supply chain Archives

EVE Energy Chairman: Overcapacity to Hit Battery Industry by 2024

Liu Jincheng, the chairman of leading Chinese battery firm EVE Energy, predicted that there will be overcapacity across the whole battery chain in 2024 at the latest, and only battery products with high quality and low cost will be spared.

BYD’s August Vehicle Sales Up 155% Annually

Shenzhen-based automotive firm BYD, which has recently faced reports of Warren Buffett's share reduction, released its latest sales data on September 2. In August, BYD's total sales reached a new high.

XPeng to Launch New Car Next Year to Rival Tesla’s Model Y

During a telephone conference following the release of its second-quarter financial report on August 23, XPeng Motors said that it would speed up the pace of new product launches within a price range of 150,000 yuan to 500,000 yuan ($21,850 - $72,838).

Li Auto’s L9 SUV to Start Delivery Soon

Chinese EV maker Li Auto announced on August 18 that the Li L9, an intelligent flagship SUV, has officially rolled off the production line at the firm's Changzhou Base, and will be delivered across the country soon.

China’s New Energy Vehicle Retail Sales to Reach 450,000 units in July

The China Passenger Car Association (CPCA) said on July 22 that according to the data of manufacturers' retail target survey and weekly sales trend in July, the retail sales volume of passenger cars in July is estimated to be 1.77 million units.

MenuSifu: On A Mission to Bring Technology to Asian Restaurant Owners

As Asian cuisines enter the international mainstream, the needs of restaurateurs are soaring. Being rooted in the industry, MenuSifu hopes to help them tackle all kinds of operational problems and grow together.

XPeng Founder Calls for Restoring Supply of Automobile Chips

He Xiaopeng, the founder and chairman of Chinese automaker Xpeng Motors, issued comments through social media on Thursday regarding the gradual recovery of automotive supply chains amid the ongoing global shortage of computer chips.

Li Auto Sees Delayed Vehicle Deliveries Amid Stress to Supply Chain

Chinese electric vehicle maker Li Auto said on Wednesday that the delivery of some vehicles would be delayed because supply chain enterprises located in areas hit by pandemic could not ship products normally.

XPeng CEO Warns of Suspended Production if Lockdowns Persist

Amid ongoing pandemic containment efforts, car companies in China are facing supply chain problems. He Xiaopeng, CEO of electric vehicle maker XPeng, expressed his worries on Thursday.

EV Maker BYD to Open Fifth Vehicle Production Base in China

The latest addition to Chinese EV maker BYD's vehicle manufacturing operations will be officially opened at the Fuzhou Industrial Park on April 15th. The plant will mark the fifth of such plants in China.

Supply Chains Feeling Pinch as Shanghai Lockdowns Endure

Shanghai lockdowns are having ripple effects on global supply chains, as factory workers and logistics personnel have been subjected to home quarantine and mass testing.

How Long Could China Maintain Its Leadership Position as World Factory?

Is China-focused outbound investment as the theme for our first Fund solid enough? How long could China maintain its supply chain advantage?

BSG Technology Secures Nearly 100M Yuan From Xiaomi

Wuhan BSG Technology Co., Ltd., a provider of intelligent manufacturing solutions, announced on Thursday that it has secured nearly 100 million yuan ($15.8 million) in A-round financing.

Wingtech Inks $791M Smart Home Deal With Apple

Wingtech, a manufacturing company that assembles smartphones and other consumer electronics, announced on Thursday that it has carried out a number of business cooperations with an overseas customer.

SMIC Achieves Revenue of $1.2B in January and February

Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) announced on Tuesday that in January and February 2022, the company achieved operating income of about $1.223 billion.

Leading Battery Maker CATL Responds to Market Concerns

Chinese battery giant Contemporary Amperex Technology Co., Ltd. (CATL) held an investor communication meeting on Monday to respond to a range of concerns.

Supply Chain SaaS Provider LinkMore Completes $30 Million A+ Round of Financing

LinkMore, a clothing supply chain SaaS (Software as a Service) provider, on Tuesday completed an A+ round of strategic financing worth $30 million.

Lehe Food Receives Hundreds of Millions of Yuan in Series E Financing, Co-Led by CDH Investments and Eastern Bell Capital

Lehe Food Group Co., Ltd., a major catering supply chain company, completed its Series E financing totaling several hundred million yuan on Monday.

Chinese E-Grocer Missfresh Bolsters Upstream Supply Chains Through Private Brands and Direct Sourcing

Missfresh is stepping up to improve profitability by developing in-house labels and expanding the scale of direct sourcing as the main problem China’s online grocery sector faces has changed from the last-mile logistics to the first-mile supply chain.

Dingdong Maicai Upgrades Commodity Development Center, Builds Ecological Supply Chain System

Dingdong Maicai, a fresh food e-commerce brand, held a supply chain ecological summit in Shanghai on Friday, disclosing its supply chain ideas and product development direction to the public for the first time.

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