Pandaily's Digest | Aug 14, 2024
Editor's note: The Chinese lidar manufacturer Hesai Technology responded to the news of being removed from the U.S. Department of Defense blacklist.
Hesai Technology Responds to Being Removed from the U.S. Department of Defense Blacklist
The Chinese lidar manufacturer Hesai Technology responded to the news of being removed from the U.S. Department of Defense blacklist: No confirmation has been received, and no comment will be made. Link
Headlines from China
CATL Accelerates Consumer Market Strategy with the Launch of its First Global Offline Showroom
Despite the increasing competition in the battery market, CATL plans to enhance its brand recognition and product competitiveness through both online and offline communication channels. Link
Tencent Music Reports Significant Subscriber Growth and Revenue Boost in Q2 2024
TME reported a 33.1% year-over-year increase in net profit, reaching RMB1.79 billion (US$247 million). Link
Xpeng Announces Completion of SOP Delivery for Acquisition of DiDi’s Intelligent Car Development Business Assets
Per the agreement, Xpeng issued 4,636,447 Class A shares to DiDi, representing about 0.24% of the company's post-issue capital stock. Link
TEMU Semi-Hosted Model Will Soon Open Japan and South Korea Sites
TEMU is about to launch a semi-hosted service in Japan and South Korea soon. Link
News You Shouldn’t Miss
Mercedes-Benz Collaborates with Volcano Engine to Explore Large Models and Generative AI
ByteDance's Volcano Engine announced that it has signed a strategic cooperation memorandum with Mercedes-Benz (China) to cooperate and explore in the fields of large models, generative AI, and big data. Link
NVIDIA’s Next-Generation Autonomous Driving Domain Control Chip, NVIDIA Thor, Implemented at Hefei Factory
Prominent companies such as Li Auto, Xpeng Motors, and BYD are among the initial users of the revolutionary NVIDIA Thor chip. Link
Zeekr to Enter the Japanese Market in 2025
In a recent interview with Japanese media, Chen Yu, the Vice President of Zeekr, the electric vehicle subsidiary of Geely, announced Zeekr's plans to enter the Japanese market by 2025. Link
XPeng Restructures Its Autonomous Driving Department
Xpeng has made organizational adjustments to the autonomous driving department, setting up three major functional areas to accelerate AI transformation. Link
BYD YangWang U8 Extended Version Spy Photos Exposed
BYD YangWang U8 extended version spy photos exposed, will weaken off-road capabilities, mainly aimed at urban use. Link
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