Pandaily's Digest #20220330
In her first public appearance since a high-profile return to China last year, Meng Wanzhou, chief financial officer of Huawei Technologies, served as co-chair at an annual corporate presentation.
Huawei’s Meng Wanzhou Resurfaces at a Tech Giant in Flux
In her first public appearance since a high-profile return to China last year, Meng Wanzhou, chief financial officer of Huawei Technologies, served as co-chair at an annual corporate presentation in Shenzhen on Monday, where she fielded questions directed towards a company in a state of prolonged transformation.
Appearance of Vivo X Fold Unveiled, Release Set for April 11
On Tuesday, Chinese electronics firm Vivo unveiled a video showing the overall design of the X Fold, its first foldable smartphone, confirming that the model will be released on April 11.
Evergrande Auto’s Hengchi 5 Model to Start Pre-sale
The president of Evergrande Auto, Liu Yongzhuo, announced on Sunday that pre-sale of its Hengchi 5 model will be initiated in the near future. Accordingly, the first batch of sales and experience centers for the vehicle will be opened in 15 key cities across China, including Tianjin, Shanghai and Guangzhou.
Meituan Faces Scrutiny of Contracts With Delivery Workers
Chinese state broadcaster CCTV reported on Monday that regulators have recently conducted an online talk with local digital services platform Meituan to address an issue of wage arrears revealed by food delivery drivers in the northeastern province of Heilongjiang.
Shanghai Stock Exchange to Offer Online Services Amid City Lockdown
From 5:00 a.m. on Monday, mass testing for COVID-19 began to be conducted in batches in Shanghai, as a two-stage lockdown plan involving the two halves of the city commenced. On Sunday evening, the Shanghai Stock Exchange issued an urgent notice to make adjustments and convergence arrangements to cope with the snap lockdown.
Chinese Regulators Deny Restricting IPOs for Xiaomi-Related Firms
News emerged recently that regulatory authorities in China had investigated projects involving Xiaomi’s industry chain that are currently under review by Shanghai’s STAR Market and ChiNext, which led to the restriction of their listing process. Xiaomi‘s share price once fell by more than 7% on Tuesday, and as of press time, the share price decline narrowed to 2.62%.
U.S. Agency to Review Pony.ai’s Reporting of Autonomous Driving Accidents
The United States National Highway Traffic Safety Administration (NHTSA) said on Tuesday that it will review whether autonomous driving startup Pony.ai has complied with the government’s reporting requirements for unmanned vehicle traffic accidents, including the timeliness and accuracy of such reports, according to Reuters.
XPeng Autonomous Driving Products Director Joins NIO
Chinese media outlet Sina Tech learned Tuesday from several sources that Huang Xin, the former director of autonomous driving products at XPeng Motors, has joined NIO.
NIO to Release ES7 Model at End of May
Qin Lihong, co-founder and president of Chinese new energy vehicle firm NIO, announced on Wednesday that its brand-new ES7 model will be released at the end of May. Qin previously introduced this car as a mid-to-large SUV featuring the firm’s NT2.0 platform and delivering an extremely comfortable experience. The ES7 is said to be designed for competition with the long-wheelbase BMW X5.
Li Auto L9 to Be Released on April 16
Chinese electric vehicle manufacturer Li Auto announced that its new SUV, the L9, will be unveiled on April 16, 2022 with a price range of 450,000 yuan to 500,000 yuan ($70,815-$78,683), depending on different configurations.