Pandaily's Digest | May 24, 2024
Editor's note: Xiaomi announced an ambitious plan to deliver 120,000 units of the Xiaomi SU7 in 2024, as the demand for this model continues to surge.
Xiaomi Aims to Deliver 120,000 Cars as Its Annual Target
Xiaomi announced an ambitious plan to deliver 120,000 units of the Xiaomi SU7 in 2024, as the demand for this model continues to surge. Link
Headlines from China
Alibaba Reveals Investment Details in Moonshot AI: $800 Million to Acquire 36% Stake
As of the fiscal year ending March 31, 2024, Alibaba invested a total of approximately $800 million to acquire about 36% equity stake in Moonshot AI as a preferred stock investment. Link
Oneplus Ace 3 Pro May Be Released at the End of July: Equipped with Snapdragon 8 Gen 3
There are news online that the OnePlus Ace 3 Pro will be released at the end of July, equipped with Snapdragon 8 Gen 3. Link
Pinduoduo’s Market Value Surpasses Alibaba Again, Chairman Chen Lei Welcomes “Healthy Competition from Rivals”
"Facing such a trend, we saw that our peers significantly increased their efforts in the first quarter, and Pinduoduo welcomes healthy competition," Chen Lei said. Link
OnePlus’ Marketing Head Yu Tao Likely to Join XPeng Motors as Vice President of Marketing
Yu Tao is still in his current position but has confirmed that he will soon resign. In response to this, a person in charge at XPeng said they would "provide feedback next week". Link
News You Shouldn’t Miss
Tesla Begins Construction on Shanghai Energy Storage Super Factory, Production Starts Q1 Next Year
The annual production capacity of Tesla's Shanghai Energy Storage Super Factory is expected to be 40GWh, equivalent to 10,000 Megapack batteries. Link
Baidu CEO Robin Li Calls for Increased Pace of AI Development at VivaTech
Robin Li is a strong advocate for an application-driven approach to AI. He believes this strategy can speed up the transition from the internet age to the AI age. Link
Former TuSimple CTO, Wang Naiyan, to Join Xiaomi’s Autonomous Driving Division
Wang Naiyan, the former CTO of TuSimple China, will join Xiaomi Auto and report to Ye Hangjun, Chairman of the Xiaomi Technical Committee and head of Xiaomi Auto's autonomous driving. Link
Xiaomi and CATL Establish Joint Venture Company in Beijing’s Yizhuang District
The joint venture plans to build an intelligent battery cell manufacturing facility in the city. Link
Alibaba.com’s OKKI AI Upgrade, Universal Experience Version Coming Soon
OKKI, the intelligent workspace for foreign trade under Alibaba.com, held a product upgrade release conference. Link
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