Remove China Remove Feeds Remove Marketing
article thumbnail

BYD surpasses CATL in market value, unveils major EV charging breakthrough

TechNode

On Monday, BYDs market value rose past RMB 1.16 trillion ($160 billion) to overtake that of CATL in mainland China for the first time in seven years, hours before the launch of its newest generation of electric vehicle platform, considered a major breakthrough for EV charging. The Chinese automakers shares rose about 1.2%

Marketing 102
article thumbnail

Porsche China to cut jobs amid reorganization efforts

TechNode

Porsche said Tuesday it is undergoing a major restructuring in China to improve operating expense efficiency and remain agile in a highly competitive industry, following reports that it would cut about 30% of its workforce in the country.

China 97
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Intel apologizes to China for following US sanctions targeting Xinjiang ‘genocide’

The Verge

China accounts for a quarter of Intel’s global revenue. Intel has issued an apology to partners and customers in China after it told local suppliers it would not be using labor or goods sourced from the country’s Xinjiang region. Chinese media said Intel was “biting the hand that feeds it”.

China 90
article thumbnail

Major Audi dealer in China exits brand, switches to Huawei EVs

TechNode

One of the biggest dealers for Audi in China has decided to part ways with the German luxury carmaker and changed course to sell electric vehicles enabled by Huaweis in-car technologies, the latest example of global automakers scaling back in the hotly competitive market. New car sales of Audi in China declined 8.5%

China 87
article thumbnail

BYD to recruit 20,000 factory workers in China as part of Q1 hiring spree

TechNode

Chinas EV giant has been operating its biggest production base in the capital city of central China’s Henan province since April, 2023, with around 60,000 workers. The firm ships vehicles from the plant to overseas markets such as Europe. Reuters , CGTN, TechNode reporting]

China 93
article thumbnail

China launches antitrust investigation of Google, details pending

TechNode

On Tuesday, Chinas State Administration for Market Regulation (SAMR) announced the launch of an investigation of Google for suspected violations of the countrys anti-monopoly laws. Google has not operated in mainland China since March 2010 due to issues related to information censorship. SAMR, in Chinese ]

China 66
article thumbnail

Why you have to pay attention to the public markets this week

TechCrunch

Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. And there is still venture capital money flowing in China despite, you know, all the stuff going on there. Sitting as we are on the precipice of a huge data dump, we had lots to chat through!