Latest news with #ChineseMarket
South China Morning Post
5 days ago
- Business
- South China Morning Post
Nvidia ‘considering' new AI chip for China but rules out Hopper series due to US export ban
Nvidia said a new artificial intelligence (AI) chip for the Chinese market is not ready although it is considering such a plan, as US export controls continue to cloud the outlook for the tech giant in the world's second largest economy. Advertisement 'The key is to understand the limits and see if we can come up with interesting products that could continue to serve the Chinese market,' Nvidia founder and CEO Jensen Huang, 62, said during the company's post-earnings call on Wednesday. 'We don't have anything [to announce] at the moment, but we're considering it,' he said. The remarks come as the world's most valuable chip company is grappling with the impact of surprise US-imposed export controls on its H20 chips, which were tailor-made for Chinese customers, who relied on them for developing and training their AI models. After Nvidia revealed the H20 ban in mid April, Huang has repeatedly signalled the importance the company places on the Chinese market. Advertisement The Nvidia chief made a surprise visit to China right after the sales ban was announced, where he met senior Chinese officials and expressed his commitment to the market.
GSM Arena
5 days ago
- Business
- GSM Arena
Huawei nova Y73 announced with familiar looks and specs
A month ago, Huawei announced its Enjoy 80 smartphone for the Chinese market. The budget device is now listed on Huawei's global page as the nova Y73. It is identical in design and specs to the Enjoy 80 down to the two color options – Blue and Black. Huawei nova Y73 Nova Y73 features a 6.67-inch LCD with HD+ resolution, a 90Hz refresh rate and 1,000 nits peak brightness. There's an 8MP front-facing camera tucked inside the punch hole cutout, while the back houses a 50MP main shooter with f/1.8 aperture and an unspecified second auxiliary lens. Another thing that's not specified is the chipset inside the nova Y73. According to rumors, we're dealing with the Kirin 710A – a 14nm chip from 2018. That's paired with 8GB RAM and 128/256GB storage. Huawei also added a programmable Enjoy X Key on the left-hand side. Huawei's EMUI 12 covers the software while the battery comes in at 6,620mAh and supports up to 40W wired charging. Nova Y73 also brings IP64 ingress protection, NFC, a headphone jack and an IR port. Pricing and availability details are yet to be confirmed. Source
Zawya
6 days ago
- Automotive
- Zawya
China auto market price war stokes fears of industry shake-out
An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market. Shares of China's largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country's deepening price war. BYD's moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000. The BYD price cuts, along with other developments, signal a potential tipping point, where weaker players can no longer sustain deepening losses from the downward spiral on prices, said Tu Le, managing director of Sino Auto Insights, an advisory firm. 'This points to a bloodbath later this year,' he said. 'This could be the first domino that would finally put pressure on weaker players -- startups like Neta and Polestar -- that have been teetering.' On Friday, the chairman of Great Wall Motors, Wei Jianjun, warned that China's auto sector was in an unhealthy state, with pricing pressure hammering the bottom lines of car companies and suppliers. He even drew a parallel to Evergrande, the Chinese property developer that was liquidated last year after a major debt crisis. "Now, Evergrande in the automobile industry already exists, but it has not collapsed," he told Sina Finance in an interview. In another sign of stress in the market, Reuters reported that Chinese commerce regulators are examining a growing phenomenon that has also strained the industry: sales of 'used cars' that are essentially new cars with zero miles. The tactic is seen as a way for automakers and dealers to hit aggressive sales targets, a person familiar with the matter told Reuters. The Hong Kong-listed shares of BYD Co Ltd closed 8.6% lower on Monday, while Geely Auto fell 9.5%. Others, such as Nio and Leapmotor, closed between 3% and 8.5% lower. A slew of startup companies have piled into China's car market over the past decade, drawn by the burgeoning electric-vehicle sector. The market has grown crowded with cut-throat price competition and most companies sustaining heavy losses. Of the 169 automakers operating in China today, more than half have less than 0.1% market share, according to data from research firm Jato Dynamics. The crowded field is reminiscent of the U.S. auto sector in the early 20th century, when more than 100 companies vied with big players such as Ford, before the industry consolidated. Le said the price war has lasted roughly three years. Car makers once enjoyed a premium for advanced features such as driver-assistance systems that take control of steering and braking in certain situations, but now more have been offering these as part of the sticker price. Last week, China's state planner cautioned that competition in some industries was getting too heated, with some companies even selling their cars below cost, disrupting fair competition. On Friday, Wei, the Great Wall chairman, warned the prolonged price war was harming the automotive supply chain. Some suppliers are at risk of going under because of pressure from car companies to lower their prices, he said. "Some products have been reduced from 220,000 yuan to 120,000 yuan in the past few years,' he said, without naming companies. 'What kind of industrial products can be reduced by 100,000 yuan and still have quality assurance?' Still, predictions of consolidation in China's car market have gone on for years, but the field has only grown, said Michael Dunne, a consultant who closely follows the China auto industry. 'BYD's price cuts will drive out some of the weaker players,' he said. 'But for every casualty here comes a new Xiaomi or Huawei barreling into the arena." (Reporting by Norihiko Shirouzu; Editing by Mike Colias and David Gregorio)
Reuters
6 days ago
- Automotive
- Reuters
China auto market price war stokes fears of industry shake-out
May 27 (Reuters) - An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market. Shares of China's largest automakers sank Monday after Chinese electric-vehicle giant BYD < opens new tab> offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country's deepening price war. BYD's moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000. The BYD price cuts, along with other developments, signal a potential tipping point, where weaker players can no longer sustain deepening losses from the downward spiral on prices, said Tu Le, managing director of Sino Auto Insights, an advisory firm. 'This points to a bloodbath later this year,' he said. 'This could be the first domino that would finally put pressure on weaker players -- startups like Neta and Polestar -- that have been teetering.' On Friday, the chairman of Great Wall Motors, Wei Jianjun, warned that China's auto sector was in an unhealthy state, with pricing pressure hammering the bottom lines of car companies and suppliers. He even drew a parallel to Evergrande, the Chinese property developer that was liquidated last year after a major debt crisis. "Now, Evergrande in the automobile industry already exists, but it has not collapsed," he told Sina Finance in an interview. In another sign of stress in the market, Reuters reported that Chinese commerce regulators are examining a growing phenomenon that has also strained the industry: sales of 'used cars' that are essentially new cars with zero miles. The tactic is seen as a way for automakers and dealers to hit aggressive sales targets, a person familiar with the matter told Reuters. The Hong Kong-listed shares of BYD Co Ltd closed 8.6% lower on Monday, while Geely Auto < opens new tab> fell 9.5%. Others, such as Nio ( opens new tab and Leapmotor ( opens new tab, closed between 3% and 8.5% lower. A slew of startup companies have piled into China's car market over the past decade, drawn by the burgeoning electric-vehicle sector. The market has grown crowded with cut-throat price competition and most companies sustaining heavy losses. Of the 169 automakers operating in China today, more than half have less than 0.1% market share, according to data from research firm Jato Dynamics. The crowded field is reminiscent of the U.S. auto sector in the early 20th century, when more than 100 companies vied with big players such as Ford, before the industry consolidated. Le said the price war has lasted roughly three years. Car makers once enjoyed a premium for advanced features such as driver-assistance systems that take control of steering and braking in certain situations, but now more have been offering these as part of the sticker price. Last week, China's state planner cautioned that competition in some industries was getting too heated, with some companies even selling their cars below cost, disrupting fair competition. On Friday, Wei, the Great Wall < opens new tab> chairman, warned the prolonged price war was harming the automotive supply chain. Some suppliers are at risk of going under because of pressure from car companies to lower their prices, he said. "Some products have been reduced from 220,000 yuan to 120,000 yuan in the past few years,' he said, without naming companies. 'What kind of industrial products can be reduced by 100,000 yuan and still have quality assurance?' Still, predictions of consolidation in China's car market have gone on for years, but the field has only grown, said Michael Dunne, a consultant who closely follows the China auto industry. 'BYD's price cuts will drive out some of the weaker players,' he said. 'But for every casualty here comes a new Xiaomi or Huawei barreling into the arena."
Phone Arena
26-05-2025
- Business
- Phone Arena
iPhone claws back market share, tops charts in China after Apple makes an exception
For months now, the iPhone has been losing market share across the Chinese smartphone sphere. That is all in the past now, as Apple topped the charts this week and blasted past all competitors to take the crown, after making a few exceptions that we don't generally see from the company. Apple is known to almost never reduce the prices of its products. If you see a discount on an Apple device, it's likely from the store instead of the company. But after losing market share for so long, Apple introduced massive price cuts on the iPhone for Chinese consumers. This simple yet effective trick worked, and the masses rushed to buy the latest and greatest iPhone 16. According to a report, China saw over 520,000 iPhone 16 Pro models and over 320,000 iPhone 16 Pro Max models get activated in a single week. The iPhone rocketed to having over 21.5 percent market share during the week as well. Some users laughed at how easy it was for Apple to sway consumers, while others said that domestic brands would have to work even harder from now on. The iPhone 16 Pro is Apple's most powerful smartphone at the moment. | Video credit — Apple Apple had been seeing rapidly declining market share in China for a multitude of reasons. For starters, Apple Intelligence — the biggest selling point for the iPhone 16 series — is still not available in China. Another reason was the fact that domestic offerings from Huawei, Xiaomi, and others have brought a lot of value to the table in recent another cause of declining iPhone sales in China stemmed from current geopolitical tensions. U.S. President Donald Trump's promises of steep tariffs on imported Chinese goods made some consumers switch to local products in a show of patriotic support. Apple's current plans to move production out of China to skirt around tariffs has also been poorly received by the Chinese the Chinese government also provided Apple with subsidies in addition to the company lowering the costs of its products. This mutual collaboration has helped Apple regain a very strong foothold in the country, and might even factor into the company's negotiations with the current American administration about tariffs. I suppose cheaper price tags are really hard to beat, no matter how good the competition may be.
