Pandaily Digest | Jun 9, 2023
Editor's note: Amidst a flood of AI products from leading corporations such as Baidu, Huawei, and Alibaba, ByteDance’s AI project has also emerged on the surface.
ByteDance Tests AI Chatbot Product “Grace”
Amidst a flood of AI products from leading corporations such as Baidu, Huawei, and Alibaba, ByteDance’s AI project has also emerged on the surface.Link
Headlines from China
BYD Chairman Wang Chuanfu: Automotive Industry Has Entered the Elimination Stage
On June 8th, BYD held its annual shareholder meeting for the year 2022. Wang Chuanfu, Chairman of BYD, stated at the meeting that the automotive industry has entered a phase of elimination competition and without competition there will be no prosperity, only through competition can there be survival of the fittest.Link
ByteDance’s Douyin Is Expanding Self-operated e-commerce Business
Douyin, the Chinese version of the global short-video app TikTok, is actively expanding its self-operated e-commerce business in preparation for the upcoming “618” shopping festival on June 18th.Link
Tesla Encourages Chinese Suppliers to Build Factories in Mexico
Tesla is said to be mobilizing numerous Chinese supply chain firms to establish factories in Mexico. The pace set by Tesla is quite pressing. As stated by one of the suppliers, “There are concerns about losing billions in large orders if there’s a delay in responding to the move.”Link
News You Shouldn't Miss
BYD Unleashes New Brand FANG CHENG BAO
On June 9, BYD officially announced its new sub-brand FANG CHENG BAO. The brand, as the fifth in the row of the BYD brand matrix, will meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle models.Link
The Number of NEVs in China Exceeds 15 Million
On the 5th of the month, Sun Fengchun, a member of the Chinese Academy of Engineering and professor at Beijing Institute of Technology, stated at the global launch event for Yutong Group’s commercial vehicle technology brand that as of June 4th, China’s new energy vehicles has exceeded 15 million units, with a current global penetration rate of about 13.9%.Link
The 1st Large-scale Cruise Ship of China, “Adora Magic City” Has Been Launched
On June 7th, according to China State Shipbuilding Corporation, on June 6th, China’s first domestically-built large-scale cruise ship “Adora Magic City” successfully launched. It has fully started various tasks such as dock mooring tests and sea trials before final delivery.Link
Alibaba’s Freshippo Establishes Sustainable Development Department
On World Environment Day, June 5th, Freshippo, Alibaba Group’s digital intelligence-powered new retail company, announced the foundation of a sustainable development department.Link
CEO Li Xiang: More than 95% of User’s Needs Can be Met by Speaking to Li Auto
On June 6th, Li Xiang, the CEO of Li Auto, forwarded a message from a relevant blogger and stated that in addition to child mode, OTA 4.5’s voice system has switched to fully self-developed algorithms.Link
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