Pandaily's Digest | May 22, 2024
Editor's note: Xiaomi EV's joint venture with CATL officially established, with a capital injection of 1 billion yuan, focusing on battery manufacturing.
Xiaomi EV’s Joint Venture with CATL Has Been Officially Established
Xiaomi EV's joint venture with CATL officially established, with a capital injection of 1 billion yuan, focusing on battery manufacturing. Link
Headlines from China
OPPO Reno 12 Teaser: The First Android Phone that Can Release Live Photos
OPPO Reno 12 series officially announces the Live Photo feature, claiming to be the 'first Android phone capable of publishing live photos'. Link
ATRenew Extends Quarterly Profit Streak as Diversification Push Gains Stream
Chinese electronics recycling and trading major ATRenew on Monday extended its quarterly profit for the seventh straight quarter. Its first-quarter revenue grew up 27.1 percent to 3.65 billion yuan, meeting the top end of its guidance. Link
HiPhi Undergoes Restructuring, Set to Receive $1 Billion Investment”
iAuto plans to invest $1 billion in Human Horizons, fully supporting HiPhi Auto's plan to resume business operations and vehicle production. Link
Xpeng Motors Releases China’s First Mass-Produced End-to-End LM On-Board
XPeng Motors released the first domestically produced end-to-end large model. Link
News You Shouldn’t Miss
Tongyi Qianwen’s Flagship Model Qwen-Long Announces A 97% Price Reduction
After ByteDance released the DouBao large model, Alibaba Cloud quickly followed suit: the main model Qwen-Long, announced a price reduction. Link
Baidu Announces Two Main Large Models Will Be Available for Free
After the significant price reduction of ByteDance and Alibaba Cloud's large models, Baidu's two main large models are announced to be free. Link
XPeng Motors AI Day Highlights Summary
At the XPeng AI Day, XPeng Motors showcased its latest developments in the field of AI and announced a series of innovative technologies. Link
Moonshot AI’s New Valuation Is $3 billion, With Tencent Joining in
The financing of Moonshot AI, a large-scale company, is still ongoing, and the latest valuation has reached $3 billion, with new entrants include Tencent. Link
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