Krypton Evening News | BMW Collaborates with Chinese Firm Momenta to Develop Intelligent Driving Assistance Functions; Rumor Has It That ByteDance Is Developing Mixed Reality Glasses, with No Official Response Yet; Power Banks to Be Subject to Stricter New National Standards
Large Companies:
36Kr learned that recently, Anta Group's Class of 2025 fresh graduates officially started work. Over a thousand fresh graduates from across the country joined Anta Group. As of the end of 2024, Anta Group had over 60,000 employees, and it is expected to attract over 100,000 young talents by 2030.
36Kr learned that on the evening of July 11th, Dark Side of the Moon, a domestic large model unicorn, officially released and open-sourced its latest-generation MoE architecture-based model Kimi K2, with a total parameter count reaching one trillion (1T). Inside Kimi, the R & D group for K2 was jokingly called the "delivery group." Multiple Kimi R & D personnel involved in the "delivery" then answered questions on Zhihu, elaborating on the R & D process from multiple perspectives. As an R & D personnel on the Infra side of Dark Side of the Moon, Zhihu user Liu Shaowei said that the K2 model, under the framework of the DeepSeek V3 structure, focuses on how to select appropriate parameters so that the model can achieve a significantly lower loss while having similar training and inference costs as V3.
BMW Collaborates with Chinese Company Momenta to Develop Intelligent Driving Assistance Functions
On July 15th, BMW announced a collaboration with Chinese technology company Momenta to jointly develop a new generation of intelligent driving assistance solutions for the Chinese market.
Topsports Reaches an Exclusive Operation Cooperation with Ciele
36Kr learned that recently, Topsports, a Chinese sports retail operator, announced the introduction of professional running brand Ciele Athletics (hereinafter referred to as "ciele") to China. As ciele's exclusive operation partner in China, Topsports will be fully responsible for all aspects of ciele's operations in the Chinese market, including brand communication, market promotion, channel sales, and consumer operations.
ByteDance Reportedly Developing Mixed Reality Glasses, No Official Response Yet
There are reports that ByteDance is developing mixed reality glasses. According to several people familiar with the matter, ByteDance is developing a lightweight mixed reality device that looks like goggles. Currently, Meta is also developing a similar product and plans to release it in 2027. When seeking confirmation from ByteDance's official side, as of press time, there has been no response.
Tesla Announces the Price of Model Y in the Indian Market
Tesla has set the on-road price of the Model Y in India at 6.1 million rupees (approximately $70,919). Tesla has priced the rear-wheel-drive long-range version of the Model Y in India at 6.8 million Indian rupees (approximately $79,057) for cash payment.
Panasonic Energy, a subsidiary of Panasonic Holdings engaged in the battery business, announced on July 14th that its lithium-ion battery factory for pure electric vehicles in Kansas, USA, officially opened and has started mass-producing 2170-type battery cells. It plans to achieve an annual production capacity of approximately 32 GWh in the future. Construction of the Panasonic Energy Kansas factory began in November 2022, covering an area of approximately 1.2 million square meters. The factory will employ up to 4,000 people, and it is expected to create approximately 8,000 jobs including those in affiliated enterprises.
Nvidia to Start Selling H20 Chips to China, Foreign Ministry Responds
On the 15th, Foreign Ministry Spokesperson Lin Jian presided over a regular press conference. A Bloomberg reporter asked that today, Huang Renxun, the founder and CEO of Nvidia, said in Beijing that the US government has approved Nvidia's export license, and Nvidia will start selling H20 chips to the Chinese market. What's the spokesperson's comment on this? Lin Jian said that generally, China does not make specific comments on the actions of enterprises. He pointed out that China's stance of opposing the politicization, instrumentalization, and weaponization of science and technology and economic and trade issues and the malicious blockade and suppression of China is consistent and clear. Such practices disrupt the stability of the global industrial chain and are not in the interests of any party.
New Products:
BASF Launches New Experiments: "The Mystery of Batteries" and "Exploring the Magic of Electrolysis"
36Kr learned that on July 15th, the "BASF® Little Chemist" public welfare activity ("Little Chemist") kicked off at the China Science and Technology Museum. This year, BASF launched new experiments, "The Mystery of Batteries" and "Exploring the Magic of Electrolysis," to explain the chemical principles behind batteries to children and explore the various application possibilities of electrolysis. From now until July 20th, children aged 6 to 12 can go to the China Science and Technology Museum to sign up for the experimental activities.
SpaceX, Owned by Musk, to Launch Starlink Service in Vietnam in the Fourth Quarter
Vietnamese official media reported on Tuesday, citing a government official, that SpaceX is expected to start launching its "Starlink" satellite internet service in Vietnam from the fourth quarter of this year. According to reports, Pham Duc Long, the deputy minister of the Ministry of Science and Technology of Vietnam, said: "The goal of the Ministry of Science and Technology is to immediately approve the pilot service using low-orbit satellites after the investor completes the investment procedures and establishes a legal entity in Vietnam, with the goal of deploying the service in the fourth quarter of 2025."
Investment and Financing:
The People's Bank of China Conducts 1.4 Trillion Yuan in Outright Repurchase Operations
To maintain ample liquidity in the banking system, the People's Bank of China conducted 1.4 trillion yuan in outright repurchase operations on July 15th, increasing the scale for the second consecutive month. The announcement shows that the People's Bank of China conducted outright repurchase operations through fixed-quantity, interest-rate tendering, and multiple-price winning bid methods, with 800 billion yuan for a three-month (91-day) term and 600 billion yuan for a six-month (182-day) term.
"Huayi Quantum" Completes Hundreds of Millions of Yuan in Series A Financing
36Kr learned that Huayi Quantum, an ion trap quantum computing company, recently completed hundreds of millions of yuan in Series A financing. This round of financing was jointly led by the Zhongguancun Special Fund for Independent Innovation of the Social Security Fund (managed by Legend Capital), the Beijing Information Industry Development Investment Fund, and Legend Capital. The funds will be used to accelerate the R & D iteration of core quantum computing technology and the implementation of industrial applications.
Today's Views:
Currently, Huang Renxun, the CEO of Nvidia, the world's most valuable company and a US chip manufacturer, is visiting Beijing. This is his third visit to China this year. This morning, Huang Renxun visited Ren Hongbin, the president of the China Council for the Promotion of International Trade. During the meeting, he said that technologies such as artificial intelligence will further serve the supply chain and promote its stable and smooth operation. He also mentioned that the scale of the Chinese market and its technology integration capability provide key support for global enterprises.
Other Noteworthy News:
36Kr learned that to thoroughly implement the spirit of the Central Financial Work Conference, strengthen the supervision and administration of local asset management companies, promote the standardized and healthy development of the industry, and better help prevent and resolve regional financial and real - economy risks, the Financial Regulatory Administration recently formulated and issued the Interim Measures for the Supervision and Administration of Local Asset Management Companies (hereinafter referred to as the "Measures") after soliciting opinions from multiple parties. The Measures consist of four chapters and forty - five articles, including general provisions, business operations and risk management, supervision and administration, and supplementary provisions.
Power Banks to Have Stricter New National Standards
Recently, the quality and safety of power banks have become a hot topic. Relevant national departments are formulating stricter mandatory national standards for mobile power sources (power banks), and currently, they are publicly soliciting opinions. It is understood that the new national standards will set stricter technical standards. On the existing basis, it will increase or enhance test requirements such as over - charging, needle - punching, squeezing, and thermal abuse; add monitoring functions for safety information such as battery voltage and temperature, and consider adding functions such as intelligent adjustment of capacity and voltage and interactive communication between devices; and also consider putting forward requirements for the key production process technologies of power banks, lithium - ion batteries, and battery packs and the key materials affecting battery safety, and evaluate the safety of mobile power sources after aging.