Chinese EV Battery Facility Gets 30 GWh Capacity Boost with $1.67 Billion Funding Chinese battery manufacturer CALB has embarked on a major expansion at its Chengdu facility, investing a staggering $1.67 billion to boost its production capacity by an impressive 30 GWh. This substantial investment underscores the growing demand for electric vehicles (EVs) and the […]
Chinese tech firm Honor bets big on AI devices
Chinese Tech Firm Honor Bets Big on AI Devices In the ever-evolving landscape of technology, Chinese tech firm Honor has placed a significant bet on AI devices. This strategic move not only positions the company as a key player in the market but also aligns with a national trend of deeper investment in large language […]
Zhipu AI raises 500 million yuan amid rising competition
Zhipu AI Raises 500 Million Yuan Amid Rising Competition In the ever-evolving landscape of artificial intelligence (AI), companies are constantly striving to stay ahead of the competition and push the boundaries of innovation. One such company making waves in the AI sector is Zhipu AI, which recently secured an impressive 500 million yuan in funding. […]
TikTok prepares to halt operations in the US, The Information reports
TikTok Faces Impending Shutdown in the US Amid Legal Battle and Geopolitical Tensions TikTok, the wildly popular Chinese social media platform, has found itself at the center of a storm as it faces the looming threat of a shutdown in the United States. Recent reports from The Information have shed light on the uncertain future […]