Phate Zhang

Huawei's new sports health science lab was put into use today. The lab is divided into a wearable product reliability test lab and a sports health professional evaluation lab.

Chinese carmaker Great Wall Motors is planning to launch a new premium smart electric car brand to compete with new Chinese car makers like NIO and Li Auto.

Local governments will be encouraged to optimize auto purchase restriction measures, automakers will be encouraged to enter the rural market, and customers will be encouraged to do trade-ins.

China recently announced a target of 20 percent penetration rate of new energy vehicles by 2025, and in the opinion of William Li Bin, founder, chairman and CEO of NIO, this target is actually a somewhat conservative one.

In November, China shipped 20.13 million 5G phones, accounting for 68.1% of all cell phone shipments in the same period, according to data from the China Academy of Information and Communications Technology (CAICT), a government think tank.

Automotive brands around the world are basically looking for supply chains in China, including Tesla, Toyota, and Volkswagen, which is a huge advantage for local brands, William Li Bin said.

The Li ONE, the only model of Chinese EV maker Li Auto, has accumulated 4,676 insurance registrations in November, making it the No. 1 SUV sold in China for the third consecutive month, according to the latest data.

Changan NIO is hiring for a number of positions in Chongqing, Nanjing and Shanghai as it aggressively pursues the development of its premium brand.

Everyone seems to be using XPeng's images or video when promoting their navigation capabilities. After Tesla, Baidu is the latest to do so.

XPeng priced its follow-on offering of the ADS at $45 each, representing a 7.6% discount to its last closing price of $48.69.