Pandaily Digest | Aug 22, 2023
In August, Li Auto, which previously claimed to not consider price reductions, couldn't hold out any longer.
Li Auto’s First Price Reduction,Minimum Discount of $2,100
In August, several car companies have started a new round of price reductions through limited-time discounts and other methods. Even Li Auto, which previously claimed to not consider price reductions, couldn't hold out any longer. Link
Headlines from China
DJI Introduces First Civilian Cargo Drone for Goods Transport
DJI unveils inaugural civilian cargo drone, embarks on goods transport services. Link
Faraday Future’s China Headquarters Will Be Located in Huanggang
Fafa Automobile (Hubei) Co., Ltd. was established with Wang Zhigang as the legal representative. Faraday Future plans to relocate its FF China headquarters to Huanggang while retaining its global headquarters in Los Angeles, California. Link
The New XPeng G9 Model Will Be Released in the Fourth Quarter
On August 21st, Jacky(Gu Jie), the Senior Director of Powertrain at XPeng Motors, announced that the new model G9 from XPeng Motors will focus on high-end cost-effectiveness. Link
Anticipated Launch: Xiaomi 14 Ultra Phone Set for March 2024 Debut
Xiaomi 14 Ultra phone appears in the IMEI database, expected to be released in March next year. Link
News You Shouldn’t Miss
Kuaishou’s Self-Developed Large-Scale Model ‘KwaiYii’ Makes Its Debut
Recently, Kuaishou's self-developed large language model 'KwaiYii' has entered internal testing and provided standard APIs and customized project collaboration solutions for the business team. Link
Realme Announces the Release of the Realme GT5 Smartphone on August 28th
On August 21st, realme officially announced that the realme fifth anniversary speech and the launch event of the new product realme GT5 will be held on August 28th at 14:00(Bejing time). Link
NIO: The World’s First V2G Photovoltaic Self-circulating Energy Replenishment System Completes
On August 20th, NIO, together with various parties, completed the construction of the world's first V2G photovoltaic self-circulating energy replenishment system in Qilian Mountain National Park. Link
DP Technology Raises 100 million US dollars, Achieves AI Milestones in Science
DP Technology secures 100 million US dollars funding, advances AI for science. Link
Apple Celebrates Its 30th Anniversary in China
On August 18th, Apple CEO Tim Cook posted a message to celebrate Apple's 30th anniversary in China and expressed that "A special thanks to all of our colleagues, customers, and partners." Link
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