Pandaily Digest | Aug 25, 2023
The DJI Automotive is seeking external financing, with an estimated valuation of up to $1.5 billion.
DJI Automotive Seeks External Financing with Estimated $1.5 Billion Valuation
On August 24th, according to Xinzhijia, DJI Automotive is currently undergoing external financing. If successful, this will be the first time the automotive team has received external funding. Link
Headlines from China
SHEIN Invests in Forever 21’s Parent Company, Expands Offline Presence
SHEIN invests in Forever 21's parent company, embarking on new attempts: e-commerce platform and offline experiments. Link
Huawei Vice President Declares: Achieving L4 Autonomous Driving on the Network Before 2025
Recently, the 7th Future Network Development Conference was officially held. At this conference, Peng Song delivered a keynote speech which revealed his predictions on the development speed of autonomous driving. Link
Alibaba Cloud Releases Open-source Qwen-VL, A Large Vision Language Model
On August 25th, Alibaba Cloud launched two open-source large vision language models (LVLM), Qwen-VL and its conversationally fine-tuned Qwen-VL-Chat. Link
General Motors Conducts Autonomous Driving Road Tests in Shanghai with Chinese Company Momenta’s AI Technology
Recently, General Motors has been granted the qualification for Intelligent Connected Vehicle road testing in Shanghai and is conducting Level 4 autonomous driving tests the support of Momenta's AI technology. Link
News You Shouldn’t Miss
Stellantis Considers Collaboration with Chinese Electric Car Companies, Including Leapmotor
Stellantis NV is considering partnering with a Chinese electric vehicle company including Leapmotor to enhance its influence in China. Link
Tesla: No Factory Plans Despite Grace Tao’s Shenyang Visit
Tesla's response to Grace Tao's visit to Shenyang: No plans for building a factory, it is a normal friendly exchange. Link
Xiaomi Qualifies for Electric Vehicle Production, Advancing Car Manufacturing
Xiaomi has taken a crucial step in car manufacturing by obtaining the qualification for electric vehicle production. Link
Tesla’s New Model 3 Is Expected to Start Production at the End of September
The new Tesla Model 3 is highly anticipated, and Tesla is also preparing its production capacity for the upcoming sales boom. Link
BYD to Unveil Multiple Electric Vehicles at IAA 2023 Munich Motor Show
BYD will launch 6 multiple electric vehicles in Europe during the IAA 2023 Munich Motor Show. Link
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