Phate Zhang
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Chinese Tesla rival Xpeng responds to its car fire
A video today showed that an Xpeng G3 in Guangzhou caught fire on the street and was surrounded by smoke. Firefighters arrived at the scene to extinguish the fire.
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SMIC says 14nm chips are in mass production and yields are improving
Chinese chip maker Semiconductor Manufacturing International Corporation (SMIC) is mass producing 14nm chips and yield is improving, the company said today in response to an investor question online.
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China's smartphone shipments down 35.5 percent year-on-year in July
China's smartphone shipments in July fell 35.5 percent year-on-year to 21.256 million units, data released today showed.
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NIO shares surge 11% pre-market as it sees lowest operating loss in Q2
NIO's financial report today showed a huge increase in revenue and a positive gross margin in the second quarter. After the results were announced, its shares surged in pre-market trading hours.
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NIO's Li Bin says EV development accelerates, but legacy automakers still have a chance
NIO founder, chairman and CEO Li Bin said today that even though Tesla's market cap exceeds Toyota's, its market share is still very low. The auto industry is not winner-take-all, which gives more opportunities to startups like NIO and legacy car makers.
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Has Luckin Coffee come back to life?
A report on Monday about Luckin Coffee sent the company's shares soaring in the US Over-The-Counter Pink Sheet Market. For a company that's been embroiled in a financial fraud scandal, is it coming back to life?
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Huawei plans to set up a unit to make screen driver chips
Huawei is allegedly setting up a division to make screen driver chips to enter the screen industry and further expand its footprint in chip making.
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NIO's tech vendor reaffirms co-op on battery swap station
Chinese technology company CSG Smart Science said today in response to a question from investors that it has a partial contract with NIO for the battery swap station project that is currently underway.
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China's July sales of new energy vehicles up 19.3 percent year-on-year
China's passenger car sales in July rose 8.5% year-on-year, while sales of new energy vehicles rose 19.3%, according to the China Association of Automobile Manufacturers.
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Chinese university sends admissions letter with recording of pulsar signal from outer space
On August 10, 2020, the first acceptance letter from the University of Chinese Academy of Sciences arrived, along with a vinyl disc of the university's special gift for new students - sounds from the depths of the universe.