Geely-Backed ECARX Plans for U.S. Public Listing
Smart vehicle technology company ECARX is considering plans to seek a U.S. public listing via a merger with blank-check company SPAC.
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NIO to Raise $2B in IPO before Unveiling Its Cars
On February 28, the media reported that NIO has hired eight banks, including Morgan Stanley and Goldman Sachs, to prepare for its planned listing in U.S. this y...
HeyTea Denies Reports of Plan to List on Hong Kong Stock Exchange Next Year
On August 4, Chinese domestic media reported that HeyTea may go public in Hong Kong next year, with a target valuation of HK $150 billion ($19.29 billion). However, HeyTea responded that they have no listing plan at present.
8/4/20213 min read
Car Accident Involving AITO M7 SUV in Shanxi Claims Three Lives
Footage from the scene revealed that the AITO M7's concealed handle did not release during the fire, prompting bystanders to attempt breaking the car windows to assist those inside.
4/28/20242 min read
OnePlus 10 Pro Unveiled: Snapdragon 8 Gen 1, LPDDR5, UFS 3.1 and 5000 mAh Battery
On Wednesday, the brand revealed the specifications of the new model OnePlus 10 Pro.
Community Group Buying Becomes New Way to Tame Rising Pork Prices
Chinese e-commerce platforms are thinking about new ways to help consumers obtain cheaper pork. And the online community group buying model is one of the ways.
10/14/20203 min read
Luckin Coffee Plans Large-Scale Expansion, Focusing on Southeast Asia and the U.S.
Luckin Coffee plans to launch a large-scale overseas expansion from Q4 2024, focusing on the Southeast Asian and U.S. markets.
8/20/20244 min read
Apple Gives 50% Discounts, Leads Biggest Apple Pay Promotion since China Entry
On July 13, Apple’s official Chinese website announced its summer promotion, which will see users get as much as 50% off purchases and 50 times points at partic...
Wuling Motors to Explore Hybrid Vehicle Market
Just as the sales of Wuling Motors' pure electric models are about to exceed one million units, the Chinese automotive firm announced on July 14 that it will officially enter the hybrid vehicle market.
7/14/20222 min read
Alibaba Launches Conversational AI Search Engine Accio, Open to Global Merchants
Alibaba has launched a conversational AI search engine Accio overseas, targeting global merchants.
BYD Reportedly to Supply Tesla With Blade Batteries Next Year
Rumors say Chinese EV and battery manufacturer BYD will supply Tesla with "blade batteries" in the second quarter of next year, and that Tesla models equipped with "blade batteries" have entered the Type C testing stage.
Chinese Auto Giant Geely Launches New Electric Semi Truck Called Homtruck
On Monday, Geely’s new energy commercial vehicle group, Farizon Auto, unveiled a luxury electric semi truck – the "Homtruck" – now open for pre-orders with production and first deliveries planned for early 2024.
11/9/20212 min read