Xpeng narrowed its losses last quarter as deliveries and vehicle margins improved. Technology licensing fees from Volkswagen also helped.
The computers, which run chips from Qualcomm, are 58 per cent faster than Apple’s top-of-the-line MacBook Air M3, according to Microsoft.
Hong Kong stocks retreat from 10-month highs after disappointing earnings from Li Auto triggered concerns about corporate performances in China.
Earlier this year, Dimon, 68, moved some of his top lieutenants into new senior roles, positioning them for more experience running the bank’s operations as he prepares potential successors.
Tesla’s closest rival in China’s EV market reported a major setback in the first quarter, after earnings and deliveries slumped from the preceding three months. Margins eroded amid price discounting.
China’s leading EV makers are taking longer to settle payments with suppliers, indicating stress in the industry because of slowing sales and mounting discounts.
Gotion’s G-Current lithium-ion-phosphate battery offers a driving range of nearly 500km in under 10 minutes of charging. Deliveries are expected to start in 20025 when a new plant is ready.
Hong Kong stocks at 10-month highs after China’s property support measures cheer investors.
Cloud Light Technology CEO Dennis Tong anticipates multiple years of 50 per cent growth as AI drives up demand for faster data centre resources.
Licensing of Xpeng’s technologies will allow the EV maker to further its research and development efforts and maintain its technological edge, vice-chairman and president Brian Gu says.
After demand for masks slumped, Innotier diversified into making products aimed at customers concerned about hygiene in the post-Covid-19 era, founder Juliana Lam says.
Mainland China will become the largest single market for Mirxes’ core product, a stomach cancer detection kit that was key to the company’s development, according to Zhou Lihan, its CEO and co-founder.
The developer sold 203 units out of 213 on offer at Yoho Hub II in Yuen Long as of 5pm on Saturday.
State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.
Environmental sustainability is a leading concern for the younger generation, and they have been pushing businesses to take more action on climate change, according to a Deloitte survey.
China’s search engine and AI giant saw revenue grow 1 per cent in the first quarter, while net income fell 6 per cent but was better than estimates.
Temu often fails to provide consumers with crucial information about the sellers on its platform and safety standards of products, according to the complaint.
Saudi Arabia’s Public Investment Fund and Michael Burry’s Scion Asset Management increased their holdings of Chinese large caps, while Singapore’s Temasek reduced its stock holdings.
Microsoft is asking employees to move to several designated locations, including those in the US and Australia, as AI becomes a flashpoint in the US-China tech war.
France is Xpeng’s tenth European market and comes after launches in Spain and Portugal last month. It will market the G9 and G6 SUVs and will also set up a sales and service network with local distributors.
Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.