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BYD will begin vehicle production at its new plant in Szeged, Hungary, in Q4 2026. Executive vice president Stella Li confirmed that equipment install…

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<a href="/company/byd">BYD</a> will begin vehicle production at its new plant in Szeged, Hungary, in Q4 2026. Executive vice president Stella Li confirmed that equipment installation is underway. The facility is BYD’s first passenger car factory in Europe, while the company has put its planned USD 1 billion factory in Turkey on hold.

<a href="/company/alibaba">Alibaba</a> announced a DingTalk leadership change on June 11, appointing Chen Yusen as CEO. Chen, a technology executive born in 1992, succeeds Chen Hang and becomes the youngest CEO of an Alibaba business unit.

TEMB Intelligent Technology reported YoY declines in Q1 2026 revenue and profit ahead of its upcoming IPO review. The automotive parts manufacturer plans to raise RMB 2.06 billion, despite distributing nearly RMB 600 million in dividends during the reporting period, including payments to its controlling shareholders.

<a href="/company/dji">DJI</a> could have reached ten times its current scale if founder Wang Tao had invested earlier in departing employees, according to developer Lin Yuan. Lin, who helped build DJI from a struggling startup into a global leader, attributed the company’s success to its uncompromising, R&amp;D-driven methodology.

<a href="/company/jd">JD.com</a> announced that its first JD Mall in Hong Kong will open in Wan Chai on June 18, marking its entry into the city’s physical retail market. The company plans to open another six to eight JD Mall locations in Hong Kong over the next three years.

Insta360 faces a valuation test as 227 million restricted shares, representing 56.5% of its total equity, became eligible for trading on June 11. The unlock follows the company’s one-year IPO anniversary. With early investors sitting on sizable paper gains, the market is watching for selling pressure as competition and production costs rise.

<a href="/company/catl">CATL</a> expects energy storage to account for half of its global sales by 2030, up from about 25% now, as demand for grid-scale batteries grows. The company said <a href="/industry/ev">EV</a> batteries still make up about three-quarters of sales, while storage demand is being driven by the need to support intermittent renewable power.

<a href="/company/pop-mart">Pop Mart</a> is pushing back against concerns that its international growth relies too heavily on Labubu. COO Si De said non-Labubu products accounted for about 50% of US revenue in 2025 and made up the majority of sales in Japan, South Korea, and Southeast Asia. The company aims to have more than 100 US stores in 2026.

Seer Robotics cleared its Hong Kong IPO hearing on June 7. Despite leading the global robot controller market by 2025 sales volume, the company posted a cumulative loss of RMB 137 million from 2023–2025. Its filings also point to risks from a low-price strategy, shrinking controller margins, and cash flow pressure.

<a href="/company/li-auto">Li Auto</a> said it has produced 140,000 units of its i6 SUV less than nine months after the model’s first delivery. The company said the vehicle has logged monthly deliveries of more than 20,000 units for three consecutive months, ranking it among the top three pure electric SUVs by sales.

Li Weimeng has reportedly stepped down as CMO of IM Motors. Li, who became the company’s first CMO in June 2024, may transition to an AI-focused role. The company has appointed a successor from within the SAIC Motor system.

ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

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The move gives the unit more independence while preserving support from its parent company.

ByteDance spins out drug discovery unit to test AI4S commercialization

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Li Auto develops electric vehicles that combine smart cockpit systems, advanced safety features, and long-distance battery support.

Nio, a Chinese electric car maker, specializes in high-performance EVs, battery-swapping solutions, and autonomous driving technologies.

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Li Auto, Nio, and Aito are pushing into the RMB 500,000 segment, each with a different answer to what high-end now means.

China’s electric SUV makers chase high-end buyers

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The chipmaker said it will not raise prices like "memory chip guys" amid the AI demand surge.

TSMC "not afraid of competition" as CEO wishes Elon Musk good luck on chips

TSMC &#8220;not afraid of competition&#8221; as CEO wishes Elon Musk good luck on chips

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BYD sets Hungary production for Q4 2026

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ByteDance spins out drug discovery unit to test AI4S commercialization

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