Pandaily's Digest | Jan 26, 2024
Editor's note: DJI Automotive has recently received clear investment intentions from BYD and FAW Group.
DJI Automotive Receives Investment Intentions from BYD and FAW Group
DJI Automotive has recently received clear investment intentions from BYD and FAW Group. Currently, all parties are advancing the financing process. Link
Headlines from China
“The Most Competitive in the World”, Elon Musk Commend Chinese Automakers at Conference Call
Musk predicted the success of Chinese car makers would significantly extend beyond their domestic market, stating that Chinese automakers would "demolish" most of the world's other car companies if there were no trade barriers. Link
Baidu AI Cloud Collaborates with Samsung China: Galaxy AI Integrates ERNIE LLM
Samsung China and Baidu AI Cloud have officially formed an AI ecological strategic partnership. Galaxy AI deeply integrates multiple capabilities of Baidu ERNIE large language model. Link
Xianyu Will Open Offline Stores
Xianyu's first offline recycling store will officially open on January 28th, offering a full range of consignment services for second-hand items. Link
Tesla Is Testing Lane-Level Navigation in China, Collaborating with Baidu Maps
Tesla plans to launch lane-level navigation in China, collaborating with Baidu Maps, and is expected to go live with the update during the Spring Festival. Link
News You Shouldn’t Miss
Ant Group Establishes the AI Innovation R＆D Department NextEvo
Ant Group has established an internal AI innovation research and development department called 'NextEvo', which is led by Xu Peng, the Vice President of Ant Group. Link
HP Responds to the Cancellation of Its Shanghai Company and Denies Transferring the Supply Chain
HP responded that the cancellation of Hewlett-Packard Technology (Shanghai) Co., Ltd. will not have any impact on the normal operation of its other two companies in Shanghai, and denied the claim of transferring production chains. Link
Temu Introduces Semi-Hosted Model for Improved Merchant Operations
Pinduoduo's cross-border e-commerce platform, Temu, is set to introduce a semi-hosted model, targeting sellers who possess overseas warehouses and local dispatch capabilities. Link
Mercedes-Benz and BMW Brilliance Auto to Establish Joint Venture in China
The European Commission has approved a joint venture between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automotive Ltd., aiming to develop public charging infrastructure for electric vehicles in China. Link
OPPO and Nokia Resolve All Patent Disputes
OPPO today announced that it has signed a global patent cross-license agreement with Nokia covering standard-essential patents in 5G and other cellular communication technologies. Link
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