Tuesday, February 7, 2023

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Pandaily

Pandaily is a Beijing-based media company. Equipped with a deep understanding of China’s technology landscape and the unicorns that drive its innovation, our mission is to deliver premium content with contextual insights on Chinese technology, business, sports and culture to the worldwide community.

BYD Acquires an Internet Insurance Company for $530M

According to Chinese commercial information query platform Tianyancha, BYD’s proposed acquisition worth 3.6 billion yuan ($530 million) for Yi’an Property Insurance Co., Ltd. was...

CATL Invests $3.52B in Battery Recycling Base

Leading Chinese battery firm CATL announced on January 15 that its subsidiary, Brunp, plans to invest 23.8 billion yuan ($3.52 billion) in Foshan, Guangdong...

Tesla China Denies 54% Drop in Production Costs for 4680 Batteries

News emerged recently that Tesla’s production of 4680 large cylindrical batteries has achieved a major breakthrough, and that costs have dropped by 54%. However,...

Tesla Global VP Grace Tao Explains China Price Adjustment Strategy

Tesla China recently reduced the prices of its Model 3 and Model Y, inciting the frustration of previous buyers and driving an uptick in...

Xiaomi Developing Two Car Models Simultaneously

Key progress has been made recently in Xiaomi‘s automaking efforts. Chinese media outlet LatePost learned exclusively that the Beijing-based tech giant’s first car will...

A Glimpse of the Battery Businesses of BYD, SAIC and GAC Motor

In order to solve the problem of high battery costs and improve profit margins, many Chinese car companies have begun to directly enter the...

Mercedes-Benz Recalls More Than 70K Vehicles in China

China’s State Administration for Market Regulation announced on December 16 that Mercedes-Benz (China) Automobile Sales and Beijing Benz Automobile have initiated a recall involving...

CATL and Huawei to Jointly Build High-End EV Brand for Global Market

China’s leading battery firm CATL and Shenzhen-based tech giant Huawei signed a new memorandum of cooperation in Ningde, Fujian Province on December 14. The...

Volkswagen’s Skoda Reportedly Reassessing Future Strategy in China

Czech carmaker Skoda Auto, a subsidiary of Volkswagen, is reportedly considering a withdrawal from China and will make a final decision next year, according...

BYD Frigate 07 Launched in China, Priced From $29K

BYD’s Ocean Series five-seat hybrid SUV “Frigate” model was launched on December 9. The new car comes in six options with five colors, and...

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