Yum China, the company behind chains such as KFC and Pizza Hut, introduced an artificial intelligence (AI) agent for store managers on Friday, aligning with the restaurant industry’s broader push towards AI adoption to enhance efficiency. The assistant, named Q-Smart, was an AI-powered management system that enabled natural language interactions with store managers through wireless…
The Hang Seng Index gained 0.7 per cent to 24,329.11 at 10.56am local time, while the Hang Seng Tech Index advanced 0.5 per cent. On the mainland, the CSI 300 Index strengthened 0.6 per cent and the Shanghai Composite Index added 0.4 per cent. BYD gained 1.2 per cent to HK$137.20 after it joined other…
At the busiest station along the highway, the number of services in a single day reached 150. Compared to the same holiday last year, there was a 64 percent increase in the average daily number of services provided by battery swap stations along highways. (Image credit: Nio) Nio (NYSE: NIO) saw a spike in battery…
Pure electric vehicles (EVs) are regaining their lost ground in mainland China as new battery technologies ease range anxiety while lower lithium prices make it increasingly affordable for consumers to own environmentally friendly cars. Sales of pure electric cars, also known as battery EVs (BEVs), reached 1.93 million units in the first quarter, a 48…
Chinese electric vehicle (EV) maker Xpeng has ramped up development of its own artificial intelligence (AI) chip to power its semi-autonomous cars, with a first mass production model to be fitted with the Turing chip from as early as this quarter. The chip, which is claimed to be more powerful than Nvidia’s Drive Orin X,…
As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent. Trump announced worse-than-expected reciprocal tariffs, and China swiftly responded. Electric vehicle (EV) stocks traded in Hong Kong were hit hard by US President Donald Trump’s new tariff measures, which triggered a selloff in global markets….
China has carved out a dominating role in Central Asia’s electronic vehicle market. Now, Beijing is looking to replicate its success in the Caucasus. Azerbaijan is emerging as Beijing’s point of entry for the region. During the first 10 months of 2024, Azerbaijan imported 2,592 electric vehicles, with Chinese-manufactured models accounting for a 77 percent…
Firefly’s mobile app has seen cumulative user registrations reach six figures 72 hours after it went live, with a significant increase in the percentage of new users from outside the Nio community. (Image credit: Nio) Nio (NYSE: NIO) sub-brand Firefly is gaining widespread buzz in China, which is expected to pave the way for it…
BEIJING (Reuters) – Chinese electric vehicle (EV) marker Nio on Sunday announced plans to launch its Firefly cars in Europe in the first half of 2025. William Li, CEO of Nio, said the company will work with local partners on the sale and service of Firefly in European markets. Li also said Nio will accelerate…
GUANGZHOU, China (Reuters) – Nio unveiled a lower-cost brand named Firefly on Saturday that it touted as a rival to Mercedes’ Smart and BMW’s Mini in the Chinese electric vehicle maker’s latest bid to broaden its customer base and boost sales. CEO William Li announced the new brand at an annual company event in Guangzhou…