On June 3, Lei Jun, founder of Xiaomi, disclosed at the Xiaomi Investor Conference that the latest Xiaomi YU7 could not be priced at the rumored 235,900 yuan, and the official pricing would be confirmed 1-2 days prior. Lei Jun stated that five years ago, Xiaomi started investing in the research and development of robotics, and currently, the automobile factory is testing related capabilities. Xiaomi's automotive chip is under development and is expected to be launched soon.
Home Appliances and Audio-Visual Equipment Retail Sales Reached 100.1 Billion Yuan in March, Up 35.1% Year-on-Year
In March 2025, the data on retail sales of consumer goods were released. The retail sales of household appliances and audio-visual equipment among the retail sales of designated-size units amounted to 100.1 billion yuan, representing a year-on-year increase of 35.1%; from January to March, the retail sales reached 254.2 billion yuan, up by 19.3% year-on-year.
Related Breaking News
-
Jun 03 09:49
Xiaomi's Car Factory Currently Testing Robotic Capabilities; Expected to Release Car Chip Soon, Lei Jun Says
-
May 27 09:20
Biol-based Material Company Celluso Biotech Completes Pre-A Financing Round
Recently, Saelos, a producer of green environmental friendly bacterial cellulose raw materials (short for: Saelos), has completed its Pre-A financing round. This financing was invested by Hahe Industrial Fund, with the investment amount undisclosed. Saelos was established on May 5, 2023, primarily engaging in the production, sales, and industrial application of green environmental friendly bacterial cellulose raw materials. The company's main products include bacterial cellulose and biocatalysts, dedicated to providing sustainable raw material solutions for industries such as environmental protection, pharmaceuticals, and food.
-
May 26 06:46
Huicheng Environmental Protection: Self-developed Deep Catalytic Cracking Technology for Mixed Plastic Waste Maintains Stable Operation Since Pilot Plant Commissioning
An investor asked on the investor interaction platform: Is the pilot plant for waste plastic pyrolysis in Huangdao still in operation? What is the longest record of continuous stable operation?Huicheng Environmental Protection(300779.SZ) stated on the investor interaction platform on May 26 that the pilot plant for the company's self-developed Catalytic Pyrolysis of Mixed Waste Plastics (CPDCC) technology has maintained stable operating conditions since its construction and is currently undergoing other research and development trials.
-
May 26 06:45
Hisense Air Conditioner Business Division Closed-door Meeting Urges "Offensive" Strategy; New President Previously Served as Vice President at Midea Group
Hisense Air Division (in preparation) held a closed-door meeting, during which the Hisense Air Industry team conducted a four-hour closed-door communication with core partners. The Hisense home air conditioners and central air conditioners lineup, including brands such as Hisense, Hitachi, Kelon, York, and Brilliant, was collectively unveiled. The closed-door meeting revealed that all product lines are prepared for "offensive" actions. Based on the timeline, this closed-door meeting may be Yin Bitong's first major move after joining Hisense. Previously, Yin Bitong was...Midea GroupServed as Vice President, and transferred to Hisense on May 19 to serve as the President of the********************** (Hisense Air Conditioning Business Unit). Note: It seems there is a part missing in the original Chinese sentence, specifically "**" which is translated as "being prepared" or "under******," referring to the department being in the preparatory stage. For accurate translation, more context might be needed.
-
May 23 02:45
Avantium Signs PEF Capacity Reservation Agreement with BIOVOX for Pharmaceutical Applications
Recently, Avantium announced that it has signed a capacity reservation agreement with BIOVOX, a pioneer in sustainable healthcare plastics. Under this agreement, BIOVOX commits to using Avantium's PEF (polyethylene furanoate) for various pharmaceutical applications. This PEF is expected to be produced in future industrial-scale facilities, and the multi-year capacity reservation ensures that BIOVOX has priority access to PEF produced in Avantium's future authorized network.As a supplier of medical-grade renewable polymers and compounds, BIOVOX has assessed the use of PEF in various pharmaceutical and medical applications. Compared to traditional petrochemical-based materials, pharmaceutical packaging based on PEF offers significant environmental benefits, aligning with the growing demand for sustainable solutions in the pharmaceutical industry.
Most Popular
-
US PHA producer Danimer files for bankruptcy
-
【Global News】Italy fines bioplastics maker Novamont ! Samsung Boosts Use of Recycled Plastics; Kuraray Expands Production Again
-
The price difference between recycled and virgin PET has led brands to be cautious in their procurement, even settling for the minimum requirements.
-
China's leading chip company, Unisoc, completes its share reform: Aims for IPO
-
South Korea Extends Anti-Dumping Duties on Chinese Polypropylene Films for 5 Years with a Maximum Rate of 25.04%