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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
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China's export restrictions on critical semiconductor materials shake global markets

TechSpot

China imposed stringent export controls on two critical semiconductor materials, germanium and gallium, in 2023, a move that has since rippled through global markets.

China 144
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Tesla Competitor Reveals Electric Car That Can Charge in Five Minutes

Futurism

Since announcing the Han L, BYD's market value has skyrocketed. Tesla's stock, meanwhile, crashed by 4 percent just on premarket trading alone, thanks to tumbling sales in China , Cybertruck quality issues , and the BYD charging race. Despite tariffs and trade war escalations, China's global slice of the EV pie is steadily growing.

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Xiaomi’s first smart home appliance factory plans year-end production to crack China’s air-conditioner market

TechNode

China Construction Third Engineering Bureau, a state-owned construction contractor, recently announced the project’s main structure was capped in just 80 days. Last year, air-conditioner shipments in China reached around 102 million units, reflecting a 5.86% year-on-year growth, the Baidu data suggested.

Product 85
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Meta blocks whistleblower from promoting book, guaranteeing way more people will read it

Mashable Tech

This week it was reported that Wynn-Williams also filed a whistleblower complaint to the Securities and Exchange Commission (SEC) in April, alleging that Facebook (now Meta) misled investors about its efforts to enter China. Specifically, Meta alleges that Wynn-Williams violated the non-disparagement agreement she signed as an employee.

People 140
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RTX 5090 cards selling for $5,000 on China's black market as DeepSeek AI models drive demand

TechSpot

As reported by The Information (paywalled article), the situation has led to demand for the China-specific RTX 5090D reaching a point where the cards are being sold on the black market. DeepSeek's industry-disrupting R1 models can efficiently run on consumer GPUs, rather than expensive AI accelerators such as the H20.

China 104
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Xiaomi brought its SU7 Ultra supercar to Barcelona and we have pics

Mashable Tech

In China, it starts at 529,900 RMB ($72,750), which sounds very, very reasonable for a car like this. As for availability, the car is now available in China; we're not sure when it'll become available in other markets. Perhaps the most notable aspect of the Xiaomi SU7 Ultra is the price.

China 131