Pandaily's Digest | Apr 30, 2024
Editor's note: Chairman of Xpeng posted on social media on April 29th a warm welcome to the potential entry of Tesla's FSD into China.
Tesla to Collaborate with Baidu, Xpeng Chairman Says “Welcome” to Tesla’s FSD
He Xiaopeng, Chairman of Xpeng, posted on social media on April 29th a warm welcome to the potential entry of Tesla's FSD into China. Link
Headlines from China
BOSCH China Officially Releases the Shanxi AITO M7 Accident Statement
BOSCH China officially released the Shanxi AITO M7 accident statement: The vehicle did not carry BOSCH intelligent driving system. Link
Former Miaoya Leader Founded “Muyan Intelligence”, Currently Completes Four Rounds of Financing
Muyan Intelligence has received four rounds of financing totaling nearly 300 million RMB without releasing any new products or validating its business model. Link
Faraday Future Faces NASDAQ Delisting
On April 30th, Faraday Future announced that it had received a letter from the NASDAQ Stock Exchange indicating that it would be delisted for not complying with listing rules. Link
Kuaishou’s Beijing Gaming Division Has Been Completely Disbanded
Kuaishou has officially disbanded its Beijing gaming division, with only a few employees transferring to other project teams. Link
News You Shouldn’t Miss
Xiaohongshu Denies Reports of $20 Billion Pre-IPO Financing Round
Xiaohongshu responded today by stating that reports about its latest financing round are not true. Link
BYD’s First Overseas SkyRail Delivers, Will Be Used on Line 17-Gold in Brazil
On April 28th, BYD's first outbound SkyRail was successfully delivered and will be put into operation on Line 17-Gold of the São Paulo Metro in Brazil. Link
HiPhi May Resume Production at the End of April or Early May
Media reports state that the first strategic investment from a Hong Kong investment firm has been received by HiPhi, with company executives confirming plans to officially announce "resurrection" news at the end of April or early May. Link
Tesla Meets China’s Data Security Standards, Restrictions to be Lifted
On the evening of April 28th, the China Association of Automobile Manufacturers issued an announcement confirming that Tesla has met the relevant data security requirements. Link
ByteDance Dismisses 61 Employees for Corruption
ByteDance's Corporate Discipline and Professional Ethics Committee reported 61 cases of employee violations of laws and discipline today, and all employees involved have been dismissed. Link
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