According to a report from Central News Agency, China's automotive leader BYD announced on the 1st that its 2024 new energy vehicle (NEV) sales reached 4.272 million vehicles, marking a substantial 41% YoY increase and setting a new historical high. The growth is primarily attributed to the surging ...

As the merger between Japanese automakers Nissan and Honda highlights the threat from Chinese-made electric vehicles, there may be another fundamental issue which haunts the industry – the waning global EV demand. According to Business Korea, factory utilization rates for South Korea's leading ...

According to a report from Radio Taiwan International, citing South China Morning Post, price wars in China's automotive industry have intensified due to fierce competition and overcapacity. The report notes that with the Chinese government’s subsidy of RMB 20,000 for car replacements set to ex...

According to a report by TechCrunch, citing The Information, despite U.S. government efforts to restrict Chinese companies from accessing cutting-edge chips, sources cited in The Information reveal that ByteDance, the Chinese parent company of the popular short video platform TikTok, plans to inves...

According to a report from Economic Daily News, citing Chinese media outlet Jiemian News, Xiaomi is working on building its own 10,000 GPU cluster and currently heavily investing in AI large models. The company established its AI large model team in April 2023, with 1,200 R&D personnel led by CE...