Former XPeng Assistant to CEO Joins Avatr
Li Pengcheng, the former assistant to the CEO of XPeng Motors, will join Avatr Technology after China's upcoming Spring Festival holiday.
1/13/20233 min read
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EV Maker NIO Signs Strategic Cooperation Agreement with Chinese Retail Giant Suning
Leading domestic electric vehicle manufacturing NIO and retail giant Suning signed a strategic cooperation agreement on Aug. 5.
8/7/20202 min read
Xiaomi Opened Its First Store In Chile
The first Xiaomi physical store in Chile has opened in Santiago on April 27. The 250-square-meter place offers smartphones, wearable devices, smart home suppli...
4/28/20191 min read
Sunwoda to Spin Off Car Battery Business
Shenzhen-based battery firm Sunwoda reportedly launched a spin-off for its automotive power battery business at the end of 2021. Its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. (EVB) will be listed as an independent company.
6/21/20222 min read
Alibaba Transforms into a Dual Primary Listing in Hong Kong
On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.
8/23/20243 min read
DJI Releases First Independent Wireless Video Solution and Two Stabilizers
DJI, a Shenzhen-based civilian drone manufacturer, on Wednesday unveiled three new tools that it claims will enable filmmakers and the content creation community to easily bring their visions to life.
6/16/20223 min read
BYD Wins Qualification as Lithium Battery Material Producer in Chile
BYD announced that its Chilean subsidiary, BYD Chile SpA, has reached an agreement with Chilean governmental organization CORFO on lithium battery material production.
4/25/20232 min read
BYD Surpasses Tesla to Rank Top in Global EV Sales in H1
Chinese EV maker BYD sold 641,400 new energy vehicles in the first half of 2022, up 315% year-on-year. BYD continues to maintain its leading position in the domestic EV market, and has surpassed Tesla to become the leading EV company by sales.
OFilm Reports H1 Net Loss of $125.8M after Losing Important Customers
OFilm, a high-technology manufacturing and assembly company in China, on August 29 released its financial report for the first half of this year. Its net loss during the period was 870 million yuan ($125.8 million).
8/29/20222 min read
iPhone 11 Greatly Exceeds Pre-Sale Expectations in China
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
Baidu Reports $4.57B Q3 Revenue and Abundant Free Cash Flow
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
Zhao Changlong Replaces Xu Jiayin as Chairman of China Evergrande's Key Unit
Zhao Changlong will replace Xu Jiayin as chairman, and will also be general manager of Hengda Real Estate Group, a key unit under China Evergrande Group.
8/17/20212 min read