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Tesla sold record number of Chinese-made cars in September

Oct 13, 2021
In September, Tesla sold 56,006 Chinese-made vehicles, a 26.5% increase from August and the highest number since it began production in Shanghai in October 2019, figures released by the China Passenger Car Association showed on Tuesday. Domestic needs accounted for most of the September sales, while 3,853 cars were exported. To compare, Chinese EV maker BYD sold 70,432 vehicles in September, accounting for nearly 20% of the country’s new energy vehicle sales. [Reuters]

JD launches one-hour delivery service with Dada Group

Oct 13, 2021
On Tuesday, Chinese online retailer JD launched a new on-demand retailing service called “Shop Now” (Xiaoshigou in Chinese) that promises one-hour deliveries. JD partnered with its logistic affiliate Dada Nexus Group for the service. The service uses JD’s location-based technology to deliver products from offline stores within 3 to 5 kilometers. More than 100,000 offline retailers selling groceries, consumer electronics, healthcare products, and bakeries have registered on the platform, according to the company’s statement. [Dada Group press release, in Chinese]

Chinese automakers break into Japan’s electric truck and bus market

Oct 12, 2021
Chinese automakers Dongfeng Motor and BYD are making forays into Japan’s truck and bus market. DFSK, a subsidiary of state-owned Dongfeng, will offer 5,000 small electric trucks to SBS, Amazon’s Japanese logistics partner, Nikkei reported on Monday. The vehicles, cheaper than those of its Japanese competitors, will be used to deliver goods to homes. Separately, BYD looks to sell its buses at a 40% discount to its current price of 40 million yen ($354,120) in Japan. [Nikkei Asia]

Xpeng celebrates production of 100,000th electric vehicle

Oct 12, 2021
Xpeng Motors celebrated the production of its 100,000th vehicle, according to the Chinese electric vehicle maker’s Monday Weibo post. The number is viewed as a milestone for EV makers. Xpeng made its first vehicle about three years ago. Nio hit the milestone in April, seven years after the company launched. To compare, it took Tesla 12 years to hit the milestone. [Company statement, in Chinese]

Ant Group raises registered capital by 47% to $5.4 billion

Oct 12, 2021
Chinese fintech giant Ant Group has increased its registered capital by 47% to RMB 35 billion ($5.44 billion), data from corporate data site Tianyancha showed. In a Monday statement, the Alibaba affiliate said that the increase was set to meet regulatory requirements and business needs. In April, Beijing ordered Ant to overhaul its business to address issues in antitrust, user information collection, and others. [Tianyancha, in Chinese]
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