Pandaily’s Digest #20220223
The ski industry boom is real in China, but skiing is not always as glamorous as represented on social media. A significant proportion of China's skiers often located in outskirts.
China’s Ski Hype: Trendy on Social Media, Drab at Outskirts Resorts
The ski industry boom is real in China, but skiing is not always as glamorous as represented on social media. A significant proportion of China's skiers had their hands-on experience in semi-professional resorts often located in the outskirts of China's third-tier cities.
Chinese media outlet LatePost reported on Monday that Hozon Auto has recently completed a new round of financing of more than 2 billion yuan ($316 million). The main investment institutions included the CRRC Fund under direction of CRRC Corporation Limited and Shenzhen Capital Group Co., Ltd.
Chinese Naturalized Olympians: Attaining Pride, Receiving Criticism and Carrying Hope
February 8, Beijing Shougang. When Ailing Eileen Gu landed her first-ever official attempt at a four-and-a-half-rotation trick and thereby won the gold medal, related hashtags were soon among the top trends. People not only discussed her athletic performance, but also tried to unveil how she was raised and educated, what her plan would be at Stanford University, and even what she was eating after her tricks.
EV Brand NIO Responds to Rumors It Will Enter Smartphone Industry
Leaks have emerged recently claiming Chinese electric vehicle firm NIO intends to enter the mobile phone industry. The reports allege that NIO has already formed a smartphone business division and is recruiting various personnel in the Qianhai Zone, Shenzhen. A Weibo user with username “@Laoban Lianbo” learned from sources on Tuesday that NIO is determined to start a mobile phone business, and that the project is currently in the initial research stages. Regarding the news, NIO responded that there is no information to disclose at present, and that further details will be communicated with media and customers.
On Monday, China’s National Development and Reform Commission, together with the Ministry of Industry and Information Technology, the Ministry of Finance and 10 other official departments, proposed plans to continue implementing preferential policies for citizens’ purchases of new energy vehicles (NEVs), rewarding charging facilities and reducing or exempting travel tax in 2022. However, the subsidy rate has declined by 30% compared with 2021.
Chinese media outlet Time Weekly reported on Tuesday that an Honor insider confirmed that the smartphone brand’s teams in China are moving to Beijing. However, Honor’s global headquarter is still situated in Shenzhen, Guangdong Province.
Tesla Expands Shanghai Gigafactory to Increase Export Capacity
According to an environmental information disclosure platform for enterprises and institutions in Shanghai, Tesla published the environmental impact assessment (EIA) for the first phase of the Tesla Gigafactory Project on Tuesday. The firm pointed out in the report that the project is mainly geared at meeting export demand and to improve the production capacity of auto parts. It plans to increase capacity by adding production workshops, workers and production volume.
Cailian Press reported on Tuesday that BYD’s FinDreams Battery, the production base for the company’s blade battery, is recruiting overseas market personnel, including customs and logistics workers who are familiar with the import and export policies of the Indian market. Regarding whether the FinDreams Battery will enter the Indian market, the relevant BYD employee refused to comment.
According to business inquiry platform Qichacha on Monday, Guangzhou Pengxu Autonomous Driving Technology Co., Ltd. was established on February 14, 2022. The legal representative of the company is Henry Xia, the co-founder and president of Xpeng Motors. The new firm has a registered capital of 10 million yuan ($1.58 million) and is 100% held by Xpeng Motors.
The four major online businesses of Dali Education, ByteDance’s standalone education technology brand, all reportedly announced the stopping of services via their official websites on Friday. The platforms, which are named “GoGoKid,” “NPY,” “Qingbei” and “Tangyuan English,” had all officially stopped operating before the end of last year, among which “Tangyuan English” also provided a compensation window for paying users.