Pandaily's Digest #20210802
Xpeng's P7 hit a monthly record high delivery, Xiaomi unveiled specifications for its Mi Pad 5, Evergrande faced new ordeal, and more.
Xpeng’s July Deliveries Exceed 8,000 Units for First Time, With P7 Breaking Growth Record for Three Consecutive Months
Xpeng announced on Monday that it has recorded its highest-ever monthly delivery at 8,040 EVs for July, representing a 228% increase year-over-year, and a 22% increase from the previous month.
Xiaomi Unveils Specifications for its Mi Pad 5, Three Versions Contain Snapdragon 860 or Above
CNMO reported on July 30 that Xiaomi's Mi Pad 5 Series is likely to come in three versions, tentatively named Xiaomi Mi Pad 5 Lite, Xiaomi Mi Pad 5 and Xiaomi Mi Pad 5 Pro.
Behind the Evergrande Debt Debacle
Past weeks have seen an onslaught of headlines surrounding the ordeal now faced by China Evergrande Group, once the world’s leading real estate-owning company by total assets, as it grapples with a lack of funds to service its growing debt and deteriorating public confidence.
AI Unicorn 4Paradigm Plans to List in Hong Kong
The international department of the China Securities Regulatory Commission on July 29 disclosed approval materials for an overseas IPO submitted for review by 4Paradigm.
EV Battery Maker SVolt Bags over $1.5 Billion in Series B Financing Round
EV battery maker SVolt Energy Technology announced on July 30 that it had obtained Round B financing worth 10.28 billion yuan, led by BOCGI, Country Garden Venture Capital, SCGC, CCB Investment, IDG, SANY and Xiaomi Group.
Tesla China Drops Model 3 Price as Shift to More Cost-Effective Batteries Continues
The Chinese division of American electric vehicle (EV) manufacturer Tesla Inc. announced on Friday that it has lowered the price of its popular Model 3 to settle at a new overall post-subsidies price tag of 235,900 yuan ($36,500), a reduction of 15,000 yuan.
ByteDance AI Lab Director Confirms Resignation; Scientists Leave the Business Tower for the Ivory Tower
Recently, ByteDance has had a change up of personnel. Li Lei, ByteDance's AI Lab director, left his post and joined the University of California, Santa Barbara (UCSB) as an assistant professor.