Chinese automaker SAIC on Friday launched its first electric sports utility vehicle under the Intelligence in Motion (IM) premium brand, with a price range of RMB 309,800-RMB 459,800 ($45,348-$67,305), scheduled for delivery in March. The five-seat LS7 crossover can travel up to 400 kilometers (249 miles) in 26 minutes on a 100 kilowatt-hour (kWh) battery […]
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Douyin sets $590 million target for food delivery revenue in 2023
TikTok’s Chinese equivalent Douyin has set a target of RMB 4 billion ($590 million) in revenue for its food delivery service in 2023, which represents just 2.6% of the RMB 150 billion goal for its local life services unit, local media outlet 36Kr reported on Thursday. The short video platform is currently testing a “group-buying […]
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Chinese lidar maker Hesai’s shares pop 11% on US debut
Shares of Chinese laser sensor startup Hesai jumped as much as 28.6% after its US market debut on Thursday, finishing up 10.8% to $21.05 and valuing the company at about $2.6 billion at close of trading. The firm’s initial public offering is the biggest listing by a Chinese company in the US since Didi’s IPO […]
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Alibaba, Baidu, NetEase, iFlytek…Chinese companies rushing to prove they have tech similar to ChatGPT
Despite not being officially available in China, the AI chatbot service ChatGPT has dominated headlines in the country. This week, days after search engine giant Baidu announced it will launch its own ChatGPT-like service in March, at least five other major Chinese tech firms revealed plans to tool up with the powerful AI technology. Starting […]
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Leapmotor launches first extended-range EV
Chinese electric vehicle maker Leapmotor is taking on bigger rival BYD, launching its first extended-range hybrid vehicle, the C11, on Thursday. It is the latest sign that plug-in hybrids are gaining traction in the world’s biggest auto market. The compact SUV, priced from RMB 159,800 ($23,495), has a range of 285 kilometers (177 miles) on […]
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SAIC plans to sell 1.5 million EVs in 2023
Chinese automaker SAIC announced on Thursday that it expects sales of its new energy vehicles, mainly all-electrics and plug-in hybrids, to total 1.5 million units this year, representing a 40% year-on-year growth from 2022. The state-owned automaker said it’s on track to introduce multiple NEV models to the market under its Intelligence in Motion (IM) […]
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Realme unveils GT Neo5 phone that can fully charge in 8 minutes
Realme has unveiled the new Realme GT Neo5 phone with an impressive 240W charging support that it claims makes it the fastest charging phone in the world, requiring just eight minutes for a full charge. It is equipped with a Snapdragon 8+ processor and a Plus flagship dual-core super-frame independent display chip, offering instant bandwidth […]
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Li Auto targets women and families with its cheapest car yet
Li Auto keeps expanding its portfolio with new vehicles aimed at meeting the needs of growing Chinese middle-class families.
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Chinese manufacturers’ share of global EV battery market exceeded 60% in 2022
According to data from Korean renewable energy consultancy SNE Research, Chinese manufacturers’ share of the global EV battery market increased by a clear margin in 2022, with companies CATL, BYD, CALB, Gotion High-Tech, Sunwoda, and Farasis rising to a combined 60.4% from 48.2% in 2021. Since the US Inflation Reduction Act came into force, seen […]
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SILICON | China’s chip design industry in 2022: the dawn of living with US sanctions
One of the bright spots when it comes to China’s semiconductor industry is its design capabilities. Yes, these companies mostly rely on US design tools, and when designing leading-edge designs, need to use outside fabs such as TSMC and Samsung, but from a pure design point of view, there is some very skilled talent in […]