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From Billion-Dollar Losses to $8.2 Billion Profits: How AITO Turned Seres' Fortunes Around
Most notably, Seres recorded a net profit of 5.946 billion yuan in 2024, reversing its 24.5 billion yuan loss from 2023. This milestone makes Seres the fourth globally profitable new energy vehicle (NEV) company, following Tesla, BYD, and Li Auto.
zhangxinyu...
· 4月3日
19.6万
Fourth Paradigm Narrows Losses in 2024, Shows Strong Revenue Growth
This marks the fourth consecutive year of loss reduction since 2021.
zhangxinyu...
· 4月2日
16.3万
Chinese Venture Capitalist Calls AI Applications "Shell Wrappers," Urges Startups to Avoid Training Foundational Models
Zhu controversially dismissed AI applications as mere "shell wrappers," emphasizing that true value lies in creating long-term competitive advantages through deep workflow integration, proprietary hardware, intellectual property, and specialized data. He stressed that AI-generated content (AIGC) should focus more on editing and delivery capabilities rather than raw generation.
zhangxinyu...
· 4月2日
16.5万
After Years of Survival, Huawei's 2024 Sales Revenue Surges to Nearly US$120 Billion
Excluding the revenue from the sale of Honor and its server business, Huawei's operating profit surged by 63% compared to the previous year.
zhangxinyu...
· 4月2日
15.1万
RIVAI Launches China's First Fully Self-Developed High-Performance RISC-V Server Chip
RIVAI claims that the Lingyu processor’s computational performance rivals that of major international server chips from Intel and AMD.
zhangxinyu...
· 4月1日
18.4万
Exclusive: Datta Robotics Founder Dismisses Reports of Company Closure
Operational difficulties have also become evident. The company’s Guangzhou Huangpu District branch has shut down, with its premises left vacant and utilities cut off for days.
zhangxinyu...
· 4月1日
18.1万
Xingming AI Completes A+ Financing Round to Accelerate Spatial Intelligence Development
Xingming AI's system-level spatial intelligent chips are the world’s only ones to integrate real-time 3D stereoscopic visual perception, AI, and SLAM (Simultaneous Localization and Mapping) into a single chip.
zhangxinyu...
· 3月31日
16.5万
China to Step up Policy Support for NEV Sector in 2025: Deputy Minister of Commerce
In 2025, the Ministry of Commerce will intensify policy support and adopt multiple measures to promote the development of new energy vehicles.
zhangxinyu...
· 3月31日
16.3万
Two Separate Semiconductor Ecosystems Led by China and the U.S. Respectively May be a Tragedy, Warns Expert
Despite geopolitical pressures, Wei emphasized that no single country or company can achieve complete self-reliance in semiconductor production, underscoring the necessity of global collaboration.
zhangxinyu...
· 3月31日
15.9万
CATL Posts 15% Surge in Net Profits Despite Revenue Decline for 2024
Despite a decrease in revenue, CATL maintained its dominance in the electric vehicle (EV) battery market in 2024 by securing a 37.9% global market share for EV batteries, marking its eighth consecutive year in the top spot.
zhangxinyu...
· 3月31日
15.5万
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