China's automobile and coffee industries have been getting closer and closer lately. In October of this year, domestic electric vehicle maker NIO applied for several trademarks related to coffee in a bid to search for new growth points.
Half a year has transpired since Chinese electric vehicle startup WM Motor submitted its application for a public listing, but a lack of progress with those plans has caused it to consider alternative paths, such as reverse merger.
A fire broke out on November 24 at an auto interior shop in Shanghai, damaging about 12 luxury cars. Although the cause of the fire is still under investigation, several bloggers claimed that a Tesla Model Y was the source. Tesla has denied this speculation.
With its advantages in automobile manufacturing and preferential tariff policies, Thailand is emerging as an important destination for China's new energy vehicle makers to begin exploring international markets.
Affected by positioning upgrades, material costs, the continued impact of COVID-19, exchange rate fluctuations and other factors, the unit price of the upcoming Xiaomi 13 smartphone series is expected to increase by 15-20% to around 4,500 yuan ($628).
Chinese game developer miHoYo on November 24 announced the formal dissolution of Project SH, a game product led by Cai Haoyu, the co-founder and CEO of the firm and producer of Genshin Impact.
NiuTrans, a machine translation system that supports most major languages in the world, has recently added 84 new languages to its database, bringing the total to 388. The new languages in NiuTrans are expected to cover more than 120 million native speakers.
Chinese internet giant Alibaba's project of encouraging tech talent to boost rural revitalization is helping children in undeveloped areas across the country enjoy free, low-code programming platforms, laying a solid foundation for their future development.
Chinese smartphone firm OPPO unveiled its Reno 9 series in China on November 24. The lineup includes three models, namely the Reno9, Reno9 Pro, and Reno9 Pro+. OPPO's Enco R Pro TWS headset also appeared at the launch conference.
Leading Chinese electric vehicle firm BYD announced earlier this month that it will launch a new high-end automotive brand called Yangwang. A series of spy shots showing the first model of this brand was unveiled on November 24 in China.
One Chinese programmer whose IP address is located at Twitter's headquarters claimed that he was fired because he failed to pass Elon Musk's late-night code review, arousing significant attention on Chinese social media.
Chinese drone maker DJI released its T50, T25 and Mavic 3 Multispectral products on November 23, geared at the smart agriculture sector. It also released its first brand film and brand declaration for agricultural business – "Better Growth, Better Life."
Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.
Suning.com and its logistics subsidiary became involved in a bankruptcy review case on November 21, triggering rumors about the e-commerce platform that has been struggling with a persistent debt crisis. This report was later officially denied by the company.
Following recent cuts made by Tesla to its electric vehicle prices in the Chinese market, BYD announced on November 23 that it will increase the prices of its Dynasty series, Ocean series and Denza vehicles, ranging from 2,000 yuan ($279) to 6,000 yuan ($838).
SinoSynergy, a hydrogen fuel cell company based in China's eastern Zhejiang province, on November 22 submitted a listing application to the Hong Kong Stock Exchange, with Huatai Financial Holdings named as the exclusive sponsor.
Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.
Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.
Hon Hai Precision Industry, a leading electronics manufacturer which trades as Foxconn Technology Group, announced on November 22 that it would recruit Chiang Shang-yi, a former executive at Taiwan Semiconductor Manufacturing Co (TSMC), as the group's new semiconductor strategy chief.
Pictures of a new "Maners Coffee" store located in Hong Kong's World Trade Centre were posted on November 21 on Xiaohongshu, a popular Chinese lifestyle-sharing platform. Apart from a slight change in its name, the logo is consistent with that of mainland chain Manner Coffee.