Kuaishou testing Clubhouse-like app

March 05, 2021 CV TECH INC

China's government work report stops mentioning new energy vehicles, but that could be a good thing

March 05, 2021 CV TECH INC

The words “new energy vehicle” disappeared from the government work report delivered on Friday to the delegates of the National People’s Congress as part of the annual “two sessions” for their review and approval.


The term has been mentioned in the previous seven consecutive years of government work reports and was seen as a sign of the importance the Chinese government attaches to the new energy vehicle industry.


This year’s lack of mention has sparked widespread concern, but experts believe there is no need to worry.


Judging from the government work report, the auto industry has entered a period of stable development, and auto consumption is the new focus of policy support, said Cui Dongshu, the secretary-general of the China Passenger Car Association.


As the development of new energy vehicles enters the right track, and it is good that the term “new energy vehicles” is not specifically mentioned, Cui said.


Although the term “new energy vehicles” does not appear, charging piles, battery swap stations, and battery recycling have been included, signaling the government’s determination to get the infrastructure right.


Battery swap stations, the most important label for NIO, started to be mentioned in the government work report last year, and this year is the second year in a row that it was mentioned.


Thanks to government support, several companies laid out battery swapping last year and implemented a program to sell vehicles and batteries separately.


China’s new energy vehicles sold 1.367 million units in 2020, up 10.9% year-on-year, a record high. According to the China Association of Automobile Manufacturers, new energy vehicle sales will exceed 1.8 million units in 2021.


China’s government work report says to steadily increase auto consumption



China's government work report stops mentioning new energy vehicles, but that could be a good thing-CnEVPost


China's government work report stops mentioning new energy vehicles, but that could be a good thing-CnEVPost

Alibaba's DAMO Academy says aiming for major breakthroughs in chips and quantum computing

March 05, 2021 CV TECH INC

Tesla surpasses 6,000 Superchargers in Chinese mainland

March 05, 2021 CV TECH INC

The 6,000th Tesla Supercharger in the Chinese mainland has come online, reaching a new milestone, the company announced today.


Tesla now has 760 Supercharging stations in the mainland, covering more than 300 cities.


On December 31, Tesla opened the world’s largest Supercharging station, the 72-pile Shanghai Jing’an International Center Supercharging station, for operation.


It is located across the Huangpu River from the previously largest Supercharging station in the world, the Dingxiang International Center in Pudong, which serves customers in Pudong and Puxi.


In early 2020, Tesla began a massive Supercharging station construction program in China.


By the end of 2020, Tesla had completed more than 620 Supercharging stations in China, with 5,000 Superchargers and a charging network covering more than 290 cities.


Tesla is also investing in a Supercharger production facility in Shanghai, which opened on Feb. 3 and brought the company’s third-generation Supercharger (V3) off the assembly line. This comes less than six months after the project was launched in August 2020.


With an investment of about 42 million yuan and an area of nearly 5,000 square meters, the factory integrates R&D and production.


It has an initial planned annual capacity of 10,000 Superchargers and is primarily a V3 charging pile, which is Tesla’s most advanced charging pile to date and can replenish up to 250 kilometers of range in 15 minutes of charging.


Tesla China’s move sparks speculation it may support battery swap, a model central to NIO



Tesla surpasses 6,000 Superchargers in Chinese mainland-CnEVPost


Tesla surpasses 6,000 Superchargers in Chinese mainland-CnEVPost


(Source: Tesla)

Tesla upgrades trade-in service in China

March 05, 2021 CV TECH INC

Tesla has upgraded its third-party trade-in service in China, with stores staffed by “third-party appraisers”, with the goal of simplifying the process, improving price transparency, and increasing service standards.


Tesla has adopted a direct store model and cooperated with approved used car dealers to standardize the service of appraisals, quotations, and transactions in order to improve information and price transparency.


Tesla said that it supervises the cooperating merchants to provide sufficiently competitive replacement prices through performance evaluation and other means.


To eliminate user concerns and avoid the risks of used car transactions, the electric car maker selects, trains, and certifies appraisers with standards higher than the industry average, who will provide professional services to users under Tesla’s guidance.


After the upgrade, all Tesla’s stores nationwide will have third-party appraisers, which can provide users with two service modes: in-store appraisal or appraisal at customers’ homes.


From appraisal, quotation, contract signing, to formalities of handing over the vehicle and transferring the vehicle, users do not need to spend too much energy throughout the whole process.


After the transaction, Tesla will invite users to fill out a satisfaction questionnaire to further understand the user’s real experience, but also to play a binding role on third-party businesses.


Tesla’s upgraded trade-in service can also provide a “seamless transition between old and new vehicles”.


Once a customer has reserved a Tesla vehicle and reached an agreement with an appraiser, he or she can hand over the old vehicle and completed related procedures to the third-party appraiser at the delivery center when picking up the new vehicle.


The third-party appraiser will help the user complete the transfer of the used car within the validity period of the temporary license.


Tesla China’s move sparks speculation it may support battery swap, a model central to NIO



Tesla upgrades trade-in service in China-CnEVPost


Tesla upgrades trade-in service in China-CnEVPost


(Source: Tesla)

Tencent launches its biggest recruitment ever

March 05, 2021 CV TECH INC

Chinese social media and gaming giant Tencent has launched its largest internship recruitment ever, hiring more than 8,000 college students graduating in 2022.


The internship recruitment covers multiple cities including Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu.


The recruitment includes popular positions in five categories: technology, product, design, marketing, and functional, with the fields covering AI, cloud computing, robotics, and the internet industry.


This year’s recruitment also added technical consulting, industry consulting, and post-investment management consulting positions.


The class of 2022 graduates is the first wave of millennials that leaves college and join the workforce.


According to Tencent’s Q3 2020 earnings report, total revenue for the quarter was RMB 125.447 billion ($1.93 billion), up 29 percent year-on-year. Net profit was RMB38.542 billion yuan, up 89 percent year-on-year.


The results also showed that Tencent had 77,592 employees at the end of the third quarter, up 16,732 from a year earlier, with total compensation costs of RMB 17.7 billion yuan for the quarter.


According to this rough estimate, the average monthly salary per employee at Tencent was RMB 76,000 yuan, equivalent to an annual salary of RMB 912,000 yuan.


Tencent unveils Max, its first in-house developed quadruped robot



Tencent launches its biggest recruitment ever-CnTechPost


Tencent launches its biggest recruitment ever-CnTechPost


(Source: Tencent)

China's estimated auto sales in February fell 42 percent from January, association data show

March 05, 2021 CV TECH INC

China’s auto sales estimate for February stood at 1.452 million units, down 42 percent from January, the China Association of Automobile Manufacturers said Friday.


However, the figure is up 370% compared with the same period last year.


In terms of different vehicle models, passenger car sales in February rose 370 percent year-on-year, while commercial vehicle sales rose 220%.


From January to February, cumulative sales in China’s auto industry are estimated to stand at 3.955 million units, up 76.8 percent year-on-year. Among them, passenger car sales increased 69.4% year-on-year, and commercial vehicle sales increased 80% year-on-year, the data showed.


Previous data released by car companies including NIO, XPeng Motors, Li Auto, and BYD showed that their February sales declined significantly compared to January.


This is mainly because the Chinese auto market is traditionally slow from January to February, and the Chinese New Year holiday during this period can cause large fluctuations in deliveries.


Last year, the Chinese New Year holiday ran from Jan. 24 to Jan. 31, and this year it runs from Feb. 11 to Feb. 17.


Essence Securities said in a report released today that BYD’s February sales decline was due to the Chinese Lunar New Year holiday, which caused a significant drop in production and sales.


Many people didn’t return to their hometowns for the Chinese New Year in 2021 due to the Covid-19 prevention and control requirements, so there will be no “car buying wave” before the Chinese New Year, Essence Securities said.


Analysts explain why BYD NEV sales drop sharply in February



China's estimated auto sales in February fell 42 percent from January, association data show-CnEVPost


China's estimated auto sales in February fell 42 percent from January, association data show-CnEVPost


(Source: Unsplash)