Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. [Photo/VCG] Xiaomi has delivered 5,781 units of Xiaomi SU7 since the model was released 28 days ago, announced Lei Jun, founder and CEO of Xiaomi Corp during the 2024 (18th) Beijing International Automotive Exhibition in … Continue reading Xiaomi CEO: 5,781 SU7 delivered in 28 days
Tag: percent
China’s smartphone market grows 6.5% in Q1
Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. [Photo by Wang Gang/For China Daily] China’s smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by … Continue reading China’s smartphone market grows 6.5% in Q1
China’s gold consumption rises 5.94% in Q1
A shopper (right) tries on a gold bracelet at a jewelry shop in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s gold consumption rose 5.94 percent in the first quarter of 2024 from a year earlier, thanks to surging demand for safe havens, China Gold Association said on Friday. Consumption of the precious metal by the world’s … Continue reading China’s gold consumption rises 5.94% in Q1
China oil company sees strong production and profits this quarter
CNOOC booth at an expo held in Shanghai on June 9, 2021. [Photo/VCG] CNOOC Limited achieved strong growth in both net production and net profit during the first quarter of this year, the company said on Thursday. The company recorded a total net production of 180.1 million barrels of oil equivalent, representing an increase of … Continue reading China oil company sees strong production and profits this quarter
China’s smartphone market grows 6.5% in Q1
Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. [Photo by Wang Gang/For China Daily] China’s smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by … Continue reading China’s smartphone market grows 6.5% in Q1
China’s charging pile expertise sought-after in overseas countries
Factory workers at a charging pile manufacturer in Luoyang, Henan province, inspect EV charging piles. [Photo/China Daily] Chinese charging pile companies have advantages in the supply chain, technology innovation and cost, leading to high demand in overseas markets, industry experts said. With emissions regulations tightening, the transition to vehicle electrification is unstoppable worldwide. While new … Continue reading China’s charging pile expertise sought-after in overseas countries
Technology innovation key to steady economic growth
Engineers operate the tunnel boring machine to begin construction of the Suzhou East Tunnel in Suzhou, Jiangsu province. LIU FUCHANG/FOR CHINA DAILY After China’s GDP grew 5.2 percent last year and 5.3 percent year-on-year in the first quarter, it is expected to continue to expand at a relatively high rate over the long run. Endowed … Continue reading Technology innovation key to steady economic growth
VW to grow China sales to 4 million units in 2030
A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. [Photo provided to chinadaily.com.cn] Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker’s “second home market”. The 2030 sales goal, which was announced on … Continue reading VW to grow China sales to 4 million units in 2030
AI blueprint driving ambitious revenue surge for BlueFocus
The BlueFocus’ logo. [Photo provided to chinadaily.com.cn] China’s leading marketing technology company BlueFocus released its annual report for 2023 on Sunday, revealing its AI-driven revenue reached 108 million yuan ($14.9 million), which is projected to increase by 500 million to 1 billion yuan in 2024 and bring extraordinary growth. The company achieved an operating revenue … Continue reading AI blueprint driving ambitious revenue surge for BlueFocus
China’s loan prime rates remain unchanged
This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China’s Jiangsu province. [Photo/Xinhua] BEIJING – China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also … Continue reading China’s loan prime rates remain unchanged