BRIEF: Xiaomi renames smart driving function after fatal accident
Xiaomi Corp. (1810.HK) has changed the smart-driving terminology for its SU7 electric vehicle from “smart driving” to “assisted driving” on the product’s pre-order page, following a fiery fatal accident that…
TikTok in limbo, and Xiaomi’s EV crisis
Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.
VIDEO BRIEF: Baidu accelerates in AI as robotaxi service gains speed
Baidu maintained its quarterly revenue at $4.7 billion and its Apollo Go autonomous driving unit logged over 1.1 million rides in the quarter.
BRIEF: Robosense’sloss narrows sharply on strong revenue gains
Light detection and ranging (LiDAR) technology manufacturer Robosense Technology Co. Ltd. (2498.HK) said on Monday it expects to report its revenue last year rose to between 1.63 billion yuan ($225…
BRIEF: Minieye jumps in Hong Kong trading debut
Shares of smart driving and smart cockpit solutions provider Minieye Technology Co. Ltd. (2431.HK), opened up 9.4% in their Hong Kong trading debut on Friday from their offer price of…
Seyond may get stuck in slow-moving SPAC lane to Hong Kong listing
The maker of autonomous driving LiDAR sensors has agreed to a backdoor-listing deal under a 3-year-old Hong Kong SPAC program that has yet to gain much traction Key Takeaways: Seyond…
BRIEF: Minieye IPO to raise up to $100 million in Hong Kong IPO
Autonomous driving technology company Minieye Technology Co. Ltd. said on Tuesday it plans to sell about 39.2 million shares for between HK$17 and HK$20.20 in its Hong Kong IPO. A…
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