36Kr Evening News | Tesla CFO says the company is cautiously entering the Indian market; The general manager of Xiaomi's public relations department refutes the rumor that the Xiaomi YU7's release is postponed; CATL launches 10 new chocolate battery swap models.
Large Companies:
36Kr exclusively learned that Feishu Project has officially launched the Feishu Project Open Platform. Hong Tao, the vice president of Feishu products, said that the platform has now achieved comprehensive open capabilities from page customization to system linkage. Data shows that over 95% of tenants use its open capabilities frequently every day, with the daily average API call volume exceeding 20 million times. In the automotive and agile development fields, Feishu has launched two major solutions, ASPICE and SAFe, based on its open capabilities. Feishu also released the "Ten Thousand Projects Update Plan", providing support policies such as 12 - month platform rights, technical support, and joint marketing for partners.
Volvo's Net Sales in Q1 Reached SEK 121.8 Billion, a 7% Year - on - Year Decrease
On April 23, Volvo released its financial report for the first quarter of 2025, showing that net sales were SEK 121.8 billion, a 7% year - on - year decrease. The adjusted operating profit was SEK 13.258 billion, and the adjusted operating profit margin was 10.9%. Earnings per share were SEK 4.86. (Jiemian)
Tesla's CFO Says the Company Is Cautiously Entering the Indian Market
Tesla's Chief Financial Officer, Vaibhav Taneja, said on Tuesday that due to falling sales and tariff threats, Tesla is cautiously entering India. During an earnings call, Taneja confirmed reports that the company is working on expanding into India and added that it would be a good market because of India's "large middle class." However, he said that India is also "a very tough market," as electric vehicles imported into India are subject to a 70% tariff and about a 30% luxury tax. He pointed out that this could double the price of Tesla cars sold in India. (Sina Finance)
SAP's Q1 Earnings Far Exceed Expectations Due to Massive Layoffs
The earnings performance of SAP, Europe's largest software manufacturer, in the first quarter of this year benefited from last year's large - scale layoff measures. Since many employees left the company at the beginning of this year, most of the cost savings from the layoffs were realized in the first three months of this year. The German DAX - listed company announced after the U.S. stock market closed on Tuesday that its adjusted earnings before interest and taxes (EBIT) increased by 60% to €2.46 billion. (Sina Finance)
36Kr learned that Tencent Music Entertainment Group (hereinafter referred to as "TME") released its 2024 ESG report. The report shows that as of the end of 2024, the total number of musicians on the Tencent Musicians platform exceeded 580,000, including 192,000 female musicians, a 20.8% year - on - year increase, and over 176,000 post - 2000 generation musicians.
On April 23, Japan's Ministry of Agriculture, Forestry and Fisheries launched the third batch of bidding for the release of government - reserved rice. The bidding is for 100,000 tons of rice produced in 2023, and it is expected to be delivered to the winning bidders after May. (Jiemian)
36Kr learned that at the 2025 Shanghai Auto Show, the MG brand launched its first - ever "boxy" Cyber X, the Art Edition of the Cyberster Black designed by master designer Kabann, and the 2026 model of the MG Cyberster. It is also understood that SAIC Group and OPPO have launched a strategic cooperation on intelligent cockpits and announced that the first co - developed model will be under the MG brand.
Investment and Financing:
Quanzhi Technology Completes Pre - A Round of Financing Worth Tens of Millions of Yuan
36Kr learned that according to the official WeChat account of Tongchuang Weiye, Quanzhi Technology, an innovative enterprise in the industrial robot field, recently announced the completion of a Pre - A round of financing worth tens of millions of yuan, led by Tongchuang Weiye. The financing will be used for the R & D and iteration of core technologies, the expansion of intelligent manufacturing bases, and the expansion of market application scenarios.
Jiutian Shugu Completes 15 - Million - Yuan Angel Round of Financing
36Kr learned that recently, Jiutian Shugu (Hubei) Technology Co., Ltd. completed a 15 - million - yuan angel round of financing. Mr. Li Xuefeng, the founder of the company, said that this round of financing will be used for software development and technology R & D.
36Kr learned that recently, Zhongshan Tulemeiyu Commercial Operation and Management Co., Ltd. completed a 20 - million - yuan angel round of financing. The funds will be used for the R & D and maintenance of the "Tulemeiyu App" and the renovation of houses. It is reported that Tulemeiyu is a platform focusing on the integration and promotion of idle houses in towns, aiming to transform idle houses into high - quality homestays and achieve effective utilization of resources.
New Products:
CATL Launches 10 New Chocolate Battery - Swapping Vehicle Models
At the 21st Shanghai International Automobile Industry Exhibition, CATL held a launch ceremony for new chocolate battery - swapping vehicle models and signed a comprehensive strategic cooperation agreement with GAC Group. At the event, CATL's chocolate battery - swapping service jointly launched 10 new chocolate battery - swapping vehicle models with five major automakers: FAW, Changan, BAIC, Chery, and GAC. As of now, CATL's chocolate battery - swapping network has been established in 16 cities, and it plans to complete the construction of 1,000 stations in 30 cities this year. (Securities Times)
36Kr learned that Potevio Internet of Vehicles announced today that it is expanding its cooperation with Qualcomm Technologies to build a new - generation intelligent cockpit solution powered by the Snapdragon® Cockpit Platform Premium Edition. Combining Potevio's deep experience in the development of intelligent cockpit software and hardware with the AI capabilities, computing performance, and high - definition graphics functions provided by the Snapdragon Cockpit Platform Premium Edition (QAM8397P), Potevio's new cockpit solution will help global automakers provide intelligent cockpit products for the central computing architecture, offering high - performance, highly scalable, and secure intelligent cockpit solutions.
Nissan Launches Its First Global Plug - in Hybrid Pickup Truck
Nissan launched its first plug - in hybrid pickup truck, the Frontier Pro PHEV. This model is Nissan's first global pickup truck designed, developed, and produced in China, jointly designed and produced by the Sino - Japanese R & D team of Zhengzhou Nissan. Ma Zhixin, the chairman of Nissan China Management Committee and the president of Dongfeng Motor Co., Ltd., announced that by the summer of 2027, Nissan will launch 10 new energy vehicles in China, with the number of Nissan - branded models increasing from 5 to 9. (Jiemian)
Today's Views:
Wang Xin, the director of the Research Bureau of the People's Bank of China, said on April 23 that the recently released "Action Plan for Further Improving the Convenience of Cross - Border Financial Services in the Shanghai International Financial Center" will improve cross - border fund allocation in the full - function fund pool in the Shanghai Free Trade Zone, encourage banks to gradually automate cross - border payment processing, extend the business service hours for the cross - border fund pools of key enterprise groups, and achieve real - time global fund allocation. (Securities Times)
36Kr learned that Wang Hua, the general manager of Xiaomi's public relations department, refuted the rumors of the delayed release of the Xiaomi YU7, saying, "Just now, some media friends reported that foreign media said the YU7's release was delayed, and some even said it would be released at the end of the year. It's really ridiculous. The release time of our YU7 remains unchanged, still in June - July this year as previously announced by Mr. Lei."
36Kr learned that the forum titled "New Chapters in the Era of AI: Opportunities and Challenges in the Automotive Industry" jointly hosted by the Shanghai Council for the Promotion of International Trade and Tencent Cloud was held. Zhong Xiangping, the vice president of Tencent Group and the president of Tencent Smart Mobility, said that the innovative application of AI technology is bringing more abundant functions and experiences to users, and also bringing new impetus to automakers in terms of organizational collaboration, innovation efficiency improvement, and market layout. Zhong Xiangping said that in a stable development environment, it is a scale - based competition of "big fish eat small fish," while in a rapidly changing environment, technological innovation capabilities determine the speed of enterprise evolution, and the market will enter an efficiency - based competition mode of "fast fish eat slow fish."
36Kr learned that Li Bin, the founder, chairman, and CEO of NIO, said in an interview that China is now the world's largest automobile exporter. This year, the overall production will continue to increase, and ultimately, the annual production of China's automotive industry has the potential to reach about 40 million vehicles, and its share in the global automotive industry should exceed 40%.
Other Noteworthy News:
The European Central Bank Predicts a Sharp Slowdown in Wage Growth by the End of 2025
The European Central Bank's main indicator for measuring future wage growth continues to show that wage growth will slow down significantly in 2025, supporting the expectation that inflation will fall further, which may create conditions for more interest rate cuts. The wage tracker released by the European Central Bank on Wednesday predicts that wages will grow by 1.6% year - on - year in the fourth quarter. This figure is slightly higher than the 1.5% forecast in March but far from last year's peak growth rate of 5.3%. (Sina Finance)
Japan Develops a 256 - Qubit Superconducting Quantum Computer
Fujitsu and the RIKEN research institute in Japan jointly issued a press release on the 22nd, saying that the two institutions have jointly developed a 256 - qubit superconducting quantum computer. The number of qubits is four times that of the previous - generation model, which can quadruple the computing power of the platform using this computer. Based on the 64 - qubit superconducting quantum computer launched by the two institutions in October 2023, they used the newly developed high - density packaging technology to achieve the world - leading 256 - qubit superconducting quantum computer. (Xinhua News Agency)