Huawei’s Harmony Intelligent Mobility Alliance (HIMA) reintroduced its Luxeed S7 electric vehicle today, following a string of production hurdles that plagued the vehicle’s initial debut. HIMA, spearheaded by Huawei, stands as a pivotal player in the electric vehicle (EV) market. The revamped Luxeed S7 is now available at a price range of U$34,516 to US$48,333,… Continue reading Huawei HIMA’s Luxeed S7 Electric Vehicle Reintroduced Following Production Challenges, Sparks Rivalry with Xiaomi SU7
Author: China Money Network Online News
Xiaomi’s SU7 Electric Vehicle Faces Challenges of Prolonged Delivery Times, Production Hell and Loss-Making Sales
Xiaomi’s SU7 smart electric car has garnered significant attention from consumers, with a strong initial week of orders. However, challenges have emerged, including extended delivery times, quality concerns, and complaints about the interior decor. If previous consumer frenzies over particular products are indicative, the spotlight on the SU7 could swiftly turn unfavorably for Xiaomi. Regardless,… Continue reading Xiaomi’s SU7 Electric Vehicle Faces Challenges of Prolonged Delivery Times, Production Hell and Loss-Making Sales
China’s Tech Giants Lead Among 546 Registered AI Algorithms; Industry-Specific Algorithms Are More Popular in China
Since June 2023, authorities in China have registered 546 generative artificial intelligence algorithms. As the pace of registration accelerates, the breadth of their applications is also expanding. However, the overall capabilities of general purpose large-scale AI models in China still lag behind American leaders such as OpenAI and Anthropic. There have been four batches of… Continue reading China’s Tech Giants Lead Among 546 Registered AI Algorithms; Industry-Specific Algorithms Are More Popular in China
China’s Integrated Circuits Imports and Exports Decline, Reflecting Sluggish Market and Growing Domestic Capabilities
China’s General Administration of Customs has released new data revealing a decline in both the quantity and value of China’s integrated circuits imports and exports for the full year of 2023. This decline is attributed to global economic headwinds, the ban on the sale of high-end AI chips to China, and the nation’s advancements in… Continue reading China’s Integrated Circuits Imports and Exports Decline, Reflecting Sluggish Market and Growing Domestic Capabilities
Huawei Aims for Better Results in Collaboration with Changan Auto Amidst Evolving Smart Car Endeavors
Today, at an event in Chongqing, Chairman of Changan Automobile Zhu Huarong revealed details about a joint venture established with Huawei last November. The joint venture between Changan and Huawei, provisionally named ‘Newcool’, will focus on seven key business areas. These include intelligent driving, intelligent cockpit, intelligent car digital platform, intelligent car cloud, and intelligent… Continue reading Huawei Aims for Better Results in Collaboration with Changan Auto Amidst Evolving Smart Car Endeavors
SenseTime Overcomes Founder’s Sudden Passing, Poised for Growth in Generative AI Sector
After the unexpected passing of its founder two weeks ago, Chinese AI company SenseTime Group Inc. (00020.HK) seems to have steadied itself amid the initial turmoil, with its shares recovering some lost ground. Investors are now reevaluating the firm’s stability and future prospects in the evolving AI landscape. On December 17, 2023, SenseTime announced that… Continue reading SenseTime Overcomes Founder’s Sudden Passing, Poised for Growth in Generative AI Sector
Geely to Launch 11 Satellites in Early 2024, Aiming for a 72-Satellite Network by 2025
Following the launch of nine satellites last June, Geely’s space unit said it plans to launch another group two of 11 satellites in early 2024 to improve the Chinese car maker’s integrated terrestrial and space smart travel ecosystem. The Geely Galaxy E8, which will be launched in January next year, will be equipped with the… Continue reading Geely to Launch 11 Satellites in Early 2024, Aiming for a 72-Satellite Network by 2025
China Tech Giants’ Pivot: Retreats from Metaverse, Autonomous Driving, Chip Development, and Beyond
Reflecting on 2023, a key theme for the Chinese technology industry has been strategic retreats from various once-popular sectors, with a sharp focus on financial performance. Amid challenging macroeconomic conditions and heightened competition in an already saturated market, tech giants like Tencent, ByteDance, Alibaba, and Baidu have shifted from an “expansion-first” approach to prioritizing “survival.”… Continue reading China Tech Giants’ Pivot: Retreats from Metaverse, Autonomous Driving, Chip Development, and Beyond
Chinese Electric Vehicles Expand Global Reach, Export Growth Surges by 84% Outside China
Chinese electric vehicle makers accelerate global expansion, achieving notable success in Southeast Asia, Australia, Latin America, and Europe. From January to November, Chinese EV exports soared to 1.091 million units, marking an 83.5% increase year-on-year, as per the China Association of Automobile Manufacturers. Leading the charge, BYD’s exports surged by 360% year-on-year to 216,000 units,… Continue reading Chinese Electric Vehicles Expand Global Reach, Export Growth Surges by 84% Outside China
Despite Dip in VC Funding, China Adds Ten New AI Unicorns in 2023
In 2023, China witnessed the emergence of ten new artificial intelligence unicorn startups, each valued at over US$1 billion. This development adds to the existing 102 unicorn startups in China’s AI sector, further solidifying its position in the global AI landscape. This came in the backdrop of a dip in venture financing in AI. As… Continue reading Despite Dip in VC Funding, China Adds Ten New AI Unicorns in 2023