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Xiaomi's Car Factory Currently Testing Robotic Capabilities; Expected to Release Car Chip Soon, Lei Jun Says
On June 3, Lei Jun, founder of Xiaomi, disclosed at the Xiaomi Investor Conference that the latest Xiaomi YU7 could not be priced at the rumored 235,900 yuan, and the official pricing would be confirmed 1-2 days prior. Lei Jun stated that five years ago, Xiaomi started investing in the research and development of robotics, and currently, the automobile factory is testing related capabilities. Xiaomi's automotive chip is under development and is expected to be launched soon.
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Hisense Air Conditioner Business Division Closed-door Meeting Urges "Offensive" Strategy; New President Previously Served as Vice President at Midea Group
Hisense Air Division (in preparation) held a closed-door meeting, during which the Hisense Air Industry team conducted a four-hour closed-door communication with core partners. The Hisense home air conditioners and central air conditioners lineup, including brands such as Hisense, Hitachi, Kelon, York, and Brilliant, was collectively unveiled. The closed-door meeting revealed that all product lines are prepared for "offensive" actions. Based on the timeline, this closed-door meeting may be Yin Bitong's first major move after joining Hisense. Previously, Yin Bitong was...Midea GroupServed as Vice President, and transferred to Hisense on May 19 to serve as the President of the********************** (Hisense Air Conditioning Business Unit). Note: It seems there is a part missing in the original Chinese sentence, specifically "**" which is translated as "being prepared" or "under******," referring to the department being in the preparatory stage. For accurate translation, more context might be needed.
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Honor to Invest Over 70 billion yuan in AI Terminal Ecosystem
During the 2025 Global AI Terminal Exhibition and the 6th Shenzhen International Artificial Intelligence Exhibition, Honor launched its Alpha Strategy for the first time in China, announcing a comprehensive transformation from a smartphone manufacturer to a globally leading AI terminal ecosystem company. The company plans to invest $10 billion (approximately RMB 72 billion) over the next five years to build an AI ecosystem that covers all scenarios. -
Xiaomi 15S Pro Launched: Starts at ¥5,499
At Xiaomi's 15th anniversary strategic new product launch event, the Xiaomi 15S Pro was unveiled, starting at a price of 5499 yuan. It is the first to carry the "Xuanjie O1" 3nm flagship processor. It is reported that the Xiaomi 15S Pro, Xiaomi Tablet 7 Ultra, and Xiaomi Watch S4 all carry Xiaomi's independently developed and designed Xuanjie chips.
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Dongrui New Materials Completes IPO Counseling Filing, "Little Giant" in Functional Polymer Materials Sector Moves Towards Capital Market
Recently, Shanghai Eastray New Materials Co., Ltd. (referred to as "Eastray New Materials") has completed its IPO tutoring filing with the Shanghai branch of the China Securities Regulatory Commission (CSRC). The tutoring institution is Kaiyuan Securities. As a national-level specialized, refined, unique, and innovative "Little Giant" enterprise, Eastray New Materials focuses on the research, production, and sales of functional high polymer hot melt adhesive materials. The company was established in 2010, with a registered capital of RMB 61.91 million. The actual controllers are Mr. Jin Jingdong and Ms. Guan Lu, who are a couple, holding a combined stake of 72.7%. Among them, Mr. Jin Jingdong serves as the chairman and general manager, directly holding 43.6% of the shares, and he possesses rich industry experience; Ms. Guan Lu currently serves as the director of the human resources department.
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Foreign Ministry Responds to U.S. Imposing 245% Tariffs on Chinese Goods
At today's regular press conference of the Ministry of Foreign Affairs, a reporter asked about the latest statement on the White House's official website, which indicated that due to China's retaliatory measures, the U.S. has increased tariffs on China to 245%. In response, Foreign Ministry spokesperson Lin Jian stated that for specific tariff rates, you may ask the U.S. side. China has repeatedly clarified its firm stance on the issue of tariffs. This tariff war was initiated by the U.S., and China has taken necessary countermeasures to safeguard its legitimate rights and interests as well as international fairness and justice, which is completely reasonable and lawful. There are no winners in a tariff war or trade war. China does not wish to fight, but will never shy away from it. -
Deep Kangjia A Reports Over 3 Billion Yuan Loss
April 15th,ShenkangjiaA disclosed its latest financial report, showing that in 2024, the company's operating revenue further decreased to 11.115 billion yuan, a decline of 37.73% compared to 17.849 billion yuan in the same period in 2023; the loss situation remains severe, with a net loss attributable to shareholders reaching 3.296 billion yuan, expanding by 52.31% year-over-year; the net loss after deducting non-recurring gains and losses increased even more to 3.206 billion yuan. -
Home Appliances and Audio-Visual Equipment Retail Sales Reached 100.1 Billion Yuan in March, Up 35.1% Year-on-Year
In March 2025, the data on retail sales of consumer goods were released. The retail sales of household appliances and audio-visual equipment among the retail sales of designated-size units amounted to 100.1 billion yuan, representing a year-on-year increase of 35.1%; from January to March, the retail sales reached 254.2 billion yuan, up by 19.3% year-on-year.
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Xpeng X9 2025 Edition Set to Launch, Pre-Sale Starting at 399,800 RMB
The 2025 Xpeng X9 large seven-seater MPV model will officially go on sale at 19:00 on April 15th. Currently, display vehicles have arrived at 180 stores in 119 cities across the country. The new car offers six colors including Starship Grey, Nebula Purple, and Galaxy Blue, and an optional 20-inch Starry Wheel. It is equipped with dynamic fixed-axis suspension technology, keeping the central logo stationary while driving. The car comes standard with an 800V high-voltage platform, offering two battery options: 105kWh ternary lithium battery and 94.8kWh lithium iron phosphate battery. It also features advanced intelligent driving functions, and front passengers can enjoy "zero-gravity" seat experience. In addition, owners of the previous X9 model can upgrade sound insulation, seats, and AI intelligent driving Little Blue Lights, with specific plans to be announced at the press conference. -
Red Star Macalline Plans to Invest Over 100 Million Yuan Nationwide for Consumer Subsidies
April 14th, Red StarMacallineThe official Weibo account released an open letter stating, "As the 'May Day'******** season approaches, Red Star will..."Macalline A trade deficit of 100 million yuan is used for consumer subsidies. -
Xiaomi's Subsidiary's Corporate Bond Issuance Up to 20 Billion Yuan Approved by Shanghai Stock Exchange
The bond project information platform of the Shanghai Stock Exchange shows that,Xiaomi Communications Technology Co., Ltd.The company plans to publicly issue corporate bonds aimed at professional investors in 2025, with a proposed total issue amount not exceeding 20 billion RMB. The bond********** indicates that the bonds are intended to be issued in tranches, and after deducting issuance and related expenses, the raised funds are intended to be used for repaying the company’s interest-bearing debt, supplementing the company's working capital, project construction investment, or other purposes permitted by laws and regulations. The bond project information platform shows that the status of this small public offering project is "accepted." -
Customs: Exports to over 170 Countries and Regions Grow in Q1
According to customs statistics, in the first quarter, China's export scale exceeded 6 trillion yuan, achieving a rapid growth of 6.9%, demonstrating strong resilience under pressure. Exports to more than 170 countries and regions saw growth. The transformation of Chinese manufacturing towards high-end, intelligent, and green development is gaining strong momentum. The exports of ships and marine engineering equipment, as well as specialized equipment, grew by 10.8% and 16.2% respectively. New energy products continue to play an important role in the global green transition, with exports of wind turbines, lithium batteries, and electric vehicles increasing by 43.2%, 18.8%, and 8.2% respectively.
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Changhong Meiling: Air Conditioning Products Focus on Users, Continuously Iterating and Upgrading Products
On April 9, Chánghóng Měilíng responded to investor questions on the interactive platform, stating that the company's air conditioning products revolve around user needs, continuously upgrading and enhancing the products based on actual usage scenarios. They aim to create a series of "dust-free" and "kitchen-dining room-storage cabinet" as two calling cards. In 2024, new products such as the Q7D "Dust-Free · Free Wind" wall-mounted air conditioner and the Q7V "Ultra Energy-Saving" floor-standing air conditioner will be launched, further meeting user demands in health and comfort aspects.
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