Stories from Shenzhen · China

BYD is raising the price of its DiPilot 300 assisted-driving system by 21 percent to 12,000 yuan ($1,757 USD). The increase takes effect this Friday due to rising global storage hardware costs.

Vanke A (000002.SZ) announced the transfer of 99.413% of Huanshan Group's equity. The transaction is valued at a base price of 3.27 billion yuan. The move aims to optimize cash flow and exit non-core businesses.

Hedge-fund firm Millennium Management and Norway’s sovereign-wealth fund Norges Bank Investment Management have participated in funding for battery manufacturer Contemporary Amperex Technology Co. Limited.

Researchers at Shenzhen University have developed a coal plant utilizing electrochemical cells to process coal. The resulting carbon dioxide is captured for industrial use rather than being released into the atmosphere.

The Tuohuang Newton machine assembly is complete for the Henggang section of the Longgang tunnel in Shenzhen. Construction teams have completed the assembly of equipment for a railway tunnel project in Shenzhen.

Users on the WeChat platform have reported changes to the layout of the 'Moments' feature. Users on the Zhihu platform are reporting layout changes to the WeChat Moments interface, specifically on iOS version 8.0.71.

BYD reported an annual revenue decline of nearly 27 percent, falling to 41.7 billion yuan. Chinese car manufacturer BYD reported a sharp drop in earnings as consumers tightened spending. The company still recorded approximately 600 million dollars in earnings. The report was provided by NPR. Chinese automaker BYD reported earnings of approximately $600 million for the recent period. This figure represents less than half of the earnings reported during the same period the previous year. The decline is attributed to Chinese consumers purchasing fewer vehicles overall. BYD sold just over 700,000 new energy vehicles during the first three months of the year. The company's short-term borrowings increased by more than 70 percent to under US$10 billion by the end of March. BYD stated it is shifting focus toward higher margin premium pricing amid increasing domestic competition.

AI dispatch tools are being used to analyze basic information and product unit prices for 115,000 merchants in Huaqiangbei. The technology processes merchant information to analyze unit prices for goods and generate reliable reports.

An AI agent team can now generate detailed drone assembly lists and professional advice within minutes. Customized drone assembly is increasing in Shenzhen, specifically within the Huaqiangbei district. Shop owners are assembling complete units from loose components in under two hours. These drones are equipped with filming capabilities and provide stable flight. One shop owner reported having operated a drone component business in Huaqiangbei for over ten years. A new AI system can generate suit design blueprints and automatically create a bill of materials required for production. This system is used by apparel industry companies from design and research to production personnel. Exhibitors at the Canton Fair are showcasing AI-generated designs and intelligent production lines, with some able to produce finished garments within a day of receiving designs.

A new AI customization service studio has opened in the Huaqiangbei district. The facility functions as a hands-on workshop where creators can source parts and production equipment locally. One resident maker was observed developing smart glasses using locally sourced components. A foreign maker space and shared office area has launched in the Huaqiangbei district of Shenzhen. An entrepreneur named Hank established a shared workspace in Huaqiangbei to provide equipment and facilities for electronic product development. A shared workspace in Huaqiangbei has hosted over 16,000 global makers in its first three and a half years. This process aims to reduce costs associated with hiring specialized personnel and minimize blind investment in supply chains.