manufacturing Archives

ATRenew Extends Quarterly Profit Streak as Diversification Push Gains Stream

Chinese electronics recycling and trading major ATRenew on Monday extended its quarterly profit for the seventh straight quarter. Its first-quarter revenue grew up 27.1 percent to 3.65 billion yuan, meeting the top end of its guidance.

Huawei and Xiaomi’s Contract Manufacturing Plant’s Actual Controller Has Been Arrested

On December 1st, Zowee Technology issued an announcement stating that its actual controller Xia Chuanwu was arrested for suspected insider trading and market manipulation.

A New Rival for Boeing and Airbus? What to Expect From China’s C919

The C919's commencement of passenger flights this spring may represent a first step in becoming the world's third powerhouse aircraft model.

NIO’s Second Hefei Base to Introduce Second New Model in H2 2023

Qin Lihong, the president of Chinese EV maker NIO Inc., revealed on August 26 that the firm's second advanced manufacturing base in Hefei will introduce the second new model as soon as the latter half of next year.

Xiaomi Auto: No Plan for Shanghai Factory

An insider at the automotive division of Beijing-based tech giant Xiaomi stated: "Xiaomi Auto has no plans to set up a factory in Shanghai now, and the screenshot circulating on the internet is not true."

Hamedata Technology Completes B-Round Financing

Hamedata Technology Co., Limited, a provider of household and outdoor energy storage technology, completed a round B of financing, with Qianhai FOF and ZY Capital serving as lead investors.

Ganfeng Lithium to Commence Operations at Argentina Plant This Year

Ganfeng Lithium, a leading lithium compound manufacturer in China, will put its Cauchari-Olaroz salt lake project in Argentina into operation during the second half of this year.

AR Optical Waveguide Module Supplier Lochn Optics Completes Round-C Financing

Lochn Optics, an AR optical waveguide modules supplier, announced on Thursday that it had completed round-C financing totaling over 100 million yuan ($15.69 million).

GRITEK to List on Shanghai Stock Exchange STAR Market, Raising $156.9 Million

On Tuesday, the Shanghai Stock Exchange officially accepted the application of Grinm Semiconductor Materials Co,. Ltd. (GRITEK) for listing on theShanghai Sci-Tech Innovation Board (STAR Market).

Leading Intelligent Lighting Company Yeelight Completes Round E Financing of 300 Million Yuan

Yeelight, an intelligent lighting company, announced the completion of the round E financing worth 300 million yuan (about $47.1 million).

IKAS Industries Finishes B Round of Financing Worth Over 100 Million Yuan

IKAS Industries Co., Ltd. announced its completion of a Series B financing round worth more than 100 million yuan ($16 million).

Hillhouse Group and Chinese Local Government Set Up $783.5 Million VC Fund

Chinese venture capital (VC) firm Hillhouse Capital Group and the district government of Xishan in Wuxi, Jiangsu province will set up a 5 billion yuan ($783.5 million) VC fund.

ProLogium Technology Raises $326 Million to Help Expand Global NEV Market

The solid-state battery manufacturer ProLogium Technology Co., Ltd. announced the completion of a new round of financing worth $326 million dollars.

Turning Their Backs on Factories, China’s Small-Town Youths Make a Living on the Internet

With factory workers who once formed China’s economic backbone aging and their children shifting from traditional sectors to the booming Internet industry, policymakers have taken steps to address the change.

Chinese Electronics Company Luxshare Precision Joins Supply Chain for Apple’s iPhone 13

Chinese electronics manufacturer Luxshare Precision has bagged 3% of iPhone 13 orders from Foxconn and Pegatron, according to Nikkei Asia. The firm is about to win 2.7 million to 2.85 million iPhone orders.

Sources Say Chinese Autonomous Driving Firm Pony.ai to Build Cars Based on SEA Haohan Architecture, Denied by Company Response

Pony.ai on June 24 refuted recent market rumors that the company will initiate its own car production.

Electric Vehicle Charging Operator Yunkuaichong Completes B1 Financing, Led by Lithium-ion battery manufacturer CATL

Jiangsu Yunkuaichong New Energy Technology Co., Ltd. completed a B1 round of financing, led by Contemporary Amperex Technology Co., Limited, Empower Investment and Chasing Fund.

Chinese Firms Shift Production to Southeast Asia as Country Moves Up Value Chain

Fueled by a rise in labor and production costs, an increasing number of China's suppliers have been shifting their production facilities to emerging export economies in Southeast Asia, according to Chinese state media.

Didi to Enter Automobile Manufacturing Business: Report

A range of Chinese media outlets reported on Tuesday that Didi Chuxing is expected to start its own automobile manufacturing business. One report from _LatePost_ (https://www.latepost.com/news/dj_detail?id=575) further revealed concrete details on plans to have the company’s Vice President Yang Jun lead the new venture while the team actively recruits from major domestic auto manufacturers.

Evergrande EV Aims to Enter Mass Production Stage in 2022

China Evergrande says that the company plans to begin mass production of its fully electric vehicles as early as 2022.

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