Pandaily Digest | Mar 1, 2023
Editor's note: Li Auto targets to deliver between 52,000 to 55,000 vehicles in the first quarter of 2023, up between 64% and 73.4% year-on-year. The firm also targets 30K EVs per month in Q2.
Li Auto Aims to Deliver Over 30K EVs Per Month in Q2
Li Auto targets to deliver between 52,000 to 55,000 vehicles in the first quarter of 2023, up between 64% and 73.4% year-on-year. The firm also targets 30K EVs per month in Q2. Link
Headlines from China
Alibaba Establishes Five Major Strategies for Taobao in 2023
Alibaba‘s management team announced five strategic focal areas for its e-commerce platform Taobao this year. These areas cover live streaming, private domain traffic (turning casual users into dedicated ones), content, local retailers, and pricing power, Link
NIO Builds Battery Factory to Support 400K EVs Per Year
At the 2023 NIO Battery Partner Forum held on February 24, the Chinese electric vehicle maker announced the commencement of construction of the first phase of its subsidiary industrial base in Hefei, Anhui Province. NIO plans to produce 4680 cylindrical batteries similar to Tesla’s. The battery plant will support an estimated annual production capacity of 40GWh, which can provide power for 400,000 electric vehicles. Link
Sequoia China Raises $480M for Its Seed Fund III
Sequoia China Seed Fund announced on February 28 that its Fund III had raised $480 million last year and has officially entered the investment period. This is the third US dollar fund raising completed in five years since 2018. Since its establishment, Sequoia China Seed Fund has cooperated with Sequoia China’s RMB Fund to focus on seed and angel round investments in dual currencies. . Link
Appraisal of Tesla Traffic Accident in Guangdong Now Finished
Last November, a Tesla Model Y in Chaozhou was suspected to have lost control while driving at a high speed for 2.6 kilometers, causing two deaths and three injuries. The appraisal report has been sent to the local police. Link
Xiaomi Unveils 300W Charging Demo
On February 28, founder Lei Jun released a pre-recorded video of a 4100mAh battery being charged in only 5 minutes using a new 300W wired charger. Link
BYD’s New Vehicle Brand Positions Itself Between Denza and Yangwang
BYD will launch a personalized brand this year which currently has the internal code name of “F”. The operation of this new brand will be independent from BYD’s own system while the brand’s first product will be an off-road vehicle to compete with the Mercedes-Benz G-Class. Link
Miniso Releases New Brand Strategy Amid Record High Gross Margin
On the 10th anniversary of its founding, Miniso, a Chinese discount retailer of lifestyle and household goods, announced that the company will transform into a lifestyle super brand that brings joy to consumers through collaborations and original designs. Link
Day One of MWC 2023: Xiaomi 13 Goes Global, Huawei Targets 5.5G Era
Chinese consumer electronics manufacturers including Huawei, Honor, Xiaomi, OPPO, and ZTE showcased China’s latest breakthroughs in cutting-edge communication technology and electronics at Mobile Word Congress (MWC) 2023, a global trade show that kicked off on February 27 in Barcelona, Spain. Link
AI Translator in The Wandering Earth 2 Shows Potential of Intelligent Translation
The AI translator in the catastrophical & sci-fic film, The Wandering Earth 2, depicted as a small microphone-earpiece assembly and was able to perform simultaneous interpretation, hinted at the potential application of intelligent translation. Link
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