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Alibaba launched its Qwen N1 and N1 Pro AI glasses in China on October 13, with standard packages priced from RMB 2,899 and RMB 3,399, respectively. Both models feature replaceable batteries in the temples, allowing users to swap batteries during use.
Chinese AI robot maker AGIBOT is nearing completion of a new funding round of approximately RMB 1 billion to RMB 1.5 billion, valuing the company at about RMB 50 billion, according to investors cited by Caijing. Founded in 2023, AGIBOT began preparing for a Hong Kong listing in July.
BYD launched its Da Han flagship electric sedan in China on October 13, with three variants priced from RMB 235,900 to RMB 275,900. The rear-wheel-drive versions offer a claimed range of 1,008 kilometers under China’s CLTC testing cycle, while the all-wheel-drive model is rated at 880 kilometers.
Chinese home-robot startup Ola Dimensions has completed an angel-plus funding round worth hundreds of millions of RMB, National Business Daily reported on October 12. New and existing investors participated, including Tuobang and Hony Capital.
Chinese AI infrastructure provider Infinigence AI has completed a RMB 2.3 billion Series C funding round, bringing its cumulative financing to RMB 4.3 billion, according to company materials provided on October 12.
Chinese AI sports-hardware company PONGBOT has completed a Series B funding round worth hundreds of millions of RMB, according to an October 11 announcement.
Dongguan-based tactile-sensor maker Matrix Innovation has raised tens of millions of RMB from investors including X Square Robot, Songshan Lake investment capital and returning investor XBOT PARK Fund, STAR Market Daily reported on October 10. Another embodied-AI company also participated.
The Chinese startup behind AI glasses brand NIMO has raised several hundred million yuan in angel funding, bringing its valuation to RMB 1.5 billion, according to an October 8 report. Investors include Gobi Partners, alongside other Chinese venture capital firms.
AITO opened presales for the updated M8 SUV on September 30, with prices starting at RMB 389,800 ($54,700). The new model comes with Huawei’s ADS 5 driver-assistance system and a vehicle architecture designed with future Level 3 automated driving in mind.
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