Pandaily's Digest #20221014
The US’s Bureau of Industry and Security added 31 new Chinese entities to an “Unverified List” on October 7, a move that affects fields like electric vehicles, aerospace and even smartphones.
Chinese-American Executives of Chinese Semiconductor Makers Face Challenges amid Restrictions from the U.S.
The US’s Bureau of Industry and Security added 31 new Chinese entities to an “Unverified List” on October 7, a move that affects fields like electric vehicles, aerospace, and even smartphones, requiring chip makers to obtain permission from the bureau to export certain chips to China for advanced AI computing and supercomputing.
Tencent’s WeChat Launches Palm Print Payment Mini-Program
Tencent’s versatile social media platform WeChat has recently launched a new mini-program enabling palm print payment, giving users yet another way to settle transactions in addition to passwords, fingerprints, and facial recognition, Tech Planet reported on October 14.
Horizon Robotics to Set Up JV with Volkswagen
German motor vehicle manufacturer Volkswagen Group announced on October 13 a new partnership between its software company CARIAD and Horizon Robotics, a leading provider of computing solutions for smart vehicles in China.
Geely-Backed Polestar Unveils First Pure Electric SUV
Polestar, a premium electric vehicle brand jointly owned by Volvo and Geely, on October 13 unveiled its first all-electric SUV, the Polestar 3. The model will be made available on the Chinese market in two versions for 880,000 yuan ($122,388) and 1.03 million yuan ($143,210).
Chinese Entertainment Firm Huayi Brothers Holds Shares in Metaverse Startup
As of October 12, a subsidiary of Chinese multinational entertainment company Huayi Brothers Media Corp. held 20% of shares in Metaverse Culture and Entertainment Management (Qingdao) Co., Ltd., and James Wang, one of Huayi Brothers’ founders, was serving as its director, according to information displayed on Chinese business data platform Qichacha.
NETA Auto Adjusts Configurations and User Rights of NETA S Model
NETA Auto, a Chinese electric vehicle maker that has recently witnessed rapid sales growth, issued an announcement on October 12, showing that the rights and interests of NETA S users have been fully upgraded, with some changes to functional configurations. Adding blue as a new color option, the NETA S will start delivery in November this year.
Tesla Model S Plaid Version to Be Delivered in China, Priced at over 1M Yuan
Recently, some Chinese netizens posted the delivery information of the Tesla Model S Plaid version. The buyer needs to submit the final payment of 1,013,990 yuan ($141,399) for the Plaid version with white interior after paying a 20,000 yuan deposit, bringing the price tag of the model in China to about 1,033,990 yuan.
Tencent Share Price Falls Below HK$250, A New Low
On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion. Chinese media outlet WAVE believes that the reasons behind the decline in Tencent’s share price include liquidity problems in Hong Kong stocks, regulatory concerns in the Internet field, reductions of holdings by major shareholders, as well as the company’s own weak growth.
Pony.ai and RoboSense to Cooperate on Autonomous Driving
Autonomous driving startup Pony.ai announced on October 12 that it has reached a comprehensive strategic cooperation agreement with lidar firm RoboSense. The two sides will carry out in-depth collaboration in the fields of autonomous driving and intelligent transportation, and promote the large-scale application of automated driving technical solutions.
BYD Launches ATTO 3 as Its First Passenger Car in Indian Market
Shenzhen-based new energy vehicle and battery giant BYD launched the ATTO 3, an electric SUV that is known as the Yuan Plus in China, as its first passenger car in the Indian market on October 11.