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Chinese new energy vehicle brand Li Auto has always positioned its car models as suitable for families. In some second-tier cities in China, however, small business owners are also becoming important consumers of Li Auto, and its cars are increasingly being used as company vehicles in this sector.
On June 26th, it was reported that Buffett sold 2.53 million BYD H-shares at a price of HKD 266.85 per share (USD 34), reducing his stake from 9.21% to 8.98%.
Chinese tech giants Xiaomi, Huawei and Tencent made the Derwent Top 100 Global Innovators 2020.
It was reported that at about 17:31 on October 18, the global daily active users (DAU) of TikTok, a world-famous short video sharing app under ByteDance, exceeded 1 billion. Company insiders later responded that the news was untrue.
On August 15th, DJI, the renowned drone manufacturer, recently announced that it has discovered some imitated DJI applications on Google Play. DJI officially stated that these apps were created by unauthorized individuals for fraudulent purposes.
China Manned Space Engineering Office announced that the construction of Tiangong space station has entered a new phase and it is ready to launch its central module.
Chinese consumer electronics giant Xiaomi on Friday appointed former BAIC executive Yu Liguo as vice president of Xiaomi Auto and political commissar for the venture's Beijing headquarters, according to an internal email.
Tesla announced on May 5th that it would increase the prices of Model S and Model X by 19,000 yuan ($2,747) effective immediately in China. As a result, the starting price for Model S is now 808,900 yuan while the starting price for Model X is 898,900 yuan.
E-commerce platform Temu (pronounced tee-moo) made a big splash at this year's Super Bowl with its commercial, "Shop Like a Billionaire."
“There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose?”
Innovation Union, an industrial internet technology services platform, has recently secured tens of millions of yuan in a round A+ of financing from Plum Ventures.
On September 30, two subsidiaries of Geely’s Volvo Cars and Zhejiang Haoqing Automotive Manufacturing Co., Ltd., an automobile manufacturing company that produces Volvo cars, issued a recall plan in China.