8:01 AM | Honda and Nissan respond to the rumors of "business integration"; Zhang Yiming, the founder of Douyin, enters the private equity industry; Experts say that canceling the shared area is an important task next year.

Listing in Progress

Kioxia, a Japanese Semiconductor Storage Company

On December 18, Kioxia Holdings, a Japanese semiconductor memory giant, was listed on the PRIME market, the highest level of the Tokyo Stock Exchange. The initial price after the opening on the first day was 1,440 yen per share, a 1% drop from the issue price of 1,455 yen. Calculated at the initial price, the total market value is approximately 776.2 billion yen (about 36.8 billion yuan). When Kioxia went public, 21.56 million new shares were issued, raising approximately 29 billion yen. Bain Capital and Toshiba, which hold its shares, will sell a portion, reducing their shareholding ratios from 56% and 40% to 51% and 30%, respectively. (Jiemian News)

TOP 3 Big News

Honda and Nissan Respond to "Business Integration" Rumors: No Decision Has Been Made Yet

In response to the rumors that "Honda, Nissan, and Mitsubishi Motors are considering business integration," Honda and Nissan responded on December 18 that the reported content is not based on the announcements made by the three companies. In March and August of this year, Nissan, Honda, and Mitsubishi Motors stated in their announcements that they will integrate the advantages of all parties and explore various cooperation possibilities, but no decision has been made yet. If there is the latest situation, it will be notified to the stakeholders at the appropriate time.

Previously, it was reported that Shinji Aoyama, Executive Vice President of Honda, said that Honda is considering multiple options for a merger with Nissan Motors, including the establishment of a holding company to operate. It is said that the two sides have been in preliminary negotiations to explore the possibility of a merger. This move aims to create a major competitor to Toyota Motors in Japan and enhance the ability of the merged company to cope with global competitive challenges. In addition, the two sides also plan to include Mitsubishi Motors, in which Nissan holds a 24% stake, in the holding company. The specific shareholding ratio and other details will be determined later. (Caixin News Agency, Jiemian News)

Toutiao Founder Zhang Yiming Enters the Private Equity Industry

Toutiao founder Zhang Yiming's Cool River Venture HK Limited obtained the Type 9 license, namely the Asset Management License, issued by the Hong Kong Securities and Futures Commission in November. The license became effective on November 21. After obtaining this license, the company can carry out asset management service business in Hong Kong. Previously, many founders of Internet companies have gone to Hong Kong to obtain asset management licenses. For example, in November 2023, GURRYSHARK Fund Management Company Limited obtained the Hong Kong Type 9 license. This institution is owned by the founder of a leading Internet organization and prefers to invest in the technology field. (China Securities Journal)

Experts Say Canceling Shared Area Is an Important Task for Next Year

On December 17, Zhangjiakou City, Hebei Province issued a policy to encourage the implementation of "off-plan home sales" and gradually promote the "cancellation of shared area". Previously, Hengyang City, Hunan Province clearly stipulated that the sales of commercial housing are priced based on the indoor floor area. Currently, the "cancellation of shared area" has begun to be implemented in many places. Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute, told a reporter from Zhongxin Jingwei that in recent years, the criticism of the shared area is that the occupancy rate is too low, which affects the rights and interests of homebuyers. The successive introduction of policies indicates that the cancellation of the shared area is an important task in 2025. The occupancy rate of a 100-square-meter house may reach 100%, which is helpful to improve the quality of home purchases, boost homebuyers' confidence, and enhance their enthusiasm for purchasing. (Zhongxin Jingwei)

Big Companies/Big Events

Xia Yiping Takes Over Jidu's Sales and Service Company

36Kr has learned that Tianyancha App shows that recently, Chongqing Jidu Automobile Sales and Service Co., Ltd. has undergone industrial and commercial changes. Xie Xun stepped down as the legal representative, manager, and director, and Xia Yiping took over. The company was established in August 2024 with a registered capital of 10 million Chinese yuan. Its business scope includes motor vehicle inspection and testing services, new energy vehicle sales, automotive decoration supplies sales, wholesale and retail of automotive parts, sales of new energy vehicle electrical accessories, sales of new energy vehicle battery swap facilities, and operation of electric vehicle charging infrastructure. The equity panoramic penetration map shows that the company is wholly owned by Jidu Technology (Wuhan) Co., Ltd., which is a wholly-owned subsidiary of Jidu Automobile (Hong Kong) Co., Ltd.

Foxconn Reportedly Negotiating to Acquire Majority Stake in Nissan Motor

According to an informed source, Foxconn has approached Nissan Motor Company with the hope of obtaining its controlling stake. The unnamed person said that Hon Hai has been vigorously investing in factory production of electric vehicles and is interested in acquiring the entire Nissan company, not just the company's factories and equipment. The proposal has not been made public. It is not yet clear whether Nissan has had substantive discussions with Foxconn or has rejected its proposal. A Nissan spokesperson declined to comment. (Sina Finance)

The "Tongyi" application team is spun off from Alibaba Cloud and merged into Alibaba Intelligent Information Business Group

36Kr has learned from multiple independent sources that the AI application "Tongyi" under Alibaba has recently been officially spun off from Alibaba Cloud and merged into Alibaba Intelligent Information Business Group. An informed source told 36Kr that this adjustment includes the product managers of the Tongyi To C direction and the related engineering team, who are all adjusted to the Alibaba Intelligent Information Business Group. After the adjustment, the Tongyi PC and App team is at the same level as the intelligent search product "Quark", and the original Tongyi Laboratory remains within the Alibaba Cloud system. This move can be seen as a step for Alibaba to sort out its internal AI To C applications.

The three major U.S. stock indexes closed lower collectively, with Tesla dropping by more than 8%

36Kr learned that at the close of trading on December 18, the three major U.S. stock indexes closed lower collectively. The Dow Jones Industrial Average dropped by 2.58%, the Nasdaq Composite Index dropped by 3.56%, and the S&P 500 Index dropped by 2.95%. Large technology stocks fell across the board. Tesla dropped by more than 8%, Amazon dropped by more than 4%, Google, Meta, Netflix, and Microsoft dropped by more than 3%, Apple dropped by more than 2%, and NVIDIA dropped by more than 1%. Most popular Chinese concept stocks weakened. Weibo and NIO dropped by more than 4%, iQIYI dropped by more than 3%, Alibaba, JD.com, Baidu, and NetEase dropped by more than 2%; Li Auto rose by more than 1%.

Tangshan Intime Department Store Increases Its Registered Capital to 796 Million Yuan

36Kr has learned that the Tianyancha App shows that recently, Tangshan Intime Department Store Co., Ltd. has undergone industrial and commercial changes. Zhejiang Intime Department Store Co., Ltd. has been added as a shareholder. The legal representative and chairman have been changed from Sun Huadong to Shao Hongyu. At the same time, the registered capital has increased from 50 million yuan to 796 million yuan. Tangshan Intime Department Store Co., Ltd. was established in December 2011. Its business scope includes the sale of daily necessities, retail of jewelry and ornaments, sale of needle textiles, retail of sporting goods and equipment, retail of cosmetics, information consultation services, etc. It is now jointly held by Zhejiang Intime Investment Co., Ltd. and Zhejiang Intime Department Store Co., Ltd.

Yonghui Superstores: Wholly-owned Subsidiary Sells 9.87% Shares of Zhongbai Group

36Kr has learned that Yonghui Superstores issued an announcement. From December 3 to December 17, the company's wholly-owned subsidiary, Chongqing Yonghui, sold a total of 67,101,287 shares of Zhongbai Group through centralized bidding, accounting for 9.87% of its share capital, with a sale amount of approximately 440 million yuan. Before the sale, the book value of the company's corresponding equity in Zhongbai Group was 279 million yuan, and the initial investment cost was 486 million yuan. This sale will increase the investment income in 2024 by approximately 161 million yuan (excluding relevant taxes and fees), and the cumulative recognized investment income of the above equity is approximately -46 million yuan. Up to now, the company and its subsidiaries no longer hold A-share stocks of Zhongbai Group.

The Chang'an Automobile Flying Car Cooperation Project Will Be Signed on December 21

Chang'an Automobile will sign a contract with relevant companies on December 21 to carry out forward-looking research on flying cars. In November, Chang'an Automobile announced that in the field of flying cars, it will simultaneously develop products and industries in two forms: low-altitude aircraft and flying cars, and plans to launch flying car products before 2026. (Cailian Press)

The person in charge of Tesla's China factory has resigned and will join a local automotive brand in a capacity bottleneck period

According to LatePost, Song Gang, Vice President of Manufacturing at Tesla and the factory director of the Shanghai factory, submitted his resignation several months ago, and Wednesday, December 18, was his last working day. Two people familiar with the matter said that Song Gang plans to join a local emerging automotive brand that is currently in a capacity bottleneck. Currently, Tesla has not officially appointed a new factory director for the Shanghai factory. The two people familiar with the matter said that the most likely candidate to replace Song Gang is Fei Wenjin, the Senior Director of Vehicle and Parts Quality at Tesla's Shanghai factory. Another candidate is Sun Haolin, the current Logistics Director at Tesla's Shanghai factory.

Song Gang joined Tesla in 2018 and previously worked at Ford and SAIC-GM. Song Gang was the first employee of Tesla's Shanghai factory and led the team to achieve local production of Model 3 within one year. The factory director of the Shanghai factory is the most critical position in Tesla China except Zhu Xiaotong, overseeing the Phase I and Phase II factories, as well as the battery and motor factories in Shanghai. In Tesla China, except for the supply chain, which is managed by the US headquarters, the rest of the manufacturing-related departments are managed by the factory director. The aforementioned people familiar with the matter commented that Song Gang's departure means that the person who helped Tesla establish the Shanghai factory has completed the historical task. (LatePost)

Audi FAW New Energy Officially Starts Production in Changchun

On December 17, Audi FAW New Energy Automobile Co., Ltd. officially started production in Changchun, Jilin. The first model to be put into production is the Audi Q6L e-tron series, and the Audi A6 e-tron model specifically launched for the Chinese market will be followed closely. (Jiemian News)

HONOR Completes a New Round of Shareholding Reform, with China Telecom, CICC Capital, etc. as New Shareholders

According to the information shown on Qichacha App, recently, Honor Terminal Co., Ltd. has undergone industrial and commercial changes. The original shareholder, Hangzhou Weitong Equity Investment Partnership (Limited Partnership), has withdrawn, and new shareholders such as CICC (Changde) Emerging Industry Venture Capital Partnership (Limited Partnership) and China Telecom Group Investment Co., Ltd. have been added. Regarding the industrial and commercial changes, as of the time of publication, HONOR has not responded to media inquiries. However, with the completion of the industrial and commercial information changes, this means that HONOR's new round of shareholding reform is coming to an end. (Sina Technology)

President of Xiaomi Japan: Will Launch Physical Stores in Japan to Promote IoT Functions

According to a report by Jiji Press quoted by Jiemian News, Akira Onuma, the president of Xiaomi Japan, said in a recent interview that building its own sales network "is the key to the Japanese market" and plans to launch physical stores, aiming to directly introduce the connection function through smartphones to consumers. Akira Onuma said that the physical stores aimed at accelerating the sales speed will refer to the "Mi Home" stores in mainland China and Hong Kong, China. Data from research company IDC shows that Xiaomi's mobile phone shipments in Japan in the second quarter of this year were approximately 490,000 units, about 5.6 times that of the same period last year. It ranked fourth after Apple, Sharp, and Google, and its market share increased from 1% to 7%. (Jiemian News)

Meituan UAV Obtains the First BVLOS UAV Delivery Commercial Operation Qualification in Dubai

36Kr learned that on December 17, at the launch ceremony of the commercial operation of drone logistics in Dubai, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense of the UAE, and Chairman of the Board of Directors of the Dubai Future Foundation (DFF), announced that Dubai Silicon Oasis (referred to as DSO) has become the first commercial operation area. On the same day, the Dubai Civil Aviation Authority issued a BVLOS UAV delivery commercial operation qualification certificate to Meituan UAV, which is also the first certificate issued in this region. Since then, Meituan UAV has taken the first step in global operations.

Black Myth: Wukong Nominated for Steam Game of the Year

It is learned from Steam that the shortlist for the 2024 Steam Awards has now been officially released. Voting will open at 2 am Beijing time on December 20 and end at 2 am on January 1, 2025, when the winners will be announced. Users can cast one vote for each of the 11 awards and can also change their voting options before the deadline. Among them, "Black Myth: Wukong" has been nominated for Game of the Year. (ITHome)

Break through the "stuck neck" technology, the world's largest compressed air energy storage power station starts construction

On December 18, the world's largest compressed air energy storage power station - Huaneng Jintan Salt Cavern Compressed Air Energy Storage Power Generation Phase II Project officially started construction in Changzhou, Jiangsu. The Huaneng Jintan Salt Cavern Compressed Air Energy Storage Power Generation Phase II Project plans to build two sets of 350-megawatt non-supplementary fired compressed air energy storage units, with a total volume of 1.2 million cubic meters. It is currently the compressed air energy storage power station with the largest single-unit power, the largest total capacity, and the highest comprehensive efficiency in the world. As a major project in Jiangsu Province, this project has broken through the "stuck neck" technical barriers, developed and manufactured the world's most advanced air turbines and compressor units, and achieved 100% localization of core equipment to serve the national energy security strategy. (CCTV News)

NDRC: Domestic refined oil prices will not be adjusted according to the mechanism on December 18

36Kr learned that, according to the NDRC, since December 4, 2024, the international market oil price has fluctuated. According to the calculation of the current domestic refined oil price mechanism, the average price of the first 10 working days before December 18 is compared with the average price of the first 10 working days before December 4. At the same time, considering the unadjusted price amounts on November 20 and December 4, the cumulative price adjustment amount is less than 50 yuan per ton. According to Article 7 of the "Petroleum Price Management Measures", the prices of gasoline and diesel will not be adjusted this time, and the unadjusted amount will be accumulated or offset in the next price adjustment.

Personal Pension Wealth Management Products Are Updated Again, with a Clearer Label of Pursuing Stable Returns

On December 16, China Wealth Management Network released the sixth batch of personal pension wealth management product list. After adding 4 new products, the total number of personal pension wealth management products has reached 30. In the opinion of industry insiders, this expansion is helpful to further expand the beneficiary scope of the personal pension system and optimize the product supply of bank wealth management subsidiaries. At the same time, bank wealth management subsidiaries need to solve the problems faced by personal pension wealth management products at both the supply and demand ends, and relevant institutions should provide good services and improve the product innovation ability. (Securities Daily)

Boeing Says It Has Resumed All Aircraft Production Suspended Due to Strike

On December 17 local time, Stephanie Pope, CEO of Boeing Commercial Airplanes, posted on a social media platform that the company has now resumed the production of the 737, 767, and 777/777X aircraft programs. This indicates that the company has resumed the production of all aircraft programs that were suspended due to the strike. The aircraft manufacturer confirmed last week that it had restarted the production of its 737 MAX in early December. (Jiemian News)

Toyota will invest at least 1.6 billion US dollars to upgrade and renovate its factory in Thailand for the production of hybrid vehicles

Thailand's Minister of Industry Akanat Promphan said on December 18 that Toyota Motor will invest at least 55 billion baht (approximately 1.6 billion US dollars) within five years to upgrade and renovate its factory in Thailand for the production of hybrid vehicles. Akanat Promphan revealed that Akio Toyoda, Chairman of Toyota Motor, has promised Thai Prime Minister Pita Limjaroenrat that the company will continue to use Thailand as its production base in Southeast Asia. (Jiemian News)

South Korean regulator is said to fine Barclays and Citigroup for "naked short selling" behavior

It is reported that the South Korean regulator has fined Barclays and Citigroup for their "naked short selling" behavior, intensifying the crackdown on such illegal trading practices. It is reported that Barclays and Citigroup were fined 13.7 billion won (approximately $9.5 million) and 4.7 billion won respectively by the South Korean Securities and Futures Commission (SFC). Barclays said it is considering a response and will continue to be committed to maintaining the highest standards of professional conduct and maintaining the orderly and transparent operation of the market. (Jiemian News)

The iPhone 17 Pro Max May Adopt a Horizontal Triple-Camera Module

On December 18, according to the news from IT Home, the model renderings of the iPhone 17 Pro Max have been exposed. Based on the currently exposed details, the appearance of the Apple iPhone 17 Pro Max adopts a completely different design language from its predecessor. The rear camera module will adopt a horizontal triple-lens design similar to the Google Pixel 9 series, marking another significant design adjustment since the iPhone 11 Pro. Most of the back panel is made of aluminum alloy, while the remaining parts still use glass, presenting a two-tone appearance similar to the original iPhone; the use of the aluminum alloy back panel will enhance the durability of the phone and reduce users' reliance on phone cases. (IT Home)

The parent company of 7-Eleven plans to open 500 new stores in the United States and Canada by 2027

The parent company of 7-Eleven, Japan's Seven & i Holdings, confirmed on December 18 that the company plans to open 500 new convenience stores in the United States and Canada by 2027. This is part of the company's strategy to open 100,000 stores globally by 2030. Currently, Seven & i Holdings has more than 15,000 convenience stores in North America, but the company said in October that it will close 444 underperforming stores in the region. (Jiemian News)

The Biden administration approves California's plan to ban the sale of new gasoline-powered vehicles statewide starting from 2035

On December 18 local time, the US Environmental Protection Agency approved California's request for an exemption, allowing it to enforce the regulation of banning the sale of new gasoline-powered vehicles in the state by 2035. Michael Regan, the administrator of the US Environmental Protection Agency, said in a statement: "California has long had the right to apply for exemptions from the US Environmental Protection Agency to protect its residents from dangerous air pollution caused by mobile sources such as cars and trucks. Today's action fulfills the US Environmental Protection Agency's commitment to work with states to reduce emissions and address the threat of climate change." (Jiemian News)

The Federal Reserve Announces a 25-Basis-Point Interest Rate Cut

The Federal Reserve of the United States announced on December 18 local time that it would lower the target range for the federal funds rate by 25 basis points to between 4.25% and 4.50%, in line with market expectations. Federal Reserve Chair Powell held a press conference on the same day to explain the interest rate cut decision. He said that the Federal Reserve should be "more cautious" when considering adjusting the policy interest rate in the future. Powell said that the interest rate cut decision in December was more challenging but was the "right decision". He said that whether the Federal Reserve will cut interest rates in 2025 will be based on future data rather than current forecast results, and the Federal Reserve will consider further interest rate cuts after inflation improves. (Xinhua News Agency)

The inflation rate in the Eurozone was 2.2% in November.

Data from the second estimate released by Eurostat on December 18 local time shows that the annual inflation rate in the Eurozone in November was 2.2%, lower than the previously announced preliminary statistics of 2.3%, but still higher than the inflation rate of 2.0% in October in the Eurozone. The inflation rate in the Eurozone has rebounded for several consecutive months. The data also shows that the annual inflation rate in the European Union in November was 2.5%, higher than 2.3% in October. By country, compared with October, the inflation rate in 20 member states of the European Union has increased. (CCTV News)

Schaeffler CEO: The automotive industry is not expected to recover rapidly, and the possibility of future layoffs cannot be ruled out

It is reported that Klaus Rosenfeld, CEO of Schaeffler Group, said in an interview on December 17 local time that the automotive industry is not expected to recover rapidly, and the possibility of future layoffs cannot be ruled out. Rosenfeld said: "I expect 2025 to be another difficult year, for the entire economy, the entire industry, and Schaeffler. Even after that, we do not expect the economy to recover rapidly." Regarding further layoffs, Rosenfeld said that Schaeffler is currently focusing on implementing the announced plans, "but I cannot predict what will happen in three or four years." (Jiemian News)

Elon Musk is preparing to fund the Reform UK Party with "the largest donation in British political history"

Citing a report by The Daily Telegraph in the UK on the 17th local time, the China Securities Journal said that the well-known American entrepreneur Elon Musk supports the Reform UK Party and has discussed with the party leader Nigel Farage to provide a large donation to the party to defeat the Labour Party and the Conservative Party. The report said that Farage met with Musk at Mar-a-Lago in Florida, the US on the 16th local time and "discussed the funding issue". It is speculated that Musk may donate up to 100 million US dollars (78 million pounds). (China Securities Journal)

The Forefront of AI

The new generation video generation large model of ByteDance Doubao will be officially released in January next year.

It was learned at the Volcano Engine FORCE Power Conference that the new generation video generation large model of ByteDance Doubao will be officially released in January next year. In addition, the image and video generation tool under Douyin - namely, Dream AI, showcased the new generation image generation model and dynamic poster function. (Cailian Press)

Approximately 400 OpenAI Employees to Have Stock Sale Opportunity, with a Maximum of $10 Million per Person

According to informed sources, based on an agreement reached between OpenAI and SoftBank Group, around 400 current and former OpenAI employees are expected to earn millions of dollars by selling their stocks. SoftBank Group will acquire stocks worth approximately $1.6 billion from OpenAI employees through a tender offer. This transaction will enable SoftBank to obtain more equity in OpenAI and also provide an opportunity for OpenAI employees to realize their assets. For eligible employees, each participant will be allowed to sell stocks worth up to $10 million. Informed sources say that OpenAI estimates that the total value of stocks eligible for sale is approximately $2 billion. Since SoftBank has agreed to purchase $1.6 billion, there may be stocks worth $400 million without buyers. (Sina Technology)

OpenAI Introduces New Interactive Method, Allowing Users to Make Calls and Send Texts to ChatGPT

OpenAI provides users with a new way to interact with the chatbot ChatGPT: a number starting with 1-800. The artificial intelligence startup said on Wednesday that users in the United States can call 1-800-CHATGPT (1-800-242-8478) to have a 15-minute free call with this widely popular chatbot every month. The company stated that users in other countries can use WhatsApp to send messages to the same number to interact with the chatbot. OpenAI said that this new option aims to make artificial intelligence more accessible globally. It is also expected to further expand the coverage of its flagship product. Currently, the weekly active users of this product have reached 300 million. (Sina Finance)

Zowee Technology: The company's products are not applied in the field related to AI glasses

36Kr has learned that Zowee Technology has issued an announcement. Recently, the concept of "AI glasses" has attracted market attention. The company explains as follows: The company's products are not applied in the field related to AI glasses, and no relevant agreements or orders have been signed. The company has the relevant design and manufacturing capabilities for AR smart glasses products, but the company has not signed orders for AR smart glasses products, which has no impact on the company's operating income. Here, investors are reminded to make rational investments and pay attention to investment risks.

Big Company Financial Reports

KPMG's global revenue increased by 5.1% to $38.4 billion in fiscal year 2024

KPMG International announced on December 18 that for the fiscal year ending September 30, 2024, KPMG member firms worldwide achieved an annual revenue of $38.4 billion. In local currency terms, it increased by 5.1% compared to fiscal year 2023, and in US dollar terms, it increased by 5.4%. According to the statement, Tax and Legal Services, Audit Services, and Advisory Services achieved growth of 10%, 6%, and 2%, respectively. (Jiemian News)

Investment and Financing

"Sharge Technology" Secures Tens of Millions of Yuan in Series A+ Financing from Oasis Capital

36Kr has learned that the smart hardware brand "Sharge Technology" announced that it has received tens of millions of yuan in Series A+ financing exclusively invested by Oasis Capital, with Yuewei Capital serving as the exclusive financial advisor. Thus far, Sharge has completed a cumulative Series A financing of over 100 million yuan within one month. On December 19, Sharge will also hold a new product launch event for AI glasses in Shenzhen, officially launching the first mass-produced AI glasses in China.

"Zhongke Ruiyi" Completes Series A+ Financing

36Kr learned that, according to the official WeChat account of Zhongke Ruiyi, recently, Zhongke Ruiyi announced the completion of a tens of millions of yuan Series A+ financing led by Guoxin Fund. The funds raised will be mainly used for product research and development, clinical trials, product registration, and market promotion, etc.

"Pilton" Completes 30 Million Yuan Series A Financing

36Kr learned that the pet smart cabin brand "Pilton" has completed a 30 million yuan Series A financing round. This round is led by Anji Industrial Fund, with old shareholders Bohuiyuan Venture Capital and Zhichong Technology participating. Qianyou Venture Capital serves as the exclusive financial advisor for this round. This financing will be mainly used for the research and development of intelligent products.

Zhuhai Hexin Finance and Tax Technology Co., Ltd. has obtained a 50 million yuan Series A financing

36Kr learned that Zhuhai Hexin Finance and Tax Technology Co., Ltd. has completed a 50 million yuan RMB financing, which is strategically invested by Zhongjing Jin Kong Investment Co., Ltd. This financing will help the finance and tax technology to further optimize product functions, improve user experience, and increase market promotion efforts.

Cool Products

CATL Launches Two Standardized Chocolate Battery Swap Blocks: No. 20 and No. 25

At the 2024 CATL Chocolate Battery Swap Ecosystem Conference, CATL Chairman and CEO Zeng Yuqun stated that CATL will continue to promote the standardization of battery swapping, with the core being the standardization of battery sizes. Just like gasoline has No. 92 and No. 95 for refueling, chocolate battery swapping will also use two standard battery swap blocks, which CATL names as No. 20 and No. 25 battery swap blocks. Through different power capacities, it provides users with on-demand power distribution and personalized services. (Securities Times)

SK Hynix Develops High-capacity Solid State Drive for AI Data Centers

SK Hynix announced that the company has developed a high-capacity solid-state drive (SSD, Solid State Drive) product "PS1012 U.2" for AI data centers. The company plans to provide samples to global server manufacturers for product evaluation within this year and plans to expand the product group to 122TB in the third quarter of next year. (Jiemian News)

Organized by | Yu Yaoming