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Willand reaches one million units, expands production in China and Malaysia

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CATL signs sodium-ion battery deal

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CATL
CATL has signed a three-year agreement with HyperStrong to supply 60 GWh of sodium-ion batteries for energy storage, reportedly the largest deal of its kind. The partnership covers R&D, applications, and deployment, supporting large-scale commercialization of sodium-ion battery tech.

Jiyue Auto enters judicial restructuring

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36Kr
Jiyue Auto has entered judicial reorganization after a court approved the consolidation of its affiliated entities. The move follows a pre-restructuring phase aimed at attracting new investors, protecting user rights, and revitalizing assets.

37 Interactive Q1 profit jumps 59%

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TMTPost
37 Interactive Entertainment reported a 59.02% YoY increase in Q1 2026 net profit to RMB 873 million, with revenue rising to RMB 3.72 billion. The company attributed the growth to its product strategy, including new title launches and continued performance from existing games.

Unitree launches dual-arm robot

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IT Zhijia
Unitree Robotics launched a dual-arm humanoid robot on April 30, with pricing starting at RMB 26,900. The robot includes a binocular vision computing module, 15–31 degrees of freedom, and a head module with 10 TOPS of computing power. It supports interchangeable end-effectors, including two-, three-, and five-finger configurations, and can be mounted on fixed or mobile bases.

GoTo posts first net profit

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GoTo Group
GoTo Group reported its first net profit of IDR 171 billion in Q1 2026, reversing a loss from the year earlier. Revenue rose 26% YoY to IDR 5.3 trillion, while core GTV grew 65% YoY to IDR 138 trillion and adjusted EBITDA increased 131% YoY to IDR 907 billion.

Aito M6 deliveries exceed 5,000 units

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IT Zhijia
The Harmony Intelligent Mobility Alliance has delivered more than 5,000 units of the Aito M6 as of April 30. It has launched nationwide deliveries of the SUV, which starts at RMB 259,800, and plans to increase production capacity to 20,000 units per month.

Oppo integrates OnePlus and Realme

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IT Zhijia
Oppo has established a sub-brand business unit to consolidate marketing and product operations across OnePlus and Realme. Oppo senior vice president Sky Li will lead the division, while Xu Qi oversees marketing and service. Realme's R&D teams will be integrated into Oppo's hardware and imaging divisions.

Ant launches mobile “world model”

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Ant Group
Ant Group has launched a mobile "world model" in its LingGuang app, enabling users to generate explorable 3D environments from a single image. The feature is powered by Robbyant's open-source LingBot-World-Fast model.

Wingtech reports Q1 loss

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IT Zhijia
Wingtech Technology reported a Q1 2026 net loss of RMB 189 million, compared with a profit in the prior year, on revenue of RMB 816 million. The company cited limited control over its Nexperia overseas entity, which affected semiconductor capacity utilization and production. It is localizing its supply chain to reduce disruptions.

Anker reports Q1 revenue growth

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IT Zhijia
Anker Innovations reported Q1 2026 revenue of RMB 7.61 billion, up 26.93% YoY. Net profit attributable to shareholders declined 4.87% to RMB 472 million, while non-GAAP net profit rose 24.39% to RMB 547 million. The company attributed growth to its charging, smart device, and audio segments. Overseas revenue accounted for 95.3% of total revenue.

Satellite tech to reach 46% of phones

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Counterpoint Research
46% of global smartphone shipments are projected to support non-terrestrial network connectivity by 2030. Adoption is currently driven by high-end devices and proprietary solutions, but broader penetration is expected as 3GPP standards mature and more chipmakers integrate satellite capabilities into midrange devices.

Cambricon Q1 profit rises 185%

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IT Zhijia
Cambricon reported Q1 2026 net profit of RMB 1.01 billion, up 185.04% YoY, on revenue of RMB 2.89 billion, up 159.56%. The company attributed the growth to demand for AI computing power and expanded market reach. Operating cash flow turned positive at RMB 834 million.

China halts new robotaxi licenses

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Semafor
China has suspended new robotaxi licenses after a system failure in Wuhan caused about 100 Apollo Go vehicles to stop in traffic. Authorities have ordered a review and blocked companies from expanding autonomous fleets.

BYD delivers second-gen Denza D9

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IT Zhijia
BYD began deliveries of its second-generation Denza D9 in Shenzhen on April 29. The vehicle, launched on April 27, is available in six variants priced at RMB 359,800–459,800. The MPV features a redesigned exterior, a 3,110 mm wheelbase, and both plug-in hybrid and battery electric options.

Pop Mart expands Beijing theme park

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TMTPost
Pop Mart will open new zones and rides at its Beijing theme park on April 30 following a year of renovations. The park became profitable in 2024 and saw a 70% increase in visitors in 2025. Management said short-term financial returns are not the primary objective, positioning the park as a long-term growth driver.

Ninebot Q1 profit falls 55%

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IT Zhijia
Ninebot reported Q1 2026 net profit of RMB 203 million, down 55.42% YoY, as revenue rose 14.82% to RMB 5.87 billion. The decline was driven by RMB 248 million in exchange losses, higher raw material costs, and a 46.66% increase in R&D spending to RMB 371 million. Operating cash flow was negative RMB 477 million due to inventory buildup and higher operating expenses.

Mabwell completes Hong Kong IPO

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TMTPost
Mabwell Bioscience completed its dual listing on the Hong Kong Stock Exchange on April 28. The company previously secured a USD 600 million licensing deal with Alphabet subsidiary Calico Life Sciences. It reported 2025 revenue of RMB 658.7 million, up 230% YoY.

SenseTime open-sources SenseNova U1

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SenseTime
SenseTime has open-sourced its SenseNova U1 multimodal model series, including the U1 Lite variants.

Ant reports merchant network milestone

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Ant Group
Ant International said it now connects over 150 million merchants with more than two billion consumer accounts globally. Its network reportedly supports over 300 payment methods across 220 markets and processes more than 20 million transactions daily on average.

HKEX Q1 profit rises 27%

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HKEX
Hong Kong Exchanges and Clearing reported a Q1 2026 profit attributable to shareholders of HKD 5.188 billion, a 27% YoY increase. Revenue and other income reached HKD 8.203 billion, up 20% from the same period last year. The company attributed the growth to higher trading and clearing fees driven by increased volumes in the spot and commodities markets.
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