China Tech Digest: Didi Launched Driverless Vehicle Project; Dingdong Maicai Raised US$700M Series D Round

Didi Chuxing

Didi launched driverless vehicle project, and Yang Jun, vice president of Didi took in charge

Didi Chuxing, China’s largest ride hailing firm, launched the driverless car project. The person in charge is Yang Jun, vice president of Didi and the general manager of Xiaoju Auto Service. He is also the chief product officer of the customized online car-hailing D1 jointly released by Didi and BYD. At present, the team has begun to get engineers from car manufacturers. Its driverless vehicle subsidiary plans to try new paths beyond self-research and start a new self-driving truck business.

BYD’s follow-up models will gradually use blade batteries

BYD said on a Chinese social networking platform that the company’s subsequent models will gradually use blade batteries.

SIA: Global semiconductor sales in February were US$39.5 billion, an increase of 14.7% but a decrease from the previous month

According to data released by SIA, global semiconductor product sales in February were US$39.5 billion, a decrease of US$500 million from January’s US$40 billion, a drop of 1.25% from the previous month. Although the sales of global semiconductor products declined in February compared with the previous month, they still maintained substantial growth year-on-year. SIA data shows that the year-on-year growth rate in February was 14.7%, higher than the 13.2% in January. The year-on-year growth rate of global semiconductor product sales in January and February both exceeded 10%, which means that sales in the first two months of this year were much higher than the same period last year.

Dingdong Maicai raised US$700 million in a Series D round financing

Chinese community-based fresh produce e-commerce platform Dingdong Maicai announced the completion of US$700 million series D round financing. The latest round was jointly led by DST Global and Coatue. Existing investors Tiger Global Management, General Atlantic, CMC Capital, Today Capital, Sequoia Capital, Ocean Link and Hony Capital also participated. And new investors include Aspex Management, 3W Fund, Mass Ave Global, APlus Partners and Cygnus Equity, etc.

New carbon-based lithium-ion capacitor come out with extended cycle life

Recently, Qingdao Institute of Bioenergy and Bioprocess Technology of the Chinese Academy of Sciences revealed that the institute has developed a long-cycle life carbon-based lithium-ion capacitor monomer, marking an important breakthrough in the industrialization of high-performance carbon-based lithium-ion capacitors in China. The actual capacity of its monomer is 780F, and the capacity of 100,000 cycles of high-rate cycling still maintains above 95.7%.

TSMC is reported to mass-produce A15 chips at the end of May to prepare for the new iPhone in September

According to media reports, Apple’s supplier TSMC plans to begin mass production of A15 chips as planned at the end of May. According to previous rules, this chip will be used in iPhone 13. The new chip will be made based on the 5nm enhanced version, which will be unveiled for the first time in the A14 Bionic of the 2020 iPad Air and iPhone 12 series.

Huawei will release its smart pure electric car Alpha S on April 17

Huawei’s Smart Car Solution business unit announced that it will release a new generation of smart pure electric sedan Alpha S in Shanghai on April 17.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

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