Pandaily Digest | Sept 01, 2023
On September 1st, CATL announced that "Qilin Battery," can help Li Auto's first pure electric vehicle model, the Li Auto MEGA, achieve a 12-minute charge for 500 kilometers.
CATL: Li Auto MEGA Model Equips with Qilin Battery
On September 1st, CATL announced that "Qilin Battery," can help Li Auto's first pure electric vehicle model, the Li Auto MEGA, achieve a 12-minute charge for 500 kilometers. Link
Headlines from China
Baidu ERNIE Bot Answers 33.42 Million Questions on the 1st Opening Day
On September 1st, Baidu announced the first-day report of the release and download of their large-scale language model, "ERNIE Bot". Link
PDD Q2 Financial Report: Net Profit up 47% YoY
On August 29th, PDD released its unaudited financial report for the second quarter ending on June 30, 2023. The net profit attributable to ordinary shareholders was $1.81 billion, a 47% increase compared to the same period last year. Link
Gushenxing-1 Will Carry out China’s First Private Rocket Sea Launch Mission
On August 31st, Galactic Energy will soon carry out the launch mission of “The Little Mermaid” commercial carrier rocket, codenamed “Gushenxing-1 Sea Launch Type”. Link
SMEC Establishes Subsidiary “ChipLink Power”, with Investment from 5 Prominent New Energy Firms
On August 30th, SMEC announced its plan to establish a holding subsidiary and engage in related transactions. Link
News You Shouldn’t Miss
Leading Companies Utilize Generative AI to Deploy Large-Scale Models for Public Services
Baidu, ByteDance, and 8 others deploy large-scale models via generative AI for public services. Link
Huawei Mate 60 Pro Launch Triggers 5% Surge in SMIC and Other Stocks
SMIC and others surged over 5% at the opening due to the sudden release of Huawei Mate 60 Pro. Link
BYD Yangwang’s First Sedan Patent Image Exposes
On August 31st, SugarDesign, a Weibo blogger released a set of patent images of BYD Yangwang. There is a high probability that the official name of this car will be "U7". Link
KE Holdings Inc. Posts Strong Q2 Results, Expands Share Buyback, Declares Cash Dividend
BEIJING, Aug. 31, 2023 - KE Holdings Inc. (“Beike”) (NYSE: BEKE and HKEX: 2423), a premier online and offline platform for housing transactions and services, has unveiled its unaudited financial results for the second quarter of 2023. Link
New Tesla Model 3 Updates Specifications with Prices Starting at $35,775
On September 1st, the new Tesla Model 3 was officially released. The price of the rear-wheel drive Model 3 Refresh Version is 259,900 yuan ($35,775). Link
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