Tesla Battery Supplier LG Chem Expects Revenue to Reach $25.26 Billion in 2025
Hak Cheol Shin, CEO of Tesla’s battery supplier LG Chem, recently predicted that their battery business revenue will double by 2025.
Category: Industry
Showing 12 of 6422 posts in this category
Chinese Companies Among Best Performers in California DMV’s Autonomous Vehicle Disengagement Reports for 2019
On February 29, the California Department of Motor Vehicles issued a series of “2019 Autonomous Driving Disengagement Reports.”
3/2/20202 min read
Toutiao Fights Back by Suing Tencent for 90 million
Last week, Tencent filed a lawsuit against Toutiao asking for a token compensation of 1 yuan, or 15 cents USD. A week later on June 1st, Toutiao filed a lawsuit...
Meituan Q3 Revenue Reaches $7.6 Billion; Annual Transacting Users Reaches 667.5 Million
On Friday, Meituan released its financial results for the third quarter of 2021 as of September 30, 2021. The report shows that the company's revenue reached 48.829 billion yuan ($7.6 billion), an increase of 37.9% over last year.
11/26/20213 min read
MissFresh Partners with Tencent to Accelerate Digitalization for Grocery and FMCG Retailers
MissFresh has recently partnered with Tencent to bolster its Retail Cloud services and ensure that its retail partners would be able to jumpstart their online business and operate more efficiently.
7/27/20213 min read
Luckin Coffee Continues Trading After Receiving Delisting Notice from Nasdaq
Luckin Coffee resumed trading on Nasdaq today after announcing that on May 15, 2020, it had received a written notice from the stock market’s Listing Qualifications Staff that its securities were determined to be delisted from Nasdaq.
5/20/20202 min read
NiuTrans Adds 84 Languages to Translation Database in Support of China's Belt and Road
NiuTrans, a machine translation system that supports most major languages in the world, has recently added 84 new languages to its database, bringing the total to 388. The new languages in NiuTrans are expected to cover more than 120 million native speakers.
Debt-Ridden LeEco Implements 4.5-Day Weekly Work Model
On January 3, the first work day of 2023, CEO of Chinese tech firm LeEco Zhang Wei issued a letter to all employees, announcing that a 4.5-day working system would be implemented the following day, giving all employees a flexible half-day every Wednesday.
Megvii Technology's Bumpy Road to an IPO
On September 9, AI firm Megvii Technology gained approval to carry out a public listing on the Shanghai Sci-Tech Innovation Board (STAR Market). The IPO path of the company has not been smooth.
10/28/20213 min read
Chinese EV Maker NIO Issues Mass Recall of ES8 Due to Battery Flaws
Shanghai-based electric vehicle manufacturer NIO today issued a mass recall of its ES8 models through an announcement made on its official Weibo account.
Volvo Partners with AutoNavi and iFlytek in its First Pure-Electric SUV XC40 RECHARGE
Volvo joined hands with Chinese tech companies including Alibaba’s AutoNavi and information tech company iFlyTek to launch its first pure-electric SUV XC40 RECHARGE on Sept. 26.
9/26/20202 min read
BMW Brilliance Signs Strategic Cooperation Agreement with Chinese Battery Maker CATL
BMW Brilliance, a joint venture between BMW and Brilliance Auto, signed a strategic cooperation agreement with China's Contemporary Amperex Technology Co. Limit...