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Li Auto delivered 40,856 vehicles in May 2025, up 16.7% YoY, bringing total deliveries to over 1.3 million. Growth was driven by demand for its new Li…

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<a href="/company/li-auto">Li Auto</a> delivered 40,856 vehicles in May 2025, up 16.7% YoY, bringing total deliveries to over 1.3 million. Growth was driven by demand for its new Li Mega minivan variant and upgrades to its L series lineup. The company plans to launch its first battery electric SUV, the Li i8, in July.

<a href="/company/xiaomi">Xiaomi</a> has appointed Chen Guang, former CTO of FAW’s Nanjing research institute, to lead perception development for its assisted driving unit, replacing Rui Cai. The hire boosts Xiaomi’s efforts to advance end-to-end and VLA models amid safety scrutiny and intensifying competition.

Alarm is growing over China’s decision to restrict exports of rare earth magnets and alloys, as global automakers warn of looming production delays. The curbs, seen as trade leverage, affect critical components for cars, aerial vehicles, and military equipment. Shipments are stalled at ports as nations seek talks with Beijing for a breakthrough.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang praised Nintendo’s upcoming Switch 2, calling its custom chip “unlike anything we’ve built before,” with breakthroughs in mobile ray tracing, HDR, and AI-driven gameplay. Priced at USD 449.99, the console launches June 5 as Nintendo’s first in eight years and supports backward compatibility.

Tiger Brokers plans to double its workforce in Hong Kong over the next two to three years to capture growing demand from offshore Chinese investors. The firm’s assets under custody in Hong Kong quadrupled YoY in Q1 2025, fueled by rising capital inflows, IPO activity, and interest from individual and corporate clients.

<a href="/company/nio">Nio</a> reported Q1 2025 revenue of RMB 12 billion, up 21.5% YoY, as deliveries rose 40% from a year earlier but fell from Q4 levels. Vehicle margin improved to 10.2%, though net loss widened 30.2% YoY to RMB 6.75 billion. The Chinese <a href="/industry/ev">EV</a> maker expects Q2 deliveries of 72,000–75,000 units, driven by new models including the <a href="https://kr-asia.com/nio-shakes-up-the-market-with-luxury-et9-sedan-and-firefly-compact-car-debut">ET9 and Firefly</a>.

<a href="/company/huawei">Huawei</a> will launch its Pura 80 smartphone series in China on June 11, with expected camera upgrades and a possible new in-house chip. The devices will run HarmonyOS Next, Huawei’s latest Android-free platform. The release signals the company’s push to reclaim share in China’s premium smartphone market amid ongoing US tech restrictions.

<a href="/company/xiaomi">Xiaomi</a> founder Lei Jun expects the company’s <a href="/industry/ev">EV</a> business to turn profitable in the second half of 2025, driven by strong SU7 sedan sales and narrowing losses. The outlook comes as <a href="/collections/china-automobile">China's EV price war</a> heats up, with <a href="/company/byd">BYD</a> announcing cuts and state media warning of risks to supply chains and China’s manufacturing image. Xiaomi plans to launch its first SUV in July.

China’s housing slump is easing in top cities like Shanghai, where inventory turnaround saw levels fall from 20 to 12.5 months over the six months ending January 2025. S&amp;P forecasts prices of new homes will remain flat this year and rise 1% in 2026 in first-tier cities, while prices in smaller cities may continue to decline. Recovery remains uneven and depends on sustained government support.

Chinese tea chain Naixue has opened its first store in Chiang Mai, inside Central Festival mall, marking its eighth location in Southeast Asia. Featuring staples and new drinks tailored to Thai tastes, the outlet recorded nearly THB 3.5 million in first-month revenue, with daily sales topping 2,000 cups. A New York store is now in the pipeline as it eyes the US market.

US President Donald Trump and Chinese President Xi Jinping are expected to speak this week to address trade tensions, including tariffs and mineral export restrictions, according to the White House. The call follows a 90-day truce agreed in Geneva but comes amid slow progress, ongoing legal challenges, and unresolved structural issues.

Xiaomi crafts affordable smartphones, wearables, and IoT devices, appealing to users who seek innovation, quality, and budget-friendly tech.

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Chen Guang joins Xiaomi to strengthen its assisted driving push as the company works to catch up with China’s leading EV players.

Xiaomi taps FAW veteran to steer its next phase in assisted driving

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The move coincides with a USD 100 million investment from Fluidra to support Aiper’s push into smart yard technology.

Aiper relocates headquarters to Singapore as it expands from pools to smart yards

CHENG Zi is based in China, covering technology and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

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FateTell blends Chinese metaphysics with AI, transforming ancient insights into a scalable digital business.

Think AI can’t tell your fortune? This startup tapping Eastern metaphysics says otherwise

AI Now! is a global AI community of Chinese developers, professionals, and founders.

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Li Auto's deliveries climb 16.7% in May

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