First Vehicle Produced at BYD's New Factory in Hefei
BYD's sixth vehicle manufacturing base, located in the city of Hefei, has seen its first vehicle roll off the production line.
6/30/20222 min read
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BYD Upgrades Shanghai Battery Factory to Supply Apple
The batteries produced by BYD in Shanghai are reportedly supplied to 3C (computer, communication and consumer electronics) products and the upgrade of the production line are mainly changes in technology in order to supply Apple.
Luxury Brands Are Digitizing, and China Is Their Fiercest Digitizer
According to McKinsey’s 2019 China Luxury Report, the driving force behind the burgeoning Chinese premium goods market are the post-80’s and post-90’s generations.
China’s First IKEA City Store Opens in Downtown Shanghai on July 23
Scandinavian home furnishing retailer IKEA will open its first city store in Jing’an District in Shanghai on July 23, aiming to get closer to its customers.
7/22/20202 min read
Li Auto to Sell Up to $2B in ADS Offering
Li Auto announced on Tuesday that it will sell American depositary shares (ADSs) with a total amount of no more than $2 billion through an at-the-market equity offering program on the Nasdaq Global Select Market.
6/29/20222 min read
BYD Delivers First Batch of Passenger Cars in Hungary, Plans to Open 6 Stores by the End of Year
On February 23rd, BYD successfully delivered the first batch of BYD ATTO 3 vehicles to Hungarian owners.
Denza High-End MPV to Feature EV Dual Power Mode
Zhao Changjiang, general manager of Denza's sales department, said that the firm's high-end MPV will feature DM and EV dual power modes, while the DM super hybrid will be able to drive for 1000km.
China VC Weekly: Biotech, Open-source and New Hefty Funds
Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.
11/23/20204 min read
NIO Files Trademark Application for In-House Chips, Mass Production Set for This Month
NIO is currently applying to register "NIO Yang Jian" as a trademark for its self-developed chip, which will be mass produced earliest this month.
10/17/20232 min read
DJI Automotive Receives Investment Intentions from BYD and FAW Group
According to multiple industry sources, DJI Automotive has recently received clear investment intentions from BYD and FAW Group.
Wissen Secures $10M in Pre-A+ Financing
Shenzhen-based service robot company Wissen has completed a pre-A+ round of financing, with a cumulative amount of nearly $10 million. The leading investors were Shunwei Capital and BlueRun Ventures.
6/15/20222 min read
Tencent Responds to Heated Discussion on WeChat Server Collapse
Some Chinese netizens expressed frustration online about the failure of WeChat's picture and file transfer function, causing "WeChat collapses" to become a trending topic on Weibo.
10/18/20212 min read