Pandaily's Digest #20220930
Following the release of Apple’s newest iPhone 14 series on September 16, local ties have been thrust into the spotlight as the firm looks to diversify its manufacturing chains.
iPhone 14 Sales in China Lag as Apple’s Local Ties Transform
Since its advent in 2007, the iPhone has maintained an evolving relationship to China, with local operations spanning development, production, and consumption. Following the release of Apple’s newest iPhone 14 series on September 16, those ties have been thrust into the spotlight as the firm looks to diversify its manufacturing chains.
MetaMask Institutional Onboards Third Round of Custodians
Blockchain software firm and MetaMask developer ConsenSys unveiled on September 28 the third round of institutional custodians that have been onboarded to MetaMask Institutional (MMI), a version of MetaMask designed to meet the needs of the rapidly growing number of institutions embracing Web3 and investing in decentralized finance (DeFi).
Xiaomi Auto Reportedly Completes First Engineering Prototype Car
On September 29, a prominent user of Chinese leading investor community Snowball Finance posted that Xiaomi‘s first engineering prototype car had been completed on September 28. The blogger said that the next important step for Xiaomi Auto will be the completion of its automobile factory by the end of the year. However, this news has yet to be confirmed by Xiaomi.
China’s Second-Tier EV Makers Rush to List in Blooming Market
After public listings by XPeng, NIO and Li Auto in China and overseas, the second echelon of the country’s electric vehicle industry, including firms such as Leapmotor, WM Motor, and Aiways, is embarking on a new round of IPOs in a bid to secure more funding.
BYD Launches Three EV Models for European Market
On September 28, BYD held an online launch event for new energy passenger cars in Europe, launching three models for the market, including Han, Tang and ATTO3 (known as Yuan PLUS in China). The prices for these three models, however, are much higher than those in China.
Geely-backed Polestar to Launch Polestar 3 on October 12
Geely-backed premium electric vehicle manufacturer Polestar will premiere its first SUV, Polestar 3, at a launch event on October 12, in Copenhagen, Denmark. Polestar 3 will be the first model to be built in both China and the United States.
XPeng Founder Steps Down as Chairman of Flying Car Division
He Xiaopeng, the founder of Chinese EV maker XPeng, recently stepped down as chairman of XPeng Aeroht, an affiliate of XPeng and a flying car company, according to Tianyancha, a business information query platform.
Chip Design Firm Luxic Secures Hundreds of Millions of Yuan in Financing
Luxic, a chip design company that focuses on the optical communications field, announced on September 28 that it has completed two rounds financing worth over 100 million yuan ($13.8 million).
NETA Auto Sets Sights on Israeli Market
NETA Auto, a vehicle marque under Chinese firm Hozon Auto, announced on September 28 that it will enter the Israeli market after it signed a strategic cooperation agreement with Blilious Group, Israel’s leading distributor.
ByteDance Unveils PICO 4 Pro, Priced at $530
On September 27, PICO, a VR device brand owned by ByteDance, held a new product launch conference in Qingdao, Shandong Province, to unveil the new generation of its all-in-one VR device PICO 4 series to the Chinese market. Five days ago, the series was released in overseas markets such as Europe, America, Japan, South Korea and Southeast Asia. This time, PICO announced the launch date and price of its PICO 4 Pro that hasn’t been unveiled in the previous event, as well as the broad VR content ecology.