Pandaily's Digest #20220923
Chinese EV maker BYD is set to enter the UK later this year, and local car dealer Pendragon on September 21 revealed hat it has held discussions with BYD on cooperation.
BYD to Enter British Market, Discussing with Local Dealer Pendragon
Chinese EV maker BYD is set to enter the UK later this year, and local car dealer Pendragon on September 21 revealed in its financial results for the first half of 2022 that it has held discussions with BYD on cooperation.
August Wholesale MPVs Hit 93,000 Units in China, Up 6.8% YoY
According to statistics released by the China Passenger Car Association (CPCA) on September 22, 93,000 multi-purpose vehicles (MPVs) were sold through wholesale in China in August this year, an increase of 15.5% month-on-month and 6.8% year-on-year.
Fresh Grocery E-Commerce Firm Dingdong Maicai to Explore Pre-Cooked Dishes Business
US-listed fresh grocery e-commerce brand Dingdong Maicai revealed that it will cooperate with other brands to develop pre-cooked dishes for individual consumers, Cailian Press reported on September 22.
Inkeverse Launches Social Metaverse Product Targeted at Gen Z
Chinese social networking firm Inkeverse is continuing its push into the metaverse with the launch of a new social product for overseas markets called “The Place.” As a 3D virtual social platform for Generation Z consumers in Europe and the United States, it provides users with immersive social experiences through virtual scenes and images, as well as through real-time audio interaction.
Huawei Mate 50 vs. iPhone 14: The Fight Is On
The Huawei Mate 50 smartphone series was officially launched in China on September 21, and the devices are now highly sought after at offline stores in Shanghai and Guangzhou. Supply is tight at present, making it difficult to meet the demand of all consumers, according to a report by Chinese media outlet Time Weekly.
Understanding Meta-morphic: A Meeting of Nature, Life, and Technology
NFTs present unique ownership that is coded on the blockchain. Uniqueness in terms of the value of the NFT, however, is decided by the community.
Microsoft to Expand Talent Tecruitment in China
With the 30th anniversary of its entry into China, Microsoft announced on September 20 that it will continue to expand its recruitment in the country next year. The recruitment drive will bring the company’s total number of employees in China to over 10,000. At present, Microsoft has more than 9,000 full-time employees in China, 80% of which are R&D and engineering technicians.
New Energy Storage Firm WeView Bags $56.8M in Several Rounds of Financing
WeView, a Shanghai-based new energy storage enterprise, announced on September 21 that it had completed several rounds of financing in six months, with a total amount exceeding 400 million yuan ($56.8 million). Investors include Gaorong Capital, Green Pine Capital, ZhenFund, and other venture capital institutions.
XPeng Launches G9 Flagship SUV, Starting from $43,968
Chinese EV maker XPeng revealed its 4th production model, the G9 Flagship SUV, for the Chinese market on September 21. The G9 will start from 309,900 yuan ($43,968) up to 469,900 yuan ($66,669) with the first deliveries for customers in China expected to be October.
Tianqi Lithium to Contribute $100M for CALB’s Hong Kong IPO
Sichuan-based mining and manufacturing firm Tianqi Lithium released two announcements on September 21 aimed at boosting its stock price and market value. First, its wholly owned subsidiary plans to use up to $100 million of its own funds to serve as a cornerstone investor in the Hong Kong IPO of battery firm China Aviation Lithium Battery (CALB). At the same time, it intends to use between 136 million yuan and 200 million yuan ($19.2 million – $28.2 million) to repurchase shares for an employee stock ownership plan.