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XPeng Q3 revenue beats expectations, gross margin turns positive for first time
Chinese EV maker XPeng posted revenue of RMB 1.99 billion in the third quarter, higher than market expectations of RMB 1.9 billion, the company said today in financial results for the third quarter ended September 30, and expects fourth-quarter revenue of about RMB 2.2 billion.
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A major Chinese bank issues offshore bond that accepts payment with Bitcoin
China Construction Bank, one of the country's big four state-owned banks, has partnered with a digital exchange to raise up to $3 billion from a sale of bond that individuals and institutions can trade with US dollars or Bitcoin.
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BYD's new A+ sedan design sketches revealed
In order to further increase its model portfolio, BYD will launch a new A+ class sedan, according to mydeivers.com. BYD currently has popular sedan models including Qin, Han, and SUV models including Song, Yuan, Tang which are all named after China's dynasties.
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Chinese chip maker Unisoc says phones with its 6nm 5G chip will be mass-produced next year
Mobile phones with Unisoc's 6nm 5G chip Tiger T7520 will be mass-produced next year, Zhou Chen, vice-president of the Chinese fabless semiconductor company, said in an interview with several Chinese media outlets today.
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ByteDance's ad revenue in China expected to reach $27 billion this year
TikTok-owner ByteDance is expected to generate at least 180 billion yuan ($27.2 billion) in advertising revenue in China this year, which would cement the company's No. 2 position in the country's digital advertising market, Reuters reported on Wednesday.
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TikTok reportedly wants to revive Indian market
ByteDance's short video app TikTok, which was banned in India at the end of June, is working on a strategy and plan to revive the local market, sources quoted by India Times today said.
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Leading VC explains why they are betting heavily on China's smart EV sector including Li Auto and XPeng
In a report released today, Matrix Partners China, a leading venture capital (VC) firm that has backed major Chinese tech firms at their early stages, says it is not surprised by the popularity of electric vehicles in China today, as it very much recognizes the underlying revolution that smart electric vehicles will bring.
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SMIC posts Q3 revenue of $1.08 billion, beating estimates
SMIC's recorded third-quarter revenue of $1.08 billion, topping analysts' estimates of $994.8 million, according to the company statement today on the Hong Kong Stock Exchange.
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China releases 'Smart Connected Vehicle Technology Roadmap 2.0'
China released the "Smart Connected Vehicle Technology Roadmap 2.0" on November 11, detailing the development route, vision and strategic goals of intelligent connected vehicles.
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China's October new energy vehicle sales double from same month last year
A total of 160,000 new energy vehicles were sold in China in October, up 104.5% year-on-year, data from the China Association of Automobile Manufacturers showed on Wednesday.