Pandaily's Digest #20211101
Delivery of NIO‘s EVs postponed due to production line upgrading, Tesla Model 3 to launch heated steering wheel function in China, JD.com’s Double 11 shopping festival kicks off, and more.
Due to NIO’s Production Line Upgrading, Delivery of Some EVs Scheduled for October Gets Postponed
On October 30, Chinese EV maker NIO announced that due to the previous stop of its production lines caused by the upgrading of its Hefei Manufacturing Base, some vehicle orders planned to be delivered in October will be postponed.
Tesla Model 3 to Launch Heated Steering Wheel Function in China
Recently, a Chinese netizen took to social media to ask Tao Lin, Vice President of Tesla China: “When will the steering wheel heating function be introduced for the Standard Range Plus of Model 3 in China?” Tao replied that this function will be launched in the near future.
Turnover From Xiaomi, Honor, OPPO and Huawei Products Exceeds 300% YoY in First Ten Minutes of JD.com’s Double Eleven Shopping Festival
Chinese e-commerce platform JD.com launched its Double Eleven Shopping Festival at 8:00 p.m. last night. The turnover from the iPhone exceeded 100 million in 3 seconds, and that of smartphone brands Xiaomi, OPPO, Realme, Huawei, Honor, iQOO and Vivo increased by over 300% year-on-year. Xiaomi ranked top in sales.
Gree Fined $91.2 Million for Selling Defective Dehumidifiers in U.S., Saying Problem Occurred Eight Years Ago
Chinese appliance manufacturer Gree replied on Sunday to recent reports of being handed an administrative fine of $91.2 million by U.S. authorities for selling defective dehumidifiers in the country. Gree said that the related issues happened eight years ago and never again since 2013.
Xiaomi Auto’s Senior Engineer Rumored to Receive Annual Salary of $93,693 with $156,155 in Share Options
An appointment letter of a senior engineer from Xiaomi Auto shows that this senior engineer has an annual salary of 600,000 yuan. In addition, the engineer obtained a share option valued at 1 million yuan.
Colored Contact Lenses Brand Moody Completes C Round of Financing of Over $156 Million
Weimu (Shanghai) Technology Co., Ltd., the parent company of moody, a colored contact lenses brand, has recently completed round C financing worth over 1 billion yuan ($156 million), led by KKR and 5Y Capital.
Tencent to Invest in Japanese Publishing Company Kadokawa to Strengthen Cooperation in Animation and Gaming Intellectual Property
Tencent announced on October 29 that it will acquire a 6.86% stake in Kadokawa for 30 billion yen ($263 million) via its subsidiary Sixjoy, a wholly-owned subsidiary of Tencent in Hong Kong.
Apollo Moon: Some Facts and Thoughts About Baidu’s Latest Self-Driving Cars
On October 28, Chinese technology firm Baidu showcased its 5th generation robotaxi fleet, Apollo Moon, at an open house event in Beijing’s Shougang Industrial Park.
350 Unmanned Vehicles of Alibaba’s Cainiao to Be Stationed in 200 Universities During Double 11 Shopping Festival
Alibaba's logistics platform Cainiao together with DAMO Academy announced that a total of 350 unmanned delivery vehicles have been put into operation in more than 200 universities in more than 70 cities across the country.
Huawei Reports Sales Revenue of 455.8 Billion RMB and Net Profit Margin of 10.2% for First Three Quarters of 2021
On October 29, Huawei released its business results for the first three quarters of 2021. According to the report, the company achieved sales revenue of 455.8 billion yuan during the period, down 32% year-on-year.