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Douyin Launches In-app Ride-Hailing Service
On January 24th, Douyin officially launched its “Ride-Hailing” service. The service can be accessed through a somewhat hidden entrance on the personal page under “My Wallet,” alongside options like mobile top-up, utility bill payments, and car owner services. Upon clicking “Ride-Hailing,” users are directed to AMap Ride-Hailing, the platform through which the main services are provided.
BYD Will Invest 100 Billion Yuan in Developing AI and Smart Technology for Cars
BYD‘s 30th anniversary and the launch of the 10 millionth new energy vehicle will be held on the morning of November 18. BYD announced that it will invest 100 billion yuan in developing intelligent technology combining artificial intelligence and automobiles, achieving comprehensive vehicle intelligence advancement to win future technological discourse power. BYD is the first global car manufacturer to reach the milestone of producing 10 million new energy vehicles.
Google Launches Its First Cross-Border E-commerce Acceleration Center in Xiamen, China
On October 15, Google announced the official launch of its first cross-border e-commerce acceleration center in Xiamen, a city in southern China. The center is part of Google’s cross-border e-commerce acceleration program, which is expected to cover Xiamen and Shenzhen in its first phase. The offline acceleration center will focus on three service functions: market education, ecosystem aggregation, and seller incubation.
NIO Secures New Strategic Investment Worth of 33 Billion Yuan
On September 30, NIO announced a strategic investment agreement with Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui High-tech Industry Investment Co., Ltd., and SDIC Merchant Investment Management Co., Ltd. The deal involves these three investors subscribing to new shares of NIO China, contributing a cash increase of 33 billion yuan. NIO itself will also invest 10 billion yuan in cash. Over the past four months, NIO has consistently delivered over 20,000 units per month.
BYD Discloses Plans for New Global Research and Development Cente
Shenzhen’s Planning and Natural Resources Bureau recently unveiled details about the upcoming global research and development center for BYD, a major player in the automobile and renewable energy industry. The center, set to be located in the city’s Longgang District, will occupy a substantial area of approximately 650,000 square meters. The project, estimated to cost around 20 billion RMB, is an ambitious endeavor for BYD.
Uber CEO and Senior Executives Visit BYD Headquarters
On August 28, Cao Xi, Assistant General Manager of BYD’s Brand and Public Relations Department, revealed in a Weibo post that several senior executives from Uber visited BYD’s global headquarters and thoroughly discussed cooperation related to global low-carbon travel. Judging from the photos at the scene, Uber CEO Dara Khosrowshahi experienced several models under BYD and “happily received” a Yangtze U8 car model.
India's Tata Motors to Purchase Batteries from Chinese Enterprises
According to a report by Indian media Economic Times, citing a leak from the Livemint website, Tata Motors, India’s largest integrated automobile company, will purchase electric vehicle batteries from Chinese enterprises to resolve performance issues and achieve supply and technological diversification. The Economic Times stated that Tata Motors currently sells a range of electric vehicles in India, occupying more than 60% of the Indian electric vehicle market.
BYD Involved in iPhone 16 Pro Production, Previously Invested Billions in Factory Acquisition
On August 28, Chinese media reports confirmed that BYD Electronics, a subsidiary of BYD Co. Ltd., will supply the frame for the upcoming Apple iPhone 16 Pro, taking over from the previous supplier, Jabil’s Chengdu operation. According to Apple’s official website, the iPhone 16 series will be officially released at 1 a.m. on September 10. On August 28, 2023, BYD Co., Ltd.
BYD Employs Over 5,000 in Intelligent Driving Team, Aiming to Pioneer Autonomous Driving Technology
“During a recent interview with Chinese media, Yang Dongsheng, the Vice President of BYD and the head of the New Automotive Technology Research Institute, revealed that BYD’s Intelligent Driving team now boasts over 5,000 members. This number significantly surpasses the industry average, with the core algorithm team alone consisting of more than 1,000 individuals. Yang Dongsheng explained that BYD’s perspective on intelligent driving is unique compared to other automakers.
BYD 'Explorer No.1' Arrives in Europe, Heading to the UK and the Netherlands to Unload Vehicles
According to blogger @小迪快报, on August 15, BYD’s ‘Explorer No.1’ roll-on/roll-off transport ship arrived at the port of Santander in Spain. Subsequently, ‘Explorer No.1’ will continue to sail to countries such as the UK and the Netherlands to load and unload vehicles, completing its second trip to Europe. The BYD ‘Explorer No.1’ vehicle transport ro-ro ship was built by CIMC Raffles under the CIMC Group, with 7,000 parking spaces suitable for various new energy vehicles.
CATL Accelerates Consumer Market Strategy with the Launch of its First Global Offline Showroom
On August 10, the New Energy Living Plaza, operated by CATL, opened its doors in Chengdu, Sichuan. Li Ping, the vice chairman of CATL, clarified that while CATL does not manufacture or sell cars, their new plaza aims to connect various parties in the new energy vehicle sector. The plaza, situated in the IMC International Plaza in the Chinese city of Chengdu, spans 13,800 square meters and serves as CATL’s inaugural offline brand exhibition store.
XPeng's 'Robotic Hand' Debuts, Capable of Performing Precise Tasks in Industrial Settings
On August 12, He Xiaopeng, founder, chairman, and CEO of XPeng Motors, posted a video on Weibo stating that he used the ‘Iron Assistant’ to operate his phone and book a new MONA M03 car. He Xiaopeng stated that the research and development of this ‘assistant’ robotic hand is aimed at matching the flexibility and tactile abilities of human hands, and called on Alipay to ‘implement facial payment for robots’.
CN NEV-PV Retail Sales Drop 4% YoY in 1st 2 Wks of Dec: CPCA
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