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Tesla intends to lift annual production capacity to 1 million units through the Shanghai factory's expansion, more than doubling over 480,000 vehicles made in the factory last year.
Bilibili's conversion came after China and US reached a landmark in late August, which paving the way to resolve an audit dispute that put more than 200 Chinese companies under risks of delisting from US.
However, Leapmotor and its peers are bracing more promising prospect in the near term. Earlier this week, China unveiled to extend the 10% purchase tax on new energy vehicles by a year.
The new extension came after China announced in late May to cut the 10% purchase tax levied on certain low-emission passenger vehicles by half in the second half of 2022.
While not giving details or identifying which maker became Xpeng's latest top battery supplier, Xpeng president said his company has worked with a couple of qualified partners, such as Eve Energy and CALB.
CATL was said last month to hold off its announcement about building battery plants in North America until September or October, given the concern of triggering more tensions between U.S. and China.
The report said Tencent is weighing to reduce more of its investment portfolio to fund buybacks and invest other fields including videogames and healthcare.
Shein is planning to open three major distribution centers in US, which can not only reduce the delivery time for customers by three to four days but bring about 3,000 new employees by 2025.
Leapmotor was said to reduce its IPO size for its original target is to raise US$1.5 billion and once held back the IPO two weeks ago after its initial briefing with potential investors amid the volatility of financial markets.
ByteDance also plans to extend its stock incentive program for another ten years, part of new efforts to retain and attract talents. It was previously said to reduce its stock option offering price by over 20%.
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