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NIO founder says China's goal of reaching 20% penetration rate of NEVs by 2025 is conservative
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.
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OnePlus co-founder Carl Pei raises $7 million for his new business, now hiring for key positions
Carl Pei, who left OnePlus as co-founder two months ago, has raised $7 million in start-up capital for his new company from a list of prominent investors and is in the midst of a major hiring process.
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CITIC Securities expects Xiaomi's market cap to reach HK$1 trillion, with AIoT as key driver
The analysts expect AIoT to be the main driver of the next round of technology dividends, and Xiaomi is likely to become one of the two key players in China's AIoT market.
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Foxconn attacked by hackers, $34 million bitcoin ransom demanded
The attack took place over Thanksgiving weekend and infected about 1,200 servers, with 100GB of unencrypted files stolen and 20TB to 30TB of backup data deleted.
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Baidu gets first permits for driverless road tests without safety officer in Beijing
The move is the latest development that will accelerate Baidu’s push to commercialize autonomous driving.
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Tesla pushes firmware update with new features for Chinese car owners
The new version of the software displays zoomed-in images of intersections with arrows on the instrument cluster (Model S and Model X) and touchscreen (Model 3) to guide lane direction.
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E Ink unveils world's first flexible color electronic paper
The product is expected to make a difference in innovative applications such as smart wear, smart jewelry, and smart apparel.
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BYD launches automatic parking assist system upgrade for Shenzhen Han EV owners
APA is one of the key features of BYD DiPilot, which includes eight short-range ultrasonic sensors, four long-range ultrasonic sensors, four HD panoramic cameras, and one controller.
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Suzhou begins digital RMB pilot program, will give out RMB 20 million gift money
A total of 100,000 gift money in the form of a so-called "Red Envelop" of RMB 200 each will be available to all eligible Suzhou residents starting at 20:00 on December 11.
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Baidu ranks No. 1 in China in AI patent ownership and applications
Baidu holds the most AI-related patents and has filed the most AI-related patent applications of among companies in China, a recent study published by two units of China's Ministry of Industry and Information Technology (MIIT) showed.