91 Ten Articles - Tesla builds data center in China, NIO joins hands with Sinopec to bet on second-generation battery swap stations

1. Juefei Technology has received another round of financing worth hundreds of millions of yuan. This round of financing was led by Hegao Capital, followed by Lightspeed China, Yunqi Capital and other strategic resource parties. The funds will be used to scale up the operation of Juefei Technology's self-developed autonomous driving and vehicle-road collaboration solutions, continue to strengthen the research and development of multi-sensor fusion technology, and build an ecosystem for multi-source data platforms.

2. The IPO price of autonomous driving company TuSimple is $40, and it plans to sell 34 million shares to raise $1.35 billion, with a market value of $8.5 billion. The company's revenue last year was $1.8 million and its net loss reached $178 million.

3. Chery Automobile and Huaihe Energy will cooperate in all aspects of natural gas distributed energy stations. Huaihe Energy is a top 500 Chinese enterprise and a large energy enterprise in Anhui Province, with more than ten years of experience in the comprehensive utilization of gas, cooling, heating and electricity.

4. Desay SV Auto released its 2020 annual report. The report shows that the company achieved annual revenue of 6.799 billion yuan, a year-on-year increase of 27.39%; net profit attributable to shareholders of listed companies was 518 million yuan, a year-on-year increase of 77.36%; net profit attributable to shareholders of listed companies after deducting non-recurring items was 462 million yuan, a year-on-year increase of 117.50%. Desay SV Auto is one of the largest automotive electronics companies in China.

5. The first second-generation battery swap station jointly built by NIO and Sinopec was completed in Beijing. It is reported that users can start self-service battery swapping with one click in the car without getting out of the car. The second-generation battery swap station can provide up to 312 battery swap services per day.

6. General Motors and LG announced the construction of a second battery manufacturing plant in Tennessee, USA, with a total investment of approximately US$2.3 billion.

7. Polestar announced that it has received US$550 million in financing, mainly from Chongqing Chengxing Equity Investment Fund Partnership (Limited Partnership), Zibo Financial Holding Co., Ltd., Zibo High-tech Industry Investment Co., Ltd., I Cube Capital Fund under South Korea's SK Group, and other domestic and foreign investors.

8. SAIC is recovering faster. According to its March production and sales report, SAIC Group sold 492,000 vehicles in March this year, a year-on-year increase of 112.94%. In the first quarter of this year, SAIC's cumulative sales reached 1.142 million vehicles, a year-on-year increase of 68.24%.

9. Hyundai Kia announced a new China strategy, which will release up to 21 new energy products in the Chinese market by 2030. In addition, in order to further enhance its R&D capabilities in China, Hyundai Kia plans to establish the group's first overseas digital R&D center in Shanghai in the second half of this year.

10. Tesla's global vice president Tao Lin said at a roundtable forum organized by the National Development and Reform Commission of China that the data collected by Tesla in China will strictly comply with China's laws and regulations on data management and be stored locally. This means that Tesla may follow Apple's example and build a data center in mainland China.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.