US tech sanctions

Huawei says partner Chery Automobile’s Luxeed S7 premium EV starts mass delivery

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“A large number of Luxeed S7 vehicles have already rolled off the production line and are now being transported for delivery to customers,” said Richard Yu Chengdong, chairman of Huawei’s intelligent automotive solution business unit, in a post on Chinese microblogging platform Weibo. Huawei had said problems delivering the premium brand electric vehicle (EV) should … Read more

TikTok owner ByteDance acquires stake in memory chip firm InnoStar to bolster VR unit Pico as it takes on Apple’s Vision Pro

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Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to data from company registry information provider Qichacha. That investment was made “in hopes of utilising the memory chips produced by InnoStar in Pico’s VR headsets”, … Read more