Tianqi Lithium, China’s top producer of lithium chemicals for electric vehicle batteries, reported on Thursday that it had made a record net profit of nearly RMB 16 billion ($2.2 billion) for the first nine months of 2022. This is almost 30 times greater than a year ago, a rise that the lithium processor attributed to […]

Chinese telecom giant Huawei posted its financial results for the first three quarters of 2022 on Thursday, recording RMB 445.8 billion ($61.69 billion) in revenue. For the third quarter, it generated RMB 144.2 billion, a 6.5% yearly growth but a 15.5% quarterly fall, according to our calculations based on previous data released by the firm. […]

Major Apple assembler Foxconn has recorded Covid-19 cases at its biggest facility in mainland China in Zhengzhou, according to a report by the South China Morning Post. “For the small number of employees affected by the pandemic, Foxconn, in compliance with local epidemic prevention policies, is providing the necessary guarantees for livelihoods, including material supplies, […]

Car manufacturers in China shipped around 2.26 million vehicles in the first nine months of 2022, up 51.6% from a year earlier and exceeding last year’s total unit export of 2.12 million, according to the latest official customs data. Specifically, China exported around 656,000 electric passenger cars, an increase of 93% compared with the same […]

Leading Chinese storage chip maker YMTC released a new high-speed SSD under its consumer brand Zhitai on Wednesday. The new SSD product, named TiPlus 7100, adopts TSMC’s third generation of Xtacking architecture, which is 50% faster than the older models in inputs and outputs. Different from the TiPro 7000, the new model does not come […]

Chinese life services giant Meituan has started hiring new employees amid its expansion into Hong Kong as of Oct. 20, the company’s official recruitment platform shows. Most of the positions currently being advertised belong to Meituan’s home-delivery sector, including strategic analysts, product managers, channel development managers, customer service leaders, and delivery leaders, Chinese media outlet […]

Chinese automaker BYD said on Wednesday it has opened a new showroom in Brasilia, Brazil in partnership with Saga, one of the biggest dealership groups in Latin America, with plans to operate at least 100 stores in the country by 2023. The Chinese EV and battery giant began operating a $2.7 million manufacturing facility with […]

Wang Yilun, a computer scientist who led the team responsible for refining Li Auto’s automated driving functionality, is leaving the company, Chinese media outlet 36Kr reported on Tuesday, citing people familiar with the matter. The former Huawei scientist, who holds a master’s degree from Stanford University, is the second senior tech lead to resign from […]