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Xiaomi pours 1.1 billion yuan in innovative businesses including automaking in Q1 2023
Xiaomi pours 1.1 billion yuan in innovative businesses including automaking in Q1 2023

On May 24, Chinese tech giant Xiaomi Group unveiled its financial performance for the first quarter of 2023, with a quarterly revenue of 59.477 billion yuan, which dropped 18.9% year over year.

May 25 , 2023
Continental AG’s subsidiary breaks ground on new production facility in Jiading district, Shanghai
Continental AG’s subsidiary breaks ground on new production facility in Jiading district, Shanghai

On May 24, Continental Automotive Systems (Shanghai) Co., Ltd., a subsidiary of Continental AG, broke ground in Jiading district the fourth phase of its factory in Shanghai city, according to a post on Continental AG’s WeChat account.

May 25 , 2023
MAXIEYE introduces single-vision L2 solution 'MonoToGo™' for mainstream auto market
MAXIEYE introduces single-vision L2 solution 'MonoToGo™' for mainstream auto market

MAXIEYE, Shanghai-based AI-driven autonomous driving solution provider, announced on May 24 the official release of its new single-vision L2 solution, named MonoToGo™.

May 25 , 2023
XPeng faces YoY, QoQ drops in Q1 2023 revenue
XPeng faces YoY, QoQ drops in Q1 2023 revenue

XPeng reported total revenues of RMB4.03 billion (US$0.59 billion) for the first quarter of 2023, indicating a decline of 45.9% year-on-year (YoY) and a decrease of 21.5% quarter-on-quarter (QoQ).

May 24 , 2023
Polestar, Xingji Meizu said to seek capital collaboration
Polestar, Xingji Meizu said to seek capital collaboration

Polestar, the electric performance car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding Group, is reportedly exploring a capital-level collaboration with Xingji Meizu.

May 24 , 2023
Tianjin Port intoduces first fuel-cell electric ART
Tianjin Port intoduces first fuel-cell electric ART

Tianjin Port Group introduced the world's first self-developed fuel-cell electric Artificial Intelligence Transport Robot (ART) during the 7th World Intelligence Congress.

May 24 , 2023