Geely targets 600,000 EV sales in 2023

Jan 29, 2023

Chinese automaker Geely is aiming to sell at least 600,000 electrified vehicles in 2023, which would be 83% more than the 328,700 units the company sold last year, Gan Jiayue, chief executive of Geely Automobile Group, said on Saturday. In particular, the Hong Kong-listed carmaker hopes to double sales of its hybrid powertrain vehicles under the Leishen Power portfolio, and battery EVs under the premium Zeekr brand, Gan told employees in an internal memo viewed by media outlet Sina. The co ...read more

China’s 2022 smartphone sales and shipments lowest in a decade

Jan 29, 2023

The top three companies in the Chinese smartphone market last year were Vivo, Apple, and Oppo. Credit: 123RF China saw smartphone sales slump 14% in 2022, marking the fifth consecutive year of decline, according to a Friday report by Hong Kong-headquartered consultancy firm Counterpoint. Why it matters: Chinese smartphone sales reached their lowest level in a decade as consumers delayed replacing their smartphones due to sluggish macroeconomic conditions and Covid-19 containment meas ...read more

US House panel to vote next month on TikTok ban

Jan 29, 2023

The US House Foreign Affairs Committee is set to vote in February on a possible nationwide TikTok ban that, if approved, will be submitted to the House of Representatives for consideration. The plan was proposed by the Committee’s chair Representative Michael McCaul, who said he considered the Chinese-owned short video platform a threat to American national security. A TikTok spokesperson told Bloomberg a total ban would be a “piecemeal approach to national security and a piecemeal app ...read more

CATL prepares to expand production at German plant

Jan 29, 2023

CATL has sent clients its first sample battery cells produced by its new German plant, with plans to build six battery cell production lines at the facility by the end of 2023, regional president Matthias Zentgraf said on Friday. CATL’s first production site on the continent, the 14 gigawatt-hour (GWh) European plant is currently capable of powering up to 350,000 electric vehicles with a 40 kilowatt-hour (kWh) battery pack per year. The Chinese battery giant is looking to expand its annual ...read more

Jilo Virals – What You Need to Know About!

Jan 29, 2023

Do you know the name Jilo Virals or not? This is another of the many free online streaming services. It has been around since 2007 but didn’t take off until 2021, when Spiderman: No Way Home came out. Since then, this system that changed the world has come a long way. Because of this, we are all here today to learn everything there is to know about the jilo virals website. Keep reading to find out what this is. Yes, Jilo Virals is one of the many sites where you can stream and download pirate ...read more


Tesla margins slip amid rising costs and intense competition in China

Jan 29, 2023

Tesla said its Model Y compact SUV will sell for an estimated RMB 444,000 to RMB 535,000 ($64,000 to $77,000) on its China website in January 2020. Credit: Tesla Tesla’s margins slid despite selling a record 405,000 electric vehicles in its fourth quarter, as rising battery costs and an ongoing price reduction campaign continue to pressure the US automaker. And yet, chief executive Elon Musk remains bullish on the company’s prospects and is predicting more than 50% full-year growth ...read more

Week in pictures: 21-27 January 2023

Jan 28, 2023

A selection of powerful news photographs taken around the world this week. Image source, PASCAL ROSSIGNOL/REUTERS Image caption, A woman in costume takes part in the parade of Carnival de Sainte-Rose in Sainte-Rose, Guadeloupe. Image source, ADAM VAUGHAN/EPA-EFE Image caption, Members of historical society The Sealed Knot re-enact the Battle of Nantwich for the 50th time on Mill Island in Nantwich, Cheshire. The battle took place in 1644 between the Roundhead ...read more

Emma Raducanu’s Parents: All You Need To Know About The British Tennis Star’s Family

Jan 28, 2023

Emma Raducanu is a rising British tennis star who has made a name for herself in the world of tennis with her impressive performances on the court. The 18-year-old has been turning heads with her powerful forehand and solid net play, and many call her the next big thing in British tennis. But who are the people behind her success? In this article, we will look closely at Emma Raducanu’s parents and learn more about the family that has supported and nurtured her talent. Parents Background ...read more


Shein seeks $3 billion in new fundraising at a valuation one third lower than last year: report

Jan 28, 2023

Fast-fashion retailer Shein is in talks to raise up to $3 billion in funds at a valuation of $64 billion, down a third from the $100 billion the company was valued at last April, the Financial Times has reported, citing sources familiar with the negotiations. The Singapore-headquartered company is seeking a new round of funding from existing investors including Abu Dhabi sovereign wealth fund Mubadala, Sequoia China, and General Atlantic, all of which participated in Shein’s last funding ...read more

Douyin launches online supermarket service: report

Jan 28, 2023

Douyin Supermarket, a new online supermarket service from TikTok’s sister app in China, recently went live. The entry of ByteDance’s popular video-sharing platform into the online grocery industry will only serve to increase competition in the already hotly contested sector, which features major players such as Tmall, JD, and Meituan. The latter rebranded its group-buying unit in October into a supermarket offering next-day deliveries. After searching for Douyin Supermarket in the Douyin ...read more