Pandaily Digest｜Mar 24, 2023
Editor's note: On March 23, Shanghai-based RISC-V chip technology startup StarFive announced that it had received an investment from Chinese search giant Baidu of an undisclosed amount.
Baidu Invests in RISC-V Chip Startup StarFive
On March 23, Shanghai-based RISC-V chip technology startup StarFive announced that it had received an investment from Chinese search giant Baidu of an undisclosed amount. The company also reported that it has raised one billion yuan ($146.46 million) in financing, which is a first for the domestic RISC-V sector.Link
Headlines from China
Batteries from Chinese-made Tesla Model 3 Standard Range Version Lose Tax Break
On March 23rd, Tesla revealed to employees that it is expected to lose the entire $7500 of federal tax break because its cheapest electric vehicle uses Chinese batteries, Electrek reported.Link
JD Industry Raises $300 Million in Round B Financing
On March 23rd, JD Industry, a sub-group of JD.com and an industrial supply chain technology and service business, announced the completion of a B Series preferred stock transaction with the total amount of $300 million.Link
Huawei Completes Localization of EDA Tools above 14nm
On March 24th, it was learned that Huawei’s chip design team has worked with domestic enterprises to build EDA tools for processes above 14nm and will complete the necessary verifications in 2023, YICAI reported.Link
News You Shouldn't Miss
UISEE Technologies Raises Several Hundred Million Yuan in Round C Financing
On March 24th, UISEE Technologies, a cutting-edge driverless solution provider, officially announced the completion of a round C financing worth several hundred million yuan.Link
CATL Changes Co-President of Market Amid Slowing Demand for Batteries
The growth rate of electric vehicles in China has been decelerating, and the demand for battery power is lower than expected. CATL, a battery giant, is actively seeking new growth opportunities while pushing for cost reductions. A recent change in personnel is a clear indication of this effort.Link
Li Auto to Launch Six Pure EVs, Founder Says
On March 22, Li Xiang, CEO of Chinese electric vehicle maker Li Auto, provided a glimpse into Li Auto‘s future product plans, revealing that the company will launch six new pure electric vehicles, including a pure electric MPV model.Link
Huawei Tests “FusionCharge” Piles
Huawei has built and is now operating a supercharging station for electric cars at its base in Shenzhen, according to Chinese blogger “Electric Planet Xiaoxin” on March 21. The blogger also mentioned that there were 8 piles at the station and are currently being used for internal testing.Link
China Approves 86 Games in March, Including Tencent, NetEase Titles
On March 23, China’s video game regulator approved a total of 86 games for release this month, including titles from major companies such as Tencent, NetEase, 37 Interactive Entertainment, Leiting Games, CMGE, Paper Games, Moonton, and BOKE Technology.Link
BYD’s New Patent: Identifies Vein to Open the Door
On March 24th, the patent of “Vein Identification Device and Vehicle” applied by BYD Corporation Limited Co., Ltd. was authorized today. After inquiring to the China National Intellectual Property Administration, it was learned that the utility model authorized by BYD this time is actually a vein recognition device and vehicle, IThome reported.Link
In order to optimize your reading experience, articles linked in our newsletter have changed from those hosted at Substack.com to those on our own website at Pandaily.com. If you have any questions regarding this matter, please contact us at contact@pandaily.com.
