Stories from Shenzhen · China

Chinese autonomous driving firm Pony.ai has announced upgrades to its core artificial intelligence model. The company expects to produce lower-cost driverless vehicles by 2020.

BYD reported first-quarter revenue of 150.2 billion yuan, representing a figure for the period. Net profit for the quarter reached 4.085 billion yuan. Net profit was 4.085 billion yuan, a 55.38% year-on-year decrease, with basic earnings per share at 0.4480 yuan. BYD sold more than 300,000 vehicles in the first quarter, representing a 56 percent increase. The company aims to sell 1.5 million vehicles outside of China this year. The company noted that rising fuel prices may drive consumers toward electric vehicles as an attractive alternative. This trend is expected to assist the automaker in meeting sales targets. The report was discussed in the context of ongoing competition in the electric vehicle market. Revenue was 150.2 billion yuan with a net profit of 4.085 billion yuan and EPS of 0.4480 yuan.

An entrepreneur has established a shared office space in the Huaqiangbei district to support electronic product development. A new office building in Shenzhen has hosted over 10,000 people and has been operational for seven months.

Chinese electric vehicle manufacturer BYD is seriously negotiating to join the Formula 1 racing series. This move reflects a broader globalization strategy for Chinese automotive brands amid intensifying international competition. The development is being monitored as a shift in the global automotive and sports landscape. BYD is considering an entry into Formula 1 racing amid changing technical regulations. The FIA has implemented major engine regulation changes, including increasing the MGU-K output to 350kW from 120kW. This change means approximately 50% of current F1 racing power is derived from electric motors. The current technical landscape is described as creating favorable conditions for BYD. Other brands like Chery are targeting Le Mans, while brands like NIO have been present in Formula E for over a decade.

High-quality boutique homestays and hotels in Shenzhen's coastal areas have seen bookings from Hong Kong travelers increase by over 120% year-on-year. New home sales in Shenzhen increased by 31% year-on-year during the May Day holiday. Data from the Shenzhen Leyoujia Research Institute also indicated growth in the second-hand housing market.

Located in the Shenzhen-Shanwei Special Cooperation Zone, the station serves as a critical junction for the Shenshan and Guangshan railways. The project integrates defense and passenger service facilities, urban road engineering, and development works. The total construction area covers 356,000 square meters, including 48,000 square meters for defense. The station utilizes intelligent processing and digital modeling to improve efficiency and create a zero-carbon building. He Jianming, secretary of the China Railway Construction Engineering Shenzhen Station project, stated the layout transforms the hub into a city vitality center. The design utilizes an east-station and west-city integrated layout to combine transportation with urban development. The facility will include a 24,000 square meter 5-megawatt photovoltaic system to aim for zero-carbon operations.

The Romanian National Hockey team has arrived in Shenzhen, China, for the World Championships with the objective of promotion to Division One. They will compete against Spain, Estonia, South Korea, and China. Former player Otilonog believes Estonia and China will be the main adversaries in this battle. The top-ranked team in the group will earn promotion to Group A. Romania's group also includes the host nation China, Spain, and Estonia. The Romanian men's national ice hockey team lost to China with a score of 4-3 during overtime at the Division Antigrupa B World Championship in Shenzhen. Romania is scheduled to play against a Spanish selection tomorrow at 7:30 AM Romanian time.

Huawei has introduced megawatt and ultra-fast charging solutions designed for the commercial vehicle sector.

Shenzhen-based electric vehicle manufacturer BYD has emerged as China's largest automaker by sales volume. The company's rapid growth marks a significant shift in the global automotive landscape, challenging established competitors like Tesla. This expansion highlights the increasing dominance of Chinese EV brands in international markets.

DJI has announced the release of the Lito 1 and Lito X1, which are designed as lightweight, beginner-friendly camera drones. The new models aim to lower the barrier to entry for amateur drone pilots. The announcement was shared via social media platforms. DJI has introduced a new aircraft certification service to provide support for drone operators.