Alibaba Plans to Reduce Its Stake in XPeng Motors, Worth about $3.14 Billion
Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company.
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DJI Released Zenmuse X7 Pan/Tilt Head Camera for 16,999 Yuan
On October 12 DJI today announced to release new S35 camera called Zenmuse X7, which is a compact S35 camera for filming with a built-in pan/tilt head. The came...
Shanghai's First Batch of Ride-Hailing Fuel Cell Cars to Enter Operation
The Shanghai municipal government announced on September 21 that the city's first batch of fuel cell vehicles for ride-hailing will be put into operation by the end of this month.
9/26/20223 min read
Huawei Executive Lu Hongju: Next Year Key for Construction of Level 3 Conditional Driving Automation Standard System
President of Huawei's Public Development Department Lu Hongju said that next year will be key for the construction of standard system of Level 3 conditional driving automation technology.
9/23/20212 min read
Xiaomi Recalls 31k SU7 EVs Due to Autonomous Parking Malfunction
On January 24, Xiaomi Auto, a subsidiary of Chinese electronics giant Xiaomi, announced the recall of approximately 31,000 SU7 standard edition electric vehicles following issues with the autonomous parking feature.
1/24/20252 min read
NIO Said to Establish Battery Asset Management Company, CALT Expected to Invest
Shanghai-based EV maker NIO is setting up a battery asset management company in August to boost the separation of cars and electricity and launch BaaS (Battery as a Service) products.
OnePlus x Genshin Impact: Hu Tao Ace Pro Smartphone Unveiled for $588
On the evening of October 24, OPPO's smartphone brand OnePlus released a limited edition of Ace Pro model co-branded with popular mobile game Genshin Impact.
10/25/20223 min read
JD Logistics Preparing for IPO Next Year? Estimated Valuation to be $40B
Supply chain and logistics services provider JD Logistics is said to be preparing for an initial public offering (IPO) next year with an estimated valuation of $40 billion, according to Reuter’s International Financing Review (IFR.)
11/24/20202 min read
Tesla Expands Shanghai Gigafactory to Increase Export Capacity
Tesla published the environmental impact assessment (EIA) for the first phase of the Tesla Gigafactory Project on Tuesday.
2/23/20223 min read
Geely's Low-altitude Travel Solution Provider Aerofugia Completes First Flight after Spring Festival
Aerofugia, a technology company under Geely, which focuses on low-altitude travel, vehicle flight and industry intelligent solutions, successfully completed its first flight on January 30 after the Spring Festival holiday.
1/31/20233 min read
Alibaba's Price-for-Quality Brand Taobao Xinxuan to Recede
Taobao Xinxuan, an affiliate shopping channel and product line of Alibaba’s Taobao, will change from an independent brand to providing products for Tmall Supermarket, focusing on young families.
4/14/20222 min read
Qualcomm Settles $774 Million Anti-Trust Disputes in Taiwan, Pledges to Invest More
U.S. mobile chipmaker Qualcomm announced on August 10 that it has settled an anti-trust case with Taiwan's Fair Trade Commission(TFTC). Qualcomm paid out for a ...