Krypton Evening News | Tesla announces entry into the Saudi Arabian market; Tesla's FSD is officially named "Intelligent Assisted Driving Function" in China; 16.13 million train tickets for the Tomb-Sweeping Festival holiday have been sold.
Large Companies:
Tesla Announces Entry into the Saudi Market
Tesla announced that it will hold a product launch event in Riyadh, the capital of Saudi Arabia, on April 10th to officially enter the largest automotive market in the Gulf region. According to the official website announcement, the event will showcase its full range of electric vehicles and solar products, and debut the self - driving taxi Cybercab and the humanoid robot "Optimus". However, the specific market launch time has not been disclosed.
Report: NVIDIA Requests SK Hynix to Increase Supply of 8 - layer HBM3E
According to ZDNet, people familiar with the matter revealed that SK Hynix recently received an additional supply request from NVIDIA for 8 - layer HBM3E products. The reason is that NVIDIA has changed the HBM product used in the H20 from HBM3 to HBM3E. NVIDIA has decided to equip the H20, which will be mass - produced in the first half of this year, with 8 - layer HBM3E products, and the company internally refers to the new model as H20E. It is reported that SK Hynix will start supplying for this request as early as this month.
According to MoneyDJ, TSMC is accelerating the expansion of its advanced packaging capacity in Taiwan, China. Both its AP8 and AP7 factories have advanced their equipment installation schedules. The former is committed to expanding CoWoS capacity, and it is expected to start installing equipment as early as April 2025 and may start mass production in the second half of the year; the latter's task is to increase the production of SoIC technology. The original plan to install equipment at the end of 2025 has been advanced to August. It is expected that the SoIC production will double to 10,000 wafers this year and double again in 2026.
Tesla's FSD Officially Named "Intelligent Assisted Driving Function" in China
According to Tesla's official website, the FSD driving package has been renamed "Intelligent Assisted Driving Function", and the price remains 64,000 yuan. Previously, the FSD function was directly translated as "Full Self - Driving Capability". Relevant personnel from Tesla revealed that the company has determined the Chinese expression of FSD as "Intelligent Assisted Driving Function" or "Intelligent Assisted Driving System".
A report released on Wednesday by South Korean corporate tracker CEO Score showed that the total operating profits of South Korea's top 500 companies increased by 66% year - on - year in 2024, mainly driven by the rebound of the global semiconductor market. The report showed that in 2024, the total operating profits of South Korea's top 500 companies reached 183.7 trillion won, far higher than 110.6 trillion won in the previous year. The total sales of these companies were 2,523 trillion won, a 5.8% increase from 2,384 trillion won in 2023. The total annual net profit increased by 74.5% year - on - year. The significant increase in operating profits was mainly driven by the strong performance of chip manufacturers SK Hynix and Samsung Electronics.
Report: BMW Reaches an AI Cooperation Agreement with Alibaba
BMW is rumored to reach a comprehensive AI cooperation agreement with Alibaba. Alibaba's Tongyi large - model will be applied to BMW's Neue Klasse series of vehicles in the Chinese market. In recent years, large - models have been accelerating the AI transformation of the automotive industry, especially in the intelligent in - vehicle field where direct interaction with users occurs.
New Products:
Elon Musk's Starlink Service Approved for Trial Operation in Vietnam
The Vietnamese government said on Wednesday that it has decided to allow SpaceX, owned by Elon Musk, to conduct a trial operation of its Starlink satellite internet service in Vietnam. The Vietnamese government said in a statement that there are no restrictions on foreign ownership of the service and added that the trial operation period will last until the end of 2030.
Keep Launches a General Fitness Coach Agent to Customize Training Plans for Users
36Kr learned that the sports technology company Keep launched a dedicated model Kinetic.ai in the vertical field of sports and health, and simultaneously launched its first general AI coach Kaka based on this model to customize training plans and programs for sports users according to their exercise needs.
BYD Sea Lion 05 EV Officially Launched, Starting at 117,800 Yuan
36Kr learned that on March 25th, the BYD Sea Lion 05 EV was officially launched, with an official guiding price ranging from 117,800 yuan to 137,800 yuan. It is understood that the new car is built on BYD's e - platform 3.0 Evo, with a rear - wheel - drive architecture across the entire series. It is equipped with the Tian Shen Zhi Yan C - high - order intelligent driving triple - camera version (DiPilot 100) and the high - order version of the intelligent cockpit - DiLink 100. With advantages in five dimensions of appearance, intelligence, safety, comfort, and driving control, as well as more than a hundred core standard features, it brings users a comprehensively upgraded intelligent electric travel experience.
Investment and Financing:
Baidu, Horizon Robotics, etc. Invest in Vita Power
36Kr learned that according to Tianyancha App, recently, Vita Power (Beijing) Technology Co., Ltd. underwent industrial and commercial changes. New shareholders include Beijing Horizon Robotics Technology R & D Co., Ltd., Beijing Hillhouse Yurun Equity Investment Fund Partnership (Limited Partnership), and Sanya Baichuan Zhixin Private Equity Investment Fund Partnership (Limited Partnership) under Baidu. At the same time, the company's registered capital increased from 1 million yuan to approximately 1.218 million yuan.
According to people familiar with the matter, Southeast Asian ride - hailing giant Grab Holdings is in negotiations to raise a loan of up to $2 billion to support its potential acquisition of Indonesian rival GoTo Group. The people said that the so - called bridge loan may have a term of about 12 months. In addition, the negotiations with banks are in the early stages, and the details may change.
Today's Views:
Atlanta Fed President Expects Only One Rate Cut This Year
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said that he expects stubborn inflation to limit the central bank to no more than one rate cut this year. The policymaker said that at last week's meeting, he lowered his forecast for rate cuts this year from two to one, with each cut being a quarter - point (i.e., 0.25 percentage points).
Other Noteworthy News:
36Kr learned that today, Amazon released its 2024 Brand Protection Report. This is the fifth consecutive year that Amazon has released a brand protection report, which emphasizes its efforts in combating counterfeit goods, protecting consumers, brands, and third - party sellers from counterfeit goods, as well as the progress made in holding bad actors accountable and raising awareness of brand protection among consumers and sellers. In 2024, Amazon discovered, seized, and properly handled more than 15 million counterfeit goods globally, preventing these counterfeit goods from reaching consumers or being resold in other parts of the global retail supply chain. Amazon will continue to innovate and increase its protection of brands and third - party sellers, and strive to build a fair, transparent, and honest sales and shopping environment.
16.13 Million Train Tickets for the Tomb - Sweeping Festival Have Been Sold
This year's Tomb - Sweeping Festival holiday is from April 4th to 6th. According to 12306, as of 10 a.m. yesterday (the 25th), the railway department had sold a total of 16.13 million train tickets for the Tomb - Sweeping Festival holiday, and there were still sufficient tickets available for some routes. The Tomb - Sweeping Festival travel period will start on April 3rd and end on April 7th, lasting for 5 days. It is expected that April 4th will be the peak day for passenger flow.