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<a href="/company/xpeng">Xpeng Motors</a> has launched an all-new P7 sedan in Beijing, offering up to 820 kilometers of CLTC-rated range and powered by in-house <a href="/industry/ai">AI</a> chips supporting voice, cockpit, and driving functions. Featuring 800-volt fast charging, streamlined aerodynamics, and a tech-focused luxury interior, the <a href="/industry/ev">EV</a> reportedly secured over 10,000 preorders within seven minutes.

Envision Energy achieved operational carbon neutrality for the third consecutive year in 2024, reducing Scope 1 and 2 emissions by 91% from baseline. Its digital platform supports supplier decarbonization, with 18% reportedly using 100% renewable power. CDP recognized the company with a top-tier climate rating for its efforts.

WorldFirst, part of Ant International, has secured approval and a Class A licence from Bank Negara Malaysia to expand its digital payment and treasury services. The licence allows WorldFirst to support SMEs in cross-border trade as Malaysia pushes forward with its digital economy goals.

<a href="/company/alibaba">Alibaba</a> is set to exit India’s Eternal through a block deal worth INR 53.75 billion, <em>CNBC-Awaaz</em> reported. Its unit Antfin Singapore will sell its entire 2.08% stake at INR 285 per share, reflecting a 4.6% discount to Eternal’s August 6 closing price. Eternal owns Zomato and Blinkit.

<a href="/company/xiaomi">Xiaomi</a> has hired Kai Langer, former head of design for BMW’s i series, as it expands its <a href="/industry/ev">EV</a> ambitions. Langer joins Li Tianyuan, formerly the lead designer of BMW’s iX SUV, to help shape Xiaomi’s car lineup. The duo represents a fusion of legacy automotive expertise with the company’s tech-driven approach to EVs.

Video streaming platform iQiyi is in talks to raise USD 300 million through a Hong Kong listing, joining a wave of US-listed Chinese firms moving closer to home amid renewed delisting risks under US audit laws. The <a href="/company/baidu">Baidu</a>-backed company has not confirmed a timeline or deal structure.

Chinese open-source <a href="/industry/ai">AI</a> models have reportedly gained traction on Hugging Face, led by Kimi-K2-Instruct with over 400,000 downloads in a month and a daily average of 16,000. DeepSeek-V3-0324 and R1-0528 also topped 15,000 daily downloads. All three models rank among the largest in scale, with parameter counts from 670 billion to one trillion.

<a href="/company/huawei">Huawei</a> has filed a new patent lawsuit against Transsion at the Unified Patent Court in Munich, accusing the smartphone maker of infringing a video image filtering patent. It is Huawei’s second case against Transsion, which is also facing a separate patent dispute with Qualcomm in India.

<a href="/company/xiaomi">Xiaomi</a> has reportedly integrated <a href="/company/sensetime">SenseTime’s</a> SenseChat platform into its <a href="https://kr-asia.com/xiaomi-steps-into-smart-eyewear-with-voice-enabled-glasses-built-for-everyday-use">AI glasses</a>, enabling real-time voice and video interaction with fast response, memory of past conversations, and improved noise filtering. The rollout signals deeper <a href="/industry/ai">AI</a> integration in wearables, with nearly 50,000 units sold in the first three days.

Container rates from China to the US have dropped nearly 60% after a brief surge driven by a tariff pause. With retailers already stocked up and factory orders declining, analysts expect weak demand through early 2026. Carriers are cutting capacity by skipping sailings or shifting vessels to intra-Asia routes.

Heytea has launched its first co-branding of the year with Japanese IP Chiikawa, ending an eight-month hiatus. Rolled out via <a href="/company/alibaba">Alibaba’s</a> Alifish, the campaign features returning drinks, themed visuals, and merchandise, tapping into the growing appeal of IP-based collaborations in China’s consumer market.

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Xpeng unveils redesigned P7 sedan

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