Pandaily's Digest | Nov 10, 2023
Editor's note: On November 9th, Li Auto held a financial report meeting. During the meeting, Li Auto's CEO, Li Xiang, once again mentioned Huawei.
Li Auto CEO Li Xiang Talks about Huawei: 20% Is Respect, No Complaints at all
On November 9th, Li Auto held a financial report meeting. During the meeting, Li Auto’s CEO, Li Xiang, expressed that Li Auto’s attitude towards Huawei is: 80% learning, 20% respect, and 0% complaints. Link
Headlines from China
NIO’s Sub-brand Alps Starts Laying off Employees
After the announcement of organizational optimization by NIO's CEO Li Bin last Friday, NIO's sub-brand, Alps, has also started lay-off. Link
Zeekr Ready for NYSE, Valuation exceeds $13 billion
Chinese EV maker Zeekr submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) today, preparing for listing on the New York Stock Exchange with the stock symbol "ZK". Link
BYD YangWang U8 Is About to Start Delivery
On November 10th, BYD announced that the first batch of production vehicles for the BYD YangWang U8 has officially rolled off the assembly line and delivery is about to begin. Link
Xiaomi Held Exclusive Closed-Door Meeting on EV Strategies
On Wednesday, Xiaomi held a closed-door meeting attended by representatives from companies in the Xiaomi smartphone and automotive-related industries. Link
News You Shouldn’t Miss
Tesla Model Y and Model 3 Raise Price in China
Tesla's locally produced models, the Model Y and Model 3, are set for a price adjustment starting November 9th. Link
ByteDance’s New Office in Hong Kong Has Been Put into Use
ByteDance has leased and completed the decoration of the entire 37th floor of Hong Kong IFC. Many employees have already moved in for work. Link
OPPO and Hasselblad Collaborate on the Next Generation Hyper Tone Camera Systems, Debuting on the Find X7 Series Smartphones
On November 8th, OPPO announced its collaboration with Hasselblad to create the next generation of Hyper Tone Camera Systems for 2024. Link
Beike Announces Forecast-beating Third Quarter 2023 Unaudited Financial Results; Shares Rise Pre-market
Beike announced its unaudited financial results for the third quarter, seeing a 63.4% year-over-year increase in net income. Link
Huawei and XPeng Engage in A Virtual “Mutual Attack” Due to AEB
Huawei and XPeng Motors have been engaged in a debate about AEB in recent days. Link
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