Beijing Borgward, once billed as a rival to BMW, Mercedes-Benz and Audi, officially declared bankruptcy on November 29. The announcement explained that it was drained to pay off its debts but its current assets are not enough to settle the balances.
In recent days, reports about a chip joint venture in China between Tesla and Swiss semiconductor company Annex have attracted a lot of attention, but on November 30, Tesla China said that the EV maker has not established a chip company in China.
At 23:08 on November 29, China Standard Time, a Long March 2F carrier rocket holding the Shenzhou-15 manned spacecraft was ignited and dispatched from the Jiuquan Satellite Launch Center.
The Frigate 07 electric vehicle model from Shenzhen-based automotive firm BYD will be launched on December 9. As a brand-new addition to BYD's Warship Series, the Frigate 07 is positioned as a five-seat medium-sized SUV.
China's Shenzhou-15 crewed spacecraft mission will launch at 23:08 on November 29, which will wrap up the last stage of China's space station construction and kick off the first stage of its application and development.
He Jiankui, a Chinese scientist who announced in 2018 the successful birth of the world's first genetically-edited babies, declared the establishment of a new laboratory in Beijing, where he plans to engage in scientific research on gene therapy for rare genetic diseases.
The Hengchi 5 model made by the automotive wing of Chinese real estate developer Evergrande opened for sale at the end of October. Recently, however, some Chinese web users have complained that the new car is beset with various quality problems.
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.
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.
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."
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.
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.
The latest vivo X-series flagship smartphones were unveiled in China on November 22. The vivo X90 and X90 Pro are powered by a MediaTek Dimensity 9200 chipset while the X90 Pro+ adopts Qualcomm's brand-new SoC, the Snapdragon 8 Gen 2.
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
The positions of legal representative and chairman of Ant Group's insurance agency company have recently been changed to Zhang Yu, Vice President of Ant Group. This marks another key executive change to the platform since April 2021.
On November 20, the FIFA World Cup Qatar 2022 opened. From manufacturing, brand marketing, cultural derivatives to event broadcasting, the stadium is full of Chinese elements.
Chinese electric vehicle maker XPeng has recently made a round of adjustments with its P7, P5 and G3i series by reducing the number of models but retaining current configurations and retail sticker prices.
Chinese electric vehicle maker BYD announced on November 21 that it has signed an order for 64 electric buses with Nobina, the largest bus operator in Northern Europe. These vehicles are scheduled to be delivered in the second quarter of 2023.