Author: Zicheng
Interpretation of TO news
Xiaomi fired three employees who leaked secrets
In November and December 2023, three former employees of the Xiaomi Automobile Department participated in the so-called "Xiaomi Auto Seminar" organized by external securities firms and investment institutions without permission for the purpose of charging "consulting fees" during their employment, fabricating and disseminating a large number of errors and false information, seriously misleading the market and disrupting the normal business development of Xiaomi Auto.
The above three employees, namely Yu Moumou (former employee of the electronic control system and software team), Shi Moumou (former employee of the casting process team), and Zhang Moumou (former employee of the mass production quality team), seriously violated the "Code of Conduct for Employees of Xiaomi Group" and the confidentiality obligations stipulated by the company.
Interpretation: Recently, Xiaomi cars have been dynamic. Lei Jun said in an interview with CCTV that 3,400 engineers were invested in the first car of Xiaomi Automobile, and the research and development cost exceeded 10 billion yuan, which is "more than ten times the investment".
It can be seen that Lei Jun has very high expectations for the first Xiaomi car, and has also invested extremely high costs and efforts to match. Of course, he will never allow anyone inside or outside the company to maliciously leak secrets or confuse the public before the press conference.
Previously, Yu Chengdong, Executive Director of Huawei, CEO of Device BG, and Chairman of Intelligent Vehicle Solution BU, spoke at the 2023 Huawei Pollen Annual Conference: "I don't respect our (Huawei's) intellectual property rights. The double-rotating droplet hinge directly becomes the keel hinge, and the keel does not exist. ”
Soon, a spokesperson for Xiaomi issued a statement through Weibo, saying that Mr. Yu Chengdong made untrue remarks about our company's "keel shaft" technology, which was seriously inconsistent with the facts. Please follow the basic rules of "science and rigor", and do not smear his peers and mislead the public.
But whether it is Xiaomi's cleaning up the portal, Lei Jun's interview with CCTV, or a high-profile response to Yu Chengdong's remarks.
There are all kinds of signs that Xiaomi has recently consciously or unintentionally built momentum for the Xiaomi car conference in advance.
Recently, a blogger revealed on social platforms that Xiaomi has "finalized" the Xiaomi car debut conference in Beijing on the 28th, and the pre-sale price of the new car will be announced at that time. At the same time, Lei Jun, founder, chairman and CEO of Xiaomi, will give a speech in person.
Coincidentally, Huawei has just announced that it will hold the Wenjie M9 and Huawei's winter all-scene new product launch conference on December 26, when it will officially release the Wenjie M9 flagship SUV.
Xiaomi and Huawei are competitors, and each has a high-profile @ each other in public. Perhaps, both sides hope to build momentum for their new product launches in advance through this high-profile, but dignified, friendly "response" method. One is to attract the attention of target users, and the other is to save some public relations costs for the marketing department by the way.
In addition, although the two of them have a competitive relationship, it is more important to jointly expand the overall market of electric vehicles. Only by achieving each other can we seek a broader future for ourselves.
Li Bin responded that he is no longer the largest shareholder of NIO: he still has the largest voting rights
On December 18, NIO announced that it had received a strategic investment of about US$2.2 billion from Abu Dhabi investment institutions, and some reports said that Li Bin, the founder, chairman and CEO of NIO, is no longer a major shareholder.
In response, Li Bin said, "I haven't done enough of these media homework", first, he transferred 50 million shares to the user trust when he was listed, and now the equity table has not been reduced, which means that he is not the largest shareholder in the economic sense;
Interpretation: This is also the second time that NIO has received investment from the same institution in the past five months.
On June 20, NIO announced that it had signed a share subscription agreement with CYVN Holdings, an Abu Dhabi investment institution. Under the terms of the agreement, CYVN Holdings will make a strategic investment of approximately US$1.1 billion in NIO through a private placement of new shares and the transfer of existing shares. On July 12, NIO announced the completion of a $738.5 million strategic equity investment from CYVN Holdings.
On December 4, NIO announced its financial report for the third quarter of 2023, showing that during the reporting period, NIO achieved an operating income of 19.067 billion yuan and a net loss of 4.629 billion yuan, and as of September 30, 2023, NIO held cash and cash equivalents of 45.2 billion yuan, an increase of 13.7 billion yuan from the second quarter. Judging from the financial report released by Weilai, although the revenue has achieved positive growth for 14 consecutive quarters, the loss is also huge, with a cumulative loss of 15.554 billion yuan in the first three quarters.
Reducing unnecessary expenses and continuing to raise funds are the two paths that NIO has chosen.
On December 5, NIO and JAC jointly announced that NIO Automotive Technology (Anhui) Co., Ltd. acquired the inventory, fixed assets and construction in progress of the third plant of JAC Passenger Car Company, as well as the structures and equipment of the Xinqiao plant of the passenger car company, for 3.158 billion yuan.
According to the public information of the Ministry of Industry and Information Technology, all models of Weilai have been rebranded, the tail of the car has been changed from the previous "JAC" to "Weilai", and the name of the manufacturer has also been changed from the previous "Anhui Jianghuai Automobile Group Co., Ltd." to "Weilai Automobile Technology (Anhui) Co., Ltd.", which means that Weilai has achieved independent production and no longer relies on JAC to achieve mass production and sales.
On November 3, Li Bin issued an internal letter to all employees, mentioning that NIO will carry out adjustments involving the direction of organizational and resource investment, including reducing about 10% of redundant personnel and organizational settings. For this reason, Li Bin admitted frankly on the third quarterly report call that NIO paid hundreds of millions of yuan for this.
So far, NIO has released and delivered a total of five new vehicles, and NIO has set a sales target of 250,000 units, which is also the target set by NIO to achieve breakeven. However, NIO delivered a total of 142026 vehicles in the first 11 months, which is far from achieving the annual sales target.
At present, NIO is still increasing R&D investment and infrastructure construction to raise the moat. Of course, in the case of failed to achieve a big explosion in sales, NIO put forward higher requirements for cash flow, which is also the biggest reason for its frequent financing.
However, since the end of November, NIO has begun to cooperate with other automakers to explore the battery swap business, including Changan Automobile and Geely Automobile, which have signed agreements with NIO, and more car companies will join in the future, which may reverse the development pressure of NIO in the battery swap business.
Thailand's Luckin sued China's Luckin and claimed 10 billion
@中国侨网 Citing Thai headlines, a number of Thai media reported that on the morning of the 19th, the Thai Royal 50R Group (hereinafter referred to as Thailand 50R) formally submitted a lawsuit to the court, asking the court to sentence China Luckin Coffee to compensate for economic losses of 10 billion baht, which has been accepted by the court.
@luckincoffee Luckin Coffee reposted the relevant news on December 20 and responded that the situation has yet to be verified about the claim of 10 billion baht by Thailand's fake Luckin.
Interpretation: Recently, the Central Court of Intellectual Property and International Trade of Thailand announced the final trial of the case of China Luckin Coffee Company suing Thailand's 50R Group for trademark copyright infringement, and said that China Luckin Coffee lost the lawsuit.
In Thailand's 50R's view, before the court made a final judgment, China Luckin had repeatedly forced the plaintiff to stop using the trademark, and repeatedly forcibly seized the other party's property, causing it to suffer serious economic losses. 50R Group also spent a lot of money to fight the lawsuit, and asked the court to award a total of 10 billion baht (about 2 billion yuan) in compensation to China Luckin Coffee.
Things have to start from the beginning of 2022, when some Chinese netizens found the "Thai Luckin" store when they were traveling in Thailand, mistakenly thought that Luckin Coffee checked in and took photos and posted it on social media.
In August 2022, Luckin Coffee officially issued a statement: Luckin Coffee has not opened a store in Thailand, and the Luckin store in Thailand is a counterfeit store, and the relevant departments of Luckin have adopted legal means to protect their rights!
Judging from the photos in the statement, the fawn in the Thai Luckin logo is looking to the left, which is the opposite of the one in the Luckin logo. In addition, Luckin Thailand reversed the overall color of the logo and added a line of Thai.
In fact, Thailand's 50R can be described as having a "long history" in terms of squatting, such as TikTok, Shell, Lianjia, Chow Tai Fook, Nongfu Spring and other trademarks, all of which have been "pocketed" by it in Thailand.
Relevant legal experts told reporters that the main reason for the defeat of China Luckin is that the Thai version of Luckin was the first to register and apply for it locally. Thailand 50R registered the brand trademark of Luckin Coffee in Thailand in 2018 and has opened stores in the past two years.
"Because there is no trademark cooperation agreement between China and Thailand, according to Article 63 of the Thai Trademark Law, if the Thai version of Luckin is the first to register the trademark with the Thai Trademark Office, then it has the right to engage in business in this field in Thailand, which is why Luckin lost the lawsuit. ”
The lawyer suggested that China Luckin may negotiate privately with the other party to obtain the ownership of the trademark through purchase.
Industry insiders pointed out that the strength of trademark protection varies from country to country, and trademark squatting is more common in the Southeast Asian market, and Luckin will face challenges in protecting its rights. Xu Hao, a lawyer at Jingshi Law Firm, said in an interview with reporters that it is not new for Chinese brands to encounter this problem.
"This is a problem of intellectual property awareness, and companies may not want to be as big as they want to be in the early stage of growth, or they may not think about whether to be a local brand or a global brand, and it is too late to do it later."
TO Characters/Perspectives
Wu Yongming, CEO of Alibaba Group, is also the CEO of Taotian Group
On December 20, Alibaba announced that Wu Yongming, CEO of Alibaba Group and chairman of Taotian Group, is also the CEO of Taotian Group.
From then on, Wu Yongming will serve as the CEO of Alibaba Group, Taotian Group and Alibaba Cloud Intelligence Group.
Alibaba said that this will help lead Taotian's transformation with technological innovation, ensure that the group focuses on core strategic e-commerce and cloud, and forms a unified command and high-intensity continuous investment.
On the same day, Chairman of the Board of Directors of Alibaba Group, Joe Tsai, announced the appointment through a letter from all employees. In his letter, he wrote, "A new era requires a new strategic and organizational change. Face up to the past, face the future, change yourself, and believe that Alibaba, which has undergone this round of change, will complete its transformation. ”
Li Guoqing said that Dong Mingzhu dropped the price
Recently, Dong Mingzhu angrily reprimanded Meng Yutong, causing heated discussions. Li Guoqing posted a video saying that Dong Mingzhu dropped the price in the treatment of Meng Yutong. As a fresh graduate, Meng Yutong wants to partner with Dong Mingzhu to become an Internet celebrity, and it is normal to do a second career to generate income, without harming the interests of Gree Company, without bringing goods to competing products, and without using Gree's position to partner with dealers.
Meng Yutong, as the successor selected by Dong Mingzhu that year, is now criticized verbally and penally, and he is persuaded to retire in violation of the system, and now he is directly expelled and advised Dong Mingzhu to save face and leave room for young people.
Li Jiaqi donated 5 million yuan to the China Charity Federation to help the earthquake-stricken areas in Gansu
At 23:59 on December 18, a 6.2-magnitude earthquake occurred in Jishishan County, Linxia Prefecture, Gansu Province.
When one side is in trouble, all sides support. In the face of sudden disasters, all sectors of society responded positively. On the morning of December 19, e-commerce anchor Li Jiaqi donated 5 million yuan to the China Charity Federation for special rescue in the earthquake area, actively responding to the emergency rescue in Gansu and Qinghai and other disaster-stricken areas, the livelihood guarantee of the affected people, the procurement of transitional resettlement materials, and post-disaster recovery and reconstruction.
Li Jiaqi said that he will continue to pay attention to the disaster relief situation and follow-up progress in the affected areas, and provide help and services to the people in the disaster areas within his ability, and is willing to make a modest contribution to the post-disaster reconstruction of the affected people and the early restoration of normal life order.
Gaotu CEO responded that the number of online users fell by more than 9 percent: real masters must have a normal heart
Recently, Gaotu CEO Chen Xiangdong responded in the live broadcast that the number of online people in the live broadcast room of Gaotu Jiapin dropped from 100,000 to 4,000. Chen Xiangdong said that using the level of data to prove whether it is successful or not is easy to create a false impression.
When the tide recedes, we must do what we have done before, and the real master must have a normal heart, do not have a bad mood because of the evaluation of others, and do not get carried away by the praise of others, we must become the best version of ourselves.
Musk: The Cybertruck can be used as a ship to cross at least 100 meters of water
Musk posted on X that the Tesla Cybertruck electric pickup truck can be used as a boat. Musk was responding to a video interview between Lars Moravy, Tesla's vice president of vehicle engineering, and Jay Leno, a car collector. Moravy says the Cybertruck is pretty much floating, and if you're creative, you can figure out how to plug an outboard motor into your socket, turn it on from the screen, and use it as a boat.
Musk responded: "We will provide a mod package that will enable the Cybertruck to cross at least 100 meters of water like a boat." Most only need to upgrade the door seals. ”
Ding Benxi, director of Wanda Hotel Development, lost contact?
Regarding the rumors on the Internet that Ding Benxi, the director of Wanda Hotel Development, was out of contact, the reporter exclusively learned from people familiar with the matter that Wanda Hotel Development changed its directors this time because Ding Benxi would replace the directors normally after his retirement.
According to previous network news, Ding Benxi has fully retired from Wanda in January 2020 and has long since stopped participating in the company's affairs. The announcement pointed out that the failure to contact him should be caused by objective reasons such as the change of personal information, and there was no speculation on the Internet.
Xin Lijun resigned as chairman of the board of directors of Dada Group
Dada Group announced on December 19 that Xin Lijun will resign as chairman of the board of directors and a member of the nomination and corporate governance committee of the board of directors for personal reasons, effective December 19, 2023.
The Board of Directors of the Company has appointed Ian Su Shan to succeed Xin Lijun as Chairman of the Board and a member of the Nomination Committee, effective from the latter's resignation. Chan Siu Ming has also informed the Board of Directors of his resignation as the Company's Chief Financial Officer for personal reasons, effective 19 December 2023, and the Board has appointed Henry Jun Mao as the Company's Chief Financial Officer.
TO data speaks
Agency: Global smartphone shipments in the third quarter were 294.6 million units, down 1% year-on-year
According to the latest report from market research agency Canalys, the global smartphone market fell by 1% in the third quarter of 2023, with shipments of 294.6 million units. Samsung topped the list, shipping 58.6 million units and a 20% market share. Driven by demand for new iPhone 15 products, Apple followed with 50 million units shipped and a 17% market share. Xiaomi ranked third, with 41.5 million units shipped. OPPO (including OnePlus) came in fourth, with 26.4 million units shipped and a 9% market share. Transsion (which includes Tecno, Infinix and iTel) continued to hold on to fifth place, with 26 million units shipped.
Reducing holdings of U.S. bonds for seven consecutive months, China's holdings continued to hit a new low since 2009
According to the U.S. Treasury Department's October International Capital Flows Report (TIC) released on December 19, China's holdings of U.S. bonds in October were US$769.6 billion, a decrease of US$8.5 billion from September. China has sold off U.S. bonds for seven consecutive months, and its total holdings hit a 14-year low since May 2009 for five consecutive months, approaching the level of $776.4 billion at that time.
According to the report, Japan's U.S. Treasury holdings in October were $1.0982 trillion, an increase of $11.8 billion from September, rebounding after a three-month streak of holdings in September, and the fourth month of increase in the last five months.
As previously reported, China's U.S. bond holdings have been below $1 trillion since April last year. As of February this year, China has reduced its holdings of U.S. bonds for seven consecutive months, hitting a new low in more than 12 years for seven consecutive months, and after increasing its holdings in March, it hit a new low since May 2010 in May, and from May to September, it has reduced its holdings by more than $10 billion per month. As of October, China's holdings of U.S. Treasury bonds fell by $97.5 billion, or 11.2%, from December, and only increased their holdings in March in 10 months.
Among the top ten U.S. bond holding countries and regions announced by TIC, including Chinese mainland, a total of four reductions were reduced in October, Belgium in seventh place reduced its holdings by $31.6 billion, Luxembourg in fourth place reduced its holdings by $28.2 billion, Switzerland in ninth place reduced its holdings by $4.4 billion, and among the six countries and regions that increased their holdings, the United Kingdom and Japan both increased their holdings by more than $20 billion, and the others increased their holdings by less than $10 billion.
According to Wall Street News, some analysts previously believed that China's sell-off of U.S. bonds may be aimed at supporting the yuan. There are also comments that China's holdings of U.S. bonds appear to be decreasing, but in fact it has shifted from its holdings of U.S. Treasuries to higher-yielding U.S. agency bonds.
According to public data, the three major U.S. stock indexes fell for three consecutive months in October, and U.S. bond prices continued to fall, with the yield on the benchmark 10-year U.S. Treasury bond rising by about 36 basis points for six consecutive months, reflecting the market's expectation that the Federal Reserve will keep interest rates high for longer.
Agency: Global passenger car BEV sales in the third quarter increased by 29% year-on-year
On December 18, local time, market research agency Counterpoint Research released the latest report pointing out that global passenger car pure electric vehicle (BEV) sales in the third quarter of 2023 increased by 29% year-on-year. Tesla, BYD Auto, and Volkswagen are the best-selling BEV groups. BYD Auto (excluding Denza) has caught up with Tesla, with both now accounting for 17% of the market. The agency expects global BEV sales to reach nearly 10 million this year.
TO Corporation's movements
Private enterprises supported Gansu earthquake relief, and clothing, catering, Internet and other enterprises donated money and materials
At 23:59 on the 18th, a 6.2-magnitude earthquake occurred in Jishishan County, Linxia Prefecture, Gansu Province, killing many people.
At the same time that the local government organized the earthquake relief as soon as possible, private enterprises participated in the donation of materials and materials, such as New Oriental, Anta, Li Ning, Xtep, Hongxing Erke, Nongfu Spring, Alibaba, Pinduoduo, JD.com, OPPO, vivo and other enterprises donated money and materials through the foundation, or organized material delivery and participated in disaster relief in the form of enterprises.
It is rumored that Douyin is negotiating the acquisition of Ele.me The relevant person in charge of Douyin: There is no such plan
On the afternoon of December 19, it was reported that Douyin is currently negotiating with Ali to acquire Ele.me. According to rumors, "At present, it has reached the stage of price negotiation, and if the negotiation goes well, it is expected to be implemented after spring." "There is also news that the purchase price is about more than $7 billion. In this regard, Douyin insiders said that according to the information they obtained, Douyin has no plans to acquire Ele.me.
BESTORE responded that snacks were very busy and received capital injection: it will insist on litigation to protect its rights
On December 18, Yanjin Shop Holdings and Haoxiangyou injected capital into the snack company Snack Very Busy Group, which caused heated discussions in the industry. On December 19, in response to this matter, BESTORE, a snack food company, responded that the investment amount exceeded 1.05 billion yuan, which seemed "incredible" from the perspective of the regular process of related matters, and would insist on litigation to protect rights.
Customer service responds to how to use the iPhone earthquake warning function
At 23:59 on December 18, a 6.2-magnitude earthquake occurred in Jishishan County, Linxia Prefecture, Gansu Province. Some netizens complained that there was no earthquake warning on the iPhone, while domestic mobile phones had an early warning, which caused heated discussions.
Apple's customer service responded that the iPhone does have an earthquake warning function, but at present, this function is only available in countries and regions with frequent earthquakes, such as Japan and Haiti. In China, if you want to achieve this function, you need to use a third-party earthquake warning app and download it from the app store.
Evergrande Real Estate was forced to hold on to 960 million yuan again due to financial loan disputes
According to the Qichacha APP, on December 18, Evergrande Real Estate Group Co., Ltd. was forced to enforce about 960 million yuan, the enforcement court was the Intermediate People's Court of Wenzhou City, Zhejiang Province, and the related judicial case was a financial loan contract dispute between Wenzhou Branch of China Minsheng Bank Co., Ltd. and Shanghai Yingjun Investment Management Co., Ltd. and Evergrande Real Estate Group Co., Ltd.
At present, the total amount of execution of the company exceeds 50 billion yuan, and there are hundreds of information restricting high consumption and dishonest judgment debtors.
Kuaishou Music has reached cooperation with more than 1,000 copyright companies
At the 2023 Kuaishou Music Ecology Conference, Huang Mimi, vice president of operations of Kuaishou Technology and head of Kuaishou Author and Content Ecology Business Department, said that the short video live broadcast platform represented by Kuaishou is becoming more and more closely connected with the music industry.
Up to now, Kuaishou has cooperated with more than 1,000 copyright companies, accumulated tens of millions of songs in the music library, and played more than 100 billion online activities. As Kuaishou's music atmosphere becomes stronger, the potential and motivation of music consumption are also becoming more prominent.
"How many hours of queuing at minus 20 °C"? Harbin Ice and Snow World apologized: deep reflection and rectification overnight
Harbin Ice and Snow World said that in order to ensure the tour experience of tourists, Harbin Ice and Snow World will improve the service quality of the scenic spot. From now on, the entertainment projects in the park will adopt on-site queuing and delayed service methods, set up queuing information prompts, and remind the amusement items at different times and segments to meet the experience needs of tourists.
The park will increase security, reception, and volunteer service personnel, enrich the service force at the points with high tourist flow, and provide tourists with warm-hearted services such as maintaining order, inquiring and guides. Increase the complaint acceptance service desk and customer service staff, set up a complaint service hotline 400-639-1999, accept and solve the demands of tourists offline and online, and sincerely accept the supervision of the majority of tourists.
A well-known supermarket reported late at night: employees were suspected of embezzling 220 million public funds and fled abroad
According to the website of the Shenzhen Stock Exchange, in the early morning of December 20, the well-known supermarket chain giant Zhongbai Group issued an announcement showing that the financial personnel of its subsidiary Zhongbai Warehouse Supermarket Co., Ltd. were suspected of embezzlement of funds, and the preliminary estimate of the amount of embezzled funds was about 219 million yuan.
According to the announcement, on July 22, 2023, Zhongbai Warehouse Supermarket found that its financial officer Shao Moumou was suspected of embezzling funds in his position, and immediately reported the case to the public security organs. Because the criminal suspect fled abroad, in order to ensure that the source of information continued to fall, the case filing and investigation were all carried out secretly.
On October 13, 2023, the public security organs arrested all the relevant criminal suspects who fled abroad. According to the preliminary review, Shao found and used the loopholes in the supplier settlement system to maliciously embezzle the company's huge funds through concealed means such as false check-off acceptance documents, forged approvers' signatures, and false suppliers in view of the particularity of the procurement and settlement of fresh non-standard products. The case is under further investigation and recovery of stolen goods.
TikTok e-commerce will target a GMV of $50 billion next year, and Southeast Asia will go hand in hand with the United States
The reporter learned that TikTok e-commerce has set a GMV target of $50 billion for 2024, which has more than doubled compared to the target figure of $20 billion this year. In addition, it is understood that the GMV of TikTok e-commerce in Southeast Asia has exceeded 13 billion US dollars, of which Indonesia has exceeded 4 billion US dollars and the Thai market has exceeded 3.5 billion US dollars.
TikTok Shop's single-day sales in the United States in May were more than $300,000, which increased to more than $5 million a day in August, and soared to $10 million in October, according to FastMoss data, during the "Black Friday" promotion, the single-day GMV on November 24 exceeded $33 million.
Huawei's HarmonyOS NEXT system is ready to go More than 400 partners have launched HarmonyOS native application development
At the 2023 Open Source Industry Ecosystem Conference, Gong Ti, President of Huawei's Device BG Software Dept, said that there are currently more than 6,200 co-builders of the open source HarmonyOS community, 51 co-builders, and 43 distributions have passed compatibility evaluations, covering finance, education, transportation, government affairs, ultra-high-definition and other fields. At present, the HarmonyOS NEXT system is ready to launch, and more than 400 partners have fully launched the development of HarmonyOS native applications.
Fliggy: New Year's Day holiday travel bookings increased nearly 4 times year-on-year
With less than two weeks to go until New Year's Day 2024, the peak holiday booking period has arrived. According to the "2024 New Year's Day Holiday Travel Vane" released by Fliggy on the 19th, as of December 18, the number of New Year's Day holiday travel bookings increased by nearly 4 times year-on-year, with Shanghai, Beijing, Hangzhou, Guangzhou, Chengdu, Harbin, Shenzhen, Chongqing, Nanjing, Changsha and other popular destinations for New Year's Day holiday travel.
Recently, some outbound travel destinations have introduced visa facilitation policies, and Fliggy believes that outbound travel is expected to usher in a good start to 2024 during the New Year's Day holiday. Up to now, the number of outbound travel bookings for the New Year's Day holiday on Fliggy's platform has increased nearly 10 times year-on-year.
Germany ended its electric vehicle subsidy program ahead of schedule, and Tesla announced that it would pay for the subsidy out of its own pocket
The German government said on Saturday that it would terminate early on Monday the electric vehicle subsidy program, which was due to expire at the end of the year, due to a budget crisis. "In order to continue to support the transition to sustainable energy, Tesla will compensate the German government for the termination of the EV subsidy for new Model 3/Y orders (starting December 18 for vehicles delivered by December 31)," Tesla responded on Monday through its official account on the X platform.
We will also maintain the manufacturer's share of the subsidy of 2,250 euros. "Germany's subsidy for electric vehicles is up to 6,750 euros, of which 2,250 euros is borne by car manufacturers.
Midea Group: Midea's new refrigerator and washing machine base in Egypt is expected to be officially put into operation in the second half of 2025
Midea Group said in a recent survey with investors that internationalization and global operation are the company's long-term strategic goals, and the company has established joint venture manufacturing bases in many countries around the world, including a production base in Egypt.
On the morning of November 30, Egypt time, Midea's new base for refrigerators and washing machines in Egypt was officially laid, which is also the third manufacturing base of Midea in Egypt. The base covers an area of 222,000 square meters, with a total investment of 830 million yuan, and is expected to be officially put into operation in the second half of 2025.
The postdoctoral workstation of the DAMO Academy was inaugurated, and 100 postdoctoral fellows will be trained in the next three years
The postdoctoral research workstation of Alibaba DAMO Academy (Lakeside Laboratory) was officially inaugurated, and the opening meeting of the first batch of postdoctoral fellows was held. According to reports, the postdoctoral research workstation approved by the Zhejiang Provincial Department of Human Resources and Social Security and the Zhejiang Provincial Postdoctoral Work Office, will give full play to the advantages of the Damo Institute in the fields of artificial intelligence, integrated circuits, etc., to challenge more "hard topics", and will train more than 100 postdoctoral researchers in the next 3 years, and each postdoctoral fellow will receive more than 1 million yuan in Hangzhou talent subsidies within 5 years of entering the station.
BMW responds to the abandonment of the internal combustion engine: complete nonsense
Is the era of gasoline-powered engines coming to an end? In the face of recent speculation, BMW has categorically denied it, with Frank Weber, the company's head of research and development, dismissing the idea that the company is about to abandon the internal combustion engine as "complete nonsense." Previously, sources said that BMW will no longer participate in the research and development of combustion engines in view of the increased investment in electric drivetrains by competitors.
Apple is exploring updating the system to resolve the Apple Watch dispute
Due to a patent dispute, Apple stopped selling the Apple Watch in the United States. If the dispute with Masimo over the blood sample testing feature is not resolved, Apple will face the possibility of discontinuing the Apple Watch Ultra 2 and Apple Watch Series 9 after 3 p.m. ET on December 21. According to the latest news, Apple is exploring several solutions, one of which is to try to circumvent Masimo's patents through a software update for the Apple Watch OS 10 system.
The latest reports confirm that Apple engineers are "rapidly revising the algorithm for monitoring users' blood oxygen levels" in the hope of changing the way the Apple Watch "measures oxygen saturation and presents the data to the user." According to the report, this is "an unprecedented high-risk project". Masimo, for its part, claims that the patent infringement mainly involves the hardware level of the Apple Watch blood oxygen sensor.
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