23 h. ago BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals. BYD, the world’s largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China’s...

Economics

24 h. ago China's Geely launches in UK, first model to be electric EX5 SUV

China's Geely launches in UK, first model to be electric EX5 SUV  Reuters

Politics

4 d. ago Alibaba unveils new AI model for more precise image creation

Alibaba Group Holding has launched a new artificial intelligence (AI) model, Qwen VLo, said to be capable of generating and editing images with a finesse akin to that of a human artist, intensifying the competition in multimodal models as the tech giant seeks to redefine itself as an AI leader. Released on Friday, Qwen VLo was a “comprehensive upgrade” from previous models like QwenVL and Qwen2.5 VL, the company said. It could better understand input and create more precise images, accommodate...

Politics

5 d. ago China's Geely appoints new chair of European business, replacing founder Eric Li

China's Geely appoints new chair of European business, replacing founder Eric Li  Reuters

Politics

2 w. ago Apple Intelligence will launch in China with Alibaba’s new AI model

Apple Intelligence will launch in China with Alibaba’s new AI model  Boy Genius Report

Politics

2 w. ago DeepSeek rival MiniMax says its first AI reasoning model halves compute of R1

Shanghai-based artificial intelligence (AI) start-up MiniMax has launched an open-source reasoning model that it said requires just half the computing resources of rival DeepSeek’s models for some tasks. On Tuesday, the company announced the release of MiniMax-M1, its first reasoning model, on its official WeChat account. M1 consumes less than half the computing power of DeepSeek-R1 for reasoning tasks with a generation length of 64,000 tokens or fewer, according to a technical paper released...

Politics

2 w. ago Chinese EVs: Xiaomi accelerates launch of Tesla Model Y rival YU7

Chinese smartphone and car maker Xiaomi has moved up the launch of its latest electric vehicle (EV) model amid strong consumer interest in the SUV, which is seen as a potential challenger to the dominance of Tesla’s Model Y. Sales of the YU7, the Beijing-based company’s second production model, would start at the end of this month instead of in July as previously planned, founder and CEO Lei Jun said in a post on Chinese social media platform Weibo on Monday. “We are making the preparations, and...

Politics

3 w. ago DJI launches US$10,000 enterprise drone that can avoid power lines at night

DJI, the world’s biggest maker of consumer drones, this week launched a US$10,000 enterprise flagship model, the Matrice 400, with extended flight time and an obstacle-sensing system to avoid buildings, mountains and high-voltage power lines at night. The new enterprise drone offers a 59-minute flight time, a payload capacity of up to 6kg, and a powerful lidar and mmWave radar-based obstacle-sensing system that makes this a versatile drone for applications such as emergency air response, power...

Events

3 w. ago China’s Geely hits the brakes on new plant construction globally: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely to ripple across the sector as most Chinese companies are finding it difficult to make profits. Chairman Li Shufu told the Chongqing Auto Show over the weekend that the company would avoid building excess capacity and instead focus on improving its technological capabilities to become a key player in the future of mobility. “The global automotive industry is mired...

Events

3 w. ago US faces vape shortage as China tariffs, seizures hit Geek Bar

US faces vape shortage as China tariffs, seizures hit Geek Bar  Reuters

Events

4 w. ago ‘We’re definitely on the back foot’: U.S. risks losing fusion energy race to China, industry leaders warn

‘We’re definitely on the back foot’: U.S. risks losing fusion energy race to China, industry leaders warn  GeekWire

Events