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Meet the biggest winner behind NIO's surge, who made $6.7 billion in six months
Central China's Anhui province is always in the spotlight for its reform moves, from betting a fifth of its revenue on BOE to making 45 billion yuan ($6.7 billion) in half-year profits from its investment in Chinese EV maker NIO (NYSE: NIO) this year, it has made every major investment lucrative.
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Li Auto says it has delivered more than 20,000 Li ONEs
Chinese electric vehicle maker Li Auto (NASDAQ: LI) said on Weibo on October 18 that it had delivered more than 20,000 Li ONEs to customers in total, just 10 months after the model began deliveries in December 2019, the fastest record for a new Chinese carmaker to achieve such deliveries.
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China's first mining 5G network system in operation with less than 20 milliseconds latency
The first highly reliable 5G private network system for mines in China was put into operation in Zoucheng, Shandong province on October 17, according to local Shandong TV.
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First China-made 6-inch silicon carbide wafer released in Shanghai
The first China-made 6-inch silicon carbide MOSFET (metal oxide field effect transistor) wafer was released in Shanghai on October 16, according to a report by the local Oriental Satellite Television.
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Tesla removes 7-day no reason return clause in China
Tesla China announced on Friday that it was discontinuing and canceling its confidence guarantee scheme, meaning that consumers will no longer be able to return their vehicles without a reason within seven days of taking delivery.
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IDC expects Apple and Huawei to capture 88% of China's high-end smartphone market
Apple and Huawei will each account for about 44 percent of China's 5G handset market in the $600-plus price point where the iPhone 12 series is located, according to a recent report from research firm IDC.
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Chinese investors, envious of NIO's surge, want to find any connection between their portfolio companies and NIO
The stock price of NIO (NYSE: NIO) has been rising strongly lately, and envious Chinese investors are looking to profit from it, so they are desperately looking for any connection between their portfolio companies and the US-listed Chinese EV maker.
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Shenzhen users can continue to use digital RMB wallet after pilot ends
After the digital RMB lucky money trial in Shenzhen ends on October 18, those who have downloaded the digital RMB wallet App can continue to use it after topping up their money, the Beijing News quoted a source as saying on Friday.
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JP Morgan: We believe Chinese EV supply chain is on a multi-year rise
After raising their price target on Chinese electric vehicle (EV) maker NIO (NYSE: NIO) sharply to $40 in a report released on Wednesday, JP Morgan analysts led by Nick Lai gave a positive review on the Chinese EV supply chain in a new report on Thursday.
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Shenzhen gas stations accept digital RMB payments on pilot basis
On October 13, Sinopec Guangdong Branch launched a pilot digital RMB payment application at 11 gas stations in Shenzhen.