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Tesla's China rival Zeekr to roll out advanced driver assistance-system for free
CNBC· 2025-03-18 11:35
Core Insights - Zeekr, a Chinese electric vehicle company, is launching advanced driver-assistance capabilities for free to local customers as competition intensifies in the market [1][4] - The new technology allows for nearly autonomous driving between pre-set destinations, contingent on drivers keeping their hands on the steering wheel and regulatory approval, which is becoming more common in major Chinese cities [2] - This move comes as Tesla also attempts to attract buyers in China with its own driver-assistance system, Full Self Driving, and has recently offered some users the system for free until April 16 [3] Company Strategy - CEO Andy An emphasized that subscriptions for driver-assistance features are not currently significant, indicating that Zeekr must enhance its offerings to compete with market leaders [4] - The company aims to close the gap in driver-assistance technology and establish itself as a top player in the electric vehicle market, acknowledging the need to incur costs for this purpose [4] - Zeekr's driver-assistance system will initially be rolled out to a pilot group before a public release in April [3]
DeepSeek Fuels China's Tech Resurgence: 3 Stocks Worth Watching
ZACKS· 2025-02-28 21:02
Industry Overview - China's technology landscape in 2025 is characterized by significant advancements across various sectors, positioning the nation as a global technology powerhouse with major players like Tencent, Alibaba, Baidu, JD.com, and PDD Holdings investing heavily in AI and emerging technologies [1] - The semiconductor sector is making strategic advances, holding over 25% of the global market share in semiconductor packaging and more than 50% in advanced packaging, despite not leading in cutting-edge chip fabrication [3] - Robotics innovations are showcased at CES 2025, with companies like Unitree Robotics demonstrating advanced humanoid and quadrupedal robots, while electric vehicles are highlighted by firms like Zeekr and Great Wall Motor [4] - Augmented reality is gaining traction, with companies like Xreal and Rokid presenting innovative AR solutions, reflecting China's comprehensive approach to technological innovation [5] Company Highlights - DeepSeek, an AI startup, has accelerated the release of its R2 model, promising improved coding capabilities and multilingual reasoning at a lower cost compared to Western competitors [2] - Tencent has unveiled its Hunyuan Turbo S model, which delivers responses within a second and matches the capabilities of competitors like DeepSeek, positioning itself to capture substantial market share in the AI sector [7][8] - Alibaba is investing $53 billion in cloud and AI infrastructure over the next three years, aiming to democratize AI technology with the upcoming release of its QwQ-Max model and open-sourcing initiatives [10][11] - Baidu is focusing on autonomous driving through a partnership with CATL to develop competitive driverless vehicles and plans to launch its upgraded Ernie 4.5 AI model, which will also be made open source [12][13][14]