Pandaily Digest｜Mar 15, 2023
Editor's note: A surge in reduced car prices has swept across China, prompting many vehicle companies to participate. Nevertheless, some companies have no intention of following suit.
Li Auto and NIO Opt Out of Chinese Auto Price War
Since the beginning of this year, a surge in reduced car prices has swept across China, prompting many vehicle companies to participate. Nevertheless, some companies, including Li Auto, NIO, Porsche, and Audi, have no intention of following suit. Link
Headlines from China
China Mobile Inches Closer to Becoming Highest Valued A-Share Company
Telecommunications provider China Mobile is on track to surpass the most highly valued A-share listed company in terms of market capitalization following a steady six-month rise in its stock price. Link
China Launches Innovative Platform for Lithium Battery Recycling
China’s battery recycling market has been gaining attention from industry leaders such as CATL, as evidenced by the recent launch of “Lithium ++,” the country’s first internet platform for recycling lithium batteries. Link
Alibaba Reaffirms Commitment to Global Digital Economy Education
At the end of last month, Alibaba Group’s international digital economy training program Global Digital Talent (GDT) brought together representatives of its partner educational institutions worldwide in its first hybrid event in over three years, reaffirming its commitment to driving digital economy education globally. Link
News You Shouldn't Miss
China Unveils First Heavy-Duty Truck Powered by Batteries and Overhead Wires
On March 14, China’s first heavy-duty truck powered by batteries and overhead wires rolled off the production line in Datong, north China’s Shanxi province, filling the country’s technological gap in this field. Link
Tesla and BYD Deny Rumors about Halting Cooperation
Tesla Chief Executive Elon Musk and Chinese electric vehicle and battery maker BYD denied a media report that said the U.S. giant was ending its cooperation with BYD on battery supplies. In response, Musk posted on Twitter that “relations between Tesla and BYD are positive”. Link
Sinovation Ventures Chairman Kai-Fu Lee Comments on ChatGPT
On March 14, Kai-Fu Lee, Chairman and CEO of Sinovation Ventures, a venture capital firm, first talked about ChatGPT and made a prediction about the AI 2.0 era. Link
CATL Signs Partnership Agreement with Automaker BAIC Group
Chinese battery giant CATL signed a strategic partnership agreement with state-owned automobile manufacturer BAIC Group. As part of the agreement, CATL will have a significant role in the development and production of BAIC vehicles, and will supply them with high-quality batteries and related services. Link
TAL Denies Violating China’s Double Reduction Policy
Xueersi Online, a digital platform owned by Chinese extracurricular education company Tomorrow Advancing Life (TAL), was accused of violating the Double Reduction policy that China previously implemented in an effort to alleviate student stress. Link
China’s First High Energy Photon Source Accelerates an Electron Beam
The Chinese Academy of Sciences announced on March 14 that the High Energy Photon Source (HEPS) accelerator, a major national science and technology infrastructure under the “13th Five Year Plan”, has successfully accelerated the first electron beam with full energy. Link
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