BYD hits 2025 sales peak after discounts
5 days ago · BYD sold 382,476 vehicles in May 2025, its strongest month this year, after discounts of up to 34% drove a surge in demand. Battery EVs outpaced hybrid models for just …
After fatal SU7 crash, Xiaomi vows to rebuild trust and lead on EV …
May 21, 2025 · On May 16, Xiaomi founder and CEO Lei Jun reappeared in public following a high-profile traffic accident involving the company’s SU7 electric vehicle.At a company event, …
Insta360's IPO sets RMB 17 billion valuation
May 30, 2025 · Insta360 launched its IPO today at RMB 47.27 per share, valuing the firm at RMB 17 billion, 20 times its price-to-earnings ratio. From 2022–2024, its revenue rose at a 65.25% …
Li Auto sees stable margins in Q1
May 29, 2025 · Chinese EV maker Li Auto reported Q1 2025 net income of RMB 646.6 million, up 9.4% YoY, as deliveries rose 15.5% to 92,864 units. Total revenue reached RMB 25.9 billion, …
Meituan had a strong Q1, but it may be the calm before the …
May 27, 2025 · Meituan reported a sharp jump in first-quarter earnings, underscoring the resilience of its local services platform even as China’s food delivery industry enters a period …
DeepSeek quietly updates R1 model
May 29, 2025 · DeepSeek has quietly released R1-0528, a revised version of its R1 reasoning model. While update details were not disclosed, benchmarks show the model now leads all …
Chagee boosts Q1 sales, but margins narrow
5 days ago · Chagee’s Q1 2025 revenue rose 35.4% YoY to RMB 3.39 billion, driven by a 63.6% jump in store count to 6,681. Net income grew 13.8% to RMB 677.3 million, though net margin …
Touch-sensitive robots get funding boost
4 days ago · Lumos Robotics has secured nearly RMB 200 million across three angel funding rounds to scale its visuotactile robotics platform. Its LUX series modules, designed for touch …
Leapmotor's May deliveries top 45,000
5 days ago · Leapmotor delivered 45,067 vehicles in May 2025, up 148% YoY. It also launched the 2026 C10 EV model, priced from RMB 122,800, and passed national testing for its …
Douyin consolidates short drama operations
May 30, 2025 · Douyin Group has formed a centralized unit to oversee short drama copyrights and content delivery, merging teams from Douyin and Hongguo under Zhang Chao’s …