Xiaomi founder, chairman and chief executive Lei Jun on Wednesday marked the roll-out of the firm’s 100,000th electric vehicle (EV) from the assembly line with a social-media post of himself sleeping on the factory floor, paying homage to what Elon Musk did during the early days of Tesla. In a post published at 7:57am on … Read more
Alibaba Cloud, the digital technology backbone of the e-commerce giant, on Friday announced that collaboration, as it unveiled a large multimodal model (LMM) solution for automotive applications that it co-developed with Nvidia and start-up Banma Network Technology, Alibaba’s intelligent cockpit solution provider, at the Apsara Conference that runs until Saturday. Alibaba owns the South China … Read more
Amid China’s struggles with excess manufacturing of various products, workers at a domestic auto plant are confronted with a tough decision regarding their employment. According to a Tuesday interview with Nikkei, Lisa, a factory worker at the Li Auto Factory and a newlywed bride, stated that over 1,000 employees, including herself, were presented with the … Read more
Gauges of consumer stocks have been the worst performers on the MSCI China Index since the end of September, after the real estate measure. The aggregate market value of companies included in the two consumer indexes has fallen by about US$157 billion since. Consumer stocks have been the worst performers on the MSCI China Index … Read more
