42 h. ago Tesla Rivals XPeng, Nio Report Record China EV Sales; Nio Swings On Earnings

Tesla Rivals XPeng, Nio Report Record China EV Sales; Nio Swings On Earnings  Investor's Business Daily

Politics

66 h. ago Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out

Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out  Investor's Business Daily

Politics

2 d. ago Chinese humanoid robot maker UBTech gets US$1 billion funding boost

UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion, including a joint venture in the Middle East. The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini Capital, an investment conglomerate headquartered in Hong Kong and Abu Dhabi. The support would come through share allocations, convertible bonds and expedited...

Economics

3 d. ago Tesla Rival XPeng, Xiaomi Report Strong China EV Sales; Nio, Li, BYD On Tap

Tesla Rival XPeng, Xiaomi Report Strong China EV Sales; Nio, Li, BYD On Tap  Investor's Business Daily

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5 d. ago BYD profits fall as mainland price war swamps EV export surge

China’s electric-vehicle (EV) king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market. The Shenzhen-based company earned 6.4 billion yuan (US$894.6 million) in the three months to June, down 29.9 per cent from a year earlier. Revenue grew 14 per cent year on year to 201 billion yuan. The second-quarter numbers are derived by comparing BYD’s interim earnings to its results for...

Economics

6 d. ago A Chinese robot vacuum maker is not only trying to build luxury EVs, but compete with Bugatti

A Chinese robot vacuum maker is not only trying to build luxury EVs, but compete with Bugatti  Electrek

Politics

8 d. ago Chinese humanoid robotics firms adopt Nvidia’s new ‘robot brain’

Chinese humanoid robot makers – including Unitree Robotics, AgiBot, Galbot, Engine AI and UBTech Robotics – have become early adopters of Nvidia’s latest product that enables their machines to have real-time, intelligent interactions with people. The Jetson AGX Thor developer kit and production modules, which Nvidia launched on Monday, are computers designed to power robots across industries including manufacturing, logistics, transport, healthcare, agriculture and retail. Built on an Nvidia...

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1 week ago Li Ning’s interim profit dips 11% amid tough competition in sportswear market

Chinese sportswear and equipment maker Li Ning posted a drop in interim profit, as weak consumer sentiment weighed on spending and intensifying industry competition squeezed profitability, with management warning of “stronger-than-expected” challenges in the second half. Net profit for the six months to June fell 11 per cent to 1.74 billion yuan US$241.9 million from a year ago under global accounting standards, according to a statement late on Thursday. Sales rose 3 per cent to 14.82 billion...

Economics

2 w. ago Drone leader DJI’s latest challenger is a Chinese robot vacuum maker

Dreame Technology, a Chinese brand known for its robot vacuum cleaners, is actively recruiting drone experts in what is seen as a move to compete with DJI, the dominant player in the market, amid growing competition from innovative hardware start-ups. The company is advertising at least 10 positions – including drone navigation modelling algorithm engineer, drone test pilot, drone operations sales director and business director for the pan-aviation industry – according to job postings on the...

Politics

2 w. ago China’s Android phone brands promote new privacy permission platform

China’s five leading Android-system smartphone brands – Honor, Lenovo, Oppo, Vivo and Xiaomi – have formed a platform to promote a new privacy permission system, marking a key step towards standardising privacy protection among Android users in the artificial intelligence era. As Chinese smartphone makers rush to equip AI features, the issue of user data collection has become the focus of debate. The initiative by the five brands aims to strike a balance between privacy protection and user data...

Events

2 w. ago Chinese EV makers report sales dip in July; latest Tesla Model 3: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Can China forge an offshore economic empire? EV producers are feeling the way The electric vehicle (EV) industry, formerly one of China’s most inward-focused industrial sectors, is now leading a push overseas, carrying the government’s hopes of forging an offshore economic empire to...

Politics

3 w. ago Chinese EV makers report sales dip in July amid narrower discounts

Electric vehicle (EV) sales in mainland China hit a speed bump last month, sparking worries about the industry’s growth momentum as more carmakers heed Beijing’s call to hold back on discounts and focus on profitability. Total EV deliveries, comprising passenger cars and commercial vehicles like buses, slid 5 per cent from a month earlier to 1.26 million units in July, according to data from the government-backed China Association of Automobile Manufacturers (CAAM). It was the first...

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3 w. ago Nvidia, AMD Stocks Fall. Trump Wants U.S. to Get Cut of China AI Chip Sales: Report.

Nvidia, AMD Stocks Fall. Trump Wants U.S. to Get Cut of China AI Chip Sales: Report.  Barron's

Politics

3 w. ago Nvidia, AMD to pay 15% of China chip sale revenues to US: report

Nvidia, AMD to pay 15% of China chip sale revenues to US: report  New York Post

Economics

3 w. ago Chinese vehicle makers scale back EV discounts on Beijing’s orders

Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers fell to 16.7 per cent last month from an unprecedented 17.4 per cent in June, according to a recent JPMorgan report. “This is...

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