The letter goes on to say that 30 new models will be launched by the company over the next three years. Xpeng confirmed the contents of the letter.An Xpeng Inc. G9 electric vehicle at the Shanghai Auto Show on April 24, 2023. Photo: BloombergAccording to...
Semiconductor Manufacturing International Corp (SMIC) and Huawei Technologies, two key players in Beijing’s efforts to defeat US sanctions on advanced chips, are among the country’s top recipients of local government funding this year, according to published government documents.In Shanghai, 16 out of 191 major projects...
The Shanghai-based company designs and develops AI chips and autopilot control systems for autonomous vehicles and the broader logistics industry.It launched its flagship product, the Q-Truck, an autonomous, battery-powered commercial vehicle, in 2018, two years after the company was formed. 02:26China’s first commercial driverless sky train...
After the pandemic hit in 2020, some business owners and households were hard hit financially as a result of lockdown measures. But at the same time, many Canadians saw their bank accounts grow because of their reduced spending.Those savings ballooned to over $300 billion and...
As Alberta hopes to more than double the size of its tourism economy in the next decade, the provincial government is taking a new step to fill labour gaps by giving the industry its own dedicated immigration stream. The industry hopes the program will help fix its...
The Chinese securities watchdog’s new head, “Broker butcher” Wu Qing, has lost no time in tackling the turmoil that has rocked the country’s stock markets, after it hit five-year lows this month, unveiling a slew of proposals aimed at reviving market confidence.The China Securities Regulatory...
The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine.EU industry chief Thierry Breton said he took the decision...
Hong Kong stocks slipped for a second day as top Chinese electric-vehicle producers slumped amid a fresh round of price war. Some Chinese developers advanced, tempering market losses, following a record cut in a key onshore lending rate. HSBC climbed before its earnings report.The Hang...
“I’d like to compare this to the Newton moment of AI development,” Yin said.Chinese smartphone vendors from Meizu to Oppo step up AI integration in devicesZhou Hongyi, chairman and CEO of 360 Security Technology, said on the microblogging site Weibo that the gap between China...
“This pent-up demand will fade, so demand will return to the average level seen during the years before the pandemic. It is unlikely to go back to a peak of HK$72.7 billion seen in 2016.”Last year’s tally is a significant jump on the three-year Covid-19...