Pandaily’s Digest #20220418
Didi Global announced on April 16 that it will hold a special shareholders meeting at 19:00 on May 23 to vote on a voluntary delisting from the New York Stock Exchange.
Didi to Vote on Delisting of U.S. Stocks on May 23
Didi Global, a leading ride-hailing platform in China, announced on April 16 that it will hold a special shareholders meeting at 19:00 on May 23 to vote on a voluntary delisting from the New York Stock Exchange (NYSE). Before this withdrawal is completed, the company will not apply to list its shares on any other stock exchange.
Geely Releases Second Hybrid Model
The Geely Emgrand L Hi • X compact sedan was officially unveiled on Thursday. This is Geely’s second hybrid model and also the first with the 1.5 TD-3DHT Leishen system.
In terms of appearance, the model is not much different from the ordinary version. The Emgrand L Hi • X uses a digital streamer logo which is the same as the Xingyue-L, and its charging port is also located at the left front fender.
EV Startup WM Motor Launches New E.5 Sedan
On Friday, WM Motor, an electric vehicle startup, launched the 2022 version of its E.5, a smart, pure electric sedan including two models with price tags (after subsidies) of 180,100 yuan ($28,251) and 190,100 yuan ($29,820).
Douyin Tests New Layout to Stress E-Commerce, Downplay Social Features
Tech Planet reported on Friday that Douyin, the Chinese mainland version of TikTok, has recently been testing a new homepage layout that emphasizes the “Mall” function. This e-commerce feature has now been placed in the navigation bar at the bottom of the app’s homepage, replacing the former “Friends” button, which has moved to the top of the homepage as a tag. The tests indicate that Douyin is weighing the importance of e-commerce and social features.
Tesla’s Shanghai Gigafactory Cleared to Resume Production Today
Tesla’s Shanghai Gigafactory has gained approval from local authorities to resume production as early as today following a three-week stoppage, according to two sources cited by Reuters on Friday. The company and relevant departments in Shanghai have so far made no official comment on the news.
ByteDance-Owned VR Startup Pico Releases Neo 3 Link Headset
Pico, a VR brand owned by TikTok owner ByteDance, announced at the Laval Virtual event in France on April 13 that its Neo 3 Link headset will cost €449 ($539), with limited availability.
Alibaba-Backed IM Motors Releases New L7 Models
IM Motors, a joint venture funded by SAIC, Alibaba and Zhangjiang Hi-Tech, officially launched the L7 Dynamic and L7 Pro models on April 17, priced at 368,800 yuan and 408,800 yuan ($57,866 – $64,143) respectively.
China Refines Supervision of E-Cigarette Industry
The official website of China’s State Tobacco Monopoly Administration issued a number of documents on April 15, stipulating guidelines for the production, wholesale, retail and traceability of electronic cigarettes.
According to the new rules, when applying for a production license, an e-cigarette manufacturer should possess the necessary capital, technology and equipment and meet the requirements of the national e-cigarette industry policy.
OPPO to Launch K10 Smartphone Series, First Ever With Dimensity 8000 MAX Chip
Smartphone brand OPPO announced Monday that the launch conference for its K10 series will be held at 14:30 on April 24, and the first related promotional video has been released.
In addition, two products within the OPPO K10 series have appeared on the company’s official website, showing the devices’ design and main parameters.
Chinese Industrial AI Firm GT AI Completes Round-C Financing Led by GS Capital
GT AI announced Monday that it has obtained several hundred million yuan in C-round financing. The lead investor was GS Capital, while existing shareholders Qualcomm Ventures and Broad Vision Funds also contributed.