53%

XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.

Chinese Battery Maker CALB Compensates $417K to Rival CATL for Patent Infringement

Chinese battery maker CALB announced on November 30 that it will immediately stop selling products that infringe on the patent rights of a rival, CATL, and compensate the latter 2.96 million yuan ($417,577).

Fatal Car Accident in China Involving Tesla Model Y Stirs Controversy

On the afternoon of November 28, a collision between multiple vehicles occurred in Taizhou, China's Zhejiang Province. During the accident, a Tesla Model Y collided with two cars, causing two deaths, one injury, and serious damage to all vehicles involved.

Bilibili Starts to Explore Southeast Asian Market

Alibaba, Tencent and Other Chinese Giants Wound Up in Indonesia

NIO and Tencent to Cooperate on Intelligent Driving

ByteDance’s Douyin Wins FIFA World Cup Broadcasting Rights

Evergrande Auto Suspends Salary Payments to Sales Staff

Chinese Home Appliance Retailer Gome Refutes Rumored Bankruptcy Liquidation

Halting of NEV Subsidies Causes Profit Pressure for Chinese Automakers

Li Auto and NIO’s Vehicle Deliveries in November Reach New High

Huobi Co-Founder Appointed CEO of New Huo Tech to Diversify Digital Asset Business

Crypto Exchange Coinbase Shuffles Asia-Pacific Team

Huobi Partners With Tron to Launch First National Token in Dominica

Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap

Evergrande Auto Suspends Salary Payments to Sales Staff

Halting of NEV Subsidies Causes Profit Pressure for Chinese Automakers

Li Auto and NIO’s Vehicle Deliveries in November Reach New High

BYD to Cooperate With Eight NEV Dealers in Mexico

Livecast #16

Greg Pilarowski on China Gaming Regulations

OnePlus to Launch Two Monitors in India on December 12

Huawei’s Upcoming Watch Buds Allow Headphones to Be Carried on Wrist

DJI Osmo Action 3 Camera Sees Upgrades Including 10-Bit Color Support

Xiaomi Teases Features of Xiaomi 13, Desktop Computer, Headphones and Watches

Video

REALME 10 REVIEW – Best-Looking Budget Phone For $229?

DJI MAVIC 3 REVIEW | 4/3” CMOS | 5.1K | Hasselblad | 2 Lenses

roboBeats Unboxing & First Impression – Cute Dancing Robots

XPENG G9 EV SUV – First Impression Test Drive

Chinese Research Team Devises Method for Hydrogen Generation Directly From Seawater

Tesla Recalls 435K China-Made Model 3s and Model Ys

PhiGent Robotics Bags Round-A+ Financing as AMD’s Former Global VP Joins Startup

SHEIN Leverages Digital Thermal Transfer Printing to Improve Efficiency and Reduce Water Use

Chinese EV Firm NETA Auto Questioned About Exaggerated Deliveries

Automobile Brand Beijing Borgward Declares Bankruptcy, 8-Year Operation in China Ends

Tesla Denies Setting Up Chip Firm in China

XPeng Reports $0.96B Q3 Revenue, US Stock Price up 6.53%

Chinese Battery Maker CALB Compensates $417K to Rival CATL for Patent Infringement

Fatal Car Accident in China Involving Tesla Model Y Stirs Controversy