Pandaily‘s Digest #20220720
On July 19, a spokesperson for ByteDance confirmed that the company is exploring chip designs for its own use in specialized areas, as it could not find a supplier capable of meeting its requirements.
ByteDance Confirms Independent Chip Development
On July 19, a spokesperson for ByteDance confirmed to CNBC that the company is exploring chip designs for its own use in specialized areas, as it could not find a supplier capable of meeting its requirements.
Geely’s Lotus Completes Global Smart Factory Construction
On July 15, Geely’s luxury sports car brand Lotus completed the construction of its Wuhan Smart Factory. Its first pure electric smart vehicle, the Hyper SUV Eletre, also successfully rolled off of the production line.
GoerTek Signs Partnership Agreement with miHoYo and 37 Interactive Entertainment
GoerTek, a Chinese company in the acoustic, optical and microelectronics industries, announced on July 18 that the company and its holding subsidiary, Tongge Ventures, had signed a partnership agreement with two game developer – miHoYo and 37 Interactive Entertainment. The deal will contribute 556 million yuan ($82.54 million) to carry out venture capital activities between the companies.
NetEase Games Announces New US Studio
NetEase Games, the online games division of Chinese tech giant NetEase, on July 18 announced Jar of Sparks, a new first-party studio that will enjoy full creative freedom within the corporate network.
Finance Tech Firm Qudian Bets on Ready-to-Cook Meals
Luo Min, the founder and CEO of Qudian, a technology platform empowering the online consumer finance experience in China, said on July 18 that the company has begun to focus on ready-to-cook meals, and is winding down its financial credit business.
Wuling Motors Announces New Hybrid Technology
Wuling Motors announced on July 19 its Dedicated Hybrid Transmission (DHT), the world’s first single-gear electromagnetic transmission.
Huawei Joins Sisvel Wi-Fi 6 Patent Pool as Founding Member
Huawei announced on July 19 that it has joined the Sisvel Wi-Fi 6 patent pool as a founding member. Members can obtain the necessary licenses for Wi-Fi 6 standard essential patents from Huawei and other patentees within the pool. In addition, Huawei’s own Wi-Fi 6 products are also licensed by the organization.
Envision Group Partners With Spain on Carbon Neutrality
Shanghai-based energy firm Envision Group signed a strategic partnership agreement with the Spanish government on July 18 to promote local efforts at achieving carbon neutrality. The two sides agreed to establish the European continent’s first zero-carbon industrial park in Spain, constructing a power battery factory, an IoT technology center, a green hydrogen factory and intelligent wind power equipment.
SVOLT and CATL Reach Settlement on Unfair Competition Case
After nearly half a year, the lawsuit between battery developer SVOLT and industry giant CATL has come to an end. On July 19, under the auspices of the Ningde Intermediate People’s Court of Fujian Province, the two companies reached a settlement on the unfair competition case, determining that CATL will receive a settlement of 5 million yuan ($741,000) from SVOLT.
Rate of New Energy Commercial Vehicles in China to Increase Rapidly
A report, jointly released on July 19 by the China Association of Automobile Manufacturers (CAAM), China Automotive Engineering Research Institute Co., Ltd. (CAERI) and other two institutions, indicates that during China’s 14th Five-Year Plan period, the penetration rate of new energy commercial vehicles is expected to increase rapidly, while the business volume of used cars also stands to increase.
