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May 13 (Yonhap) -- Hyundai Motor Group announced on Wednesday that it will join an autonomous vehicle demonstration project led by the Gwangju city government in southwestern South Korea to test and advance its mobility solutions. Hyundai Motor and Kia Motors signed a memorandum of understanding in Gwangju with the Ministry of Land, Infrastructure and Transport, the Gwangju city government, and mobility startups including Autonomous A2Z and Ride Flux. Under the agreement, the two automakers will develop approximately 200 autonomous vehicles based on the Ioniq 5 electric car and operate autonomous mobility services in Gwangju, including vehicle dispatching and fleet control operations.On May 13th, at the opening ceremony of the Create2026 Baidu AI Developer Conference, Baidu founder Robin Li proposed that the metric for the AI era might be "Daily Active Agents" (DAA), corresponding to the most commonly used metric in the mobile internet, "Daily Active Users" (DAU). Li stated that the current metric closest to industry consensus is token consumption, but tokens dont necessarily represent the end result; they represent costs, not returns; they measure input, not output. "When humanity enters the era of intelligent agents, to measure the prosperity of a platform and ecosystem, we should focus more on the DAA metric, on how many agents are working for humanity and delivering results. This is closer to value and closer to the essence than pointless token consumption."According to Yonhap News Agency, Hyundai Motor Group will test AI-powered autonomous vehicles in Gwangju.The Hang Seng Tech Index fell by more than 1%, while the Hang Seng Index fell by 0.2%.Most Hong Kong-listed film and entertainment stocks fell, with NetEase (09999.HK) down more than 5%, and Tencent Music (01698.HK) and Huanxi Media (01003.HK) down more than 4%.

Tesla drops Model 3, Model Y base prices by up to 9% in China

Aria Thomas

Oct 24, 2022 14:08

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According to advertisements on the company's Chinese website on Monday, Tesla (NASDAQ:TSLA) has dropped the beginning costs of its Model 3 and Model Y vehicles in China by as much as 9 percent.


The base price of the Model 3 car was dropped from 279,900 yuan to 265,900 yuan ($36,727.03), while the base price of the Model Y SUV was reduced from 316,900 yuan to 288,900 yuan.


According to Reuters, Tesla has been modifying prices in accordance with expenses. It was reported that capacity utilization at its Shanghai Gigafactory has increased, but the supply chain has remained consistent, leading in lower costs.


This is Tesla's first price cut in China in 2022; earlier in the year, the company raised prices on two models due to rising raw material costs. In September, Tesla began giving insurance benefits to consumers in an effort to encourage future purchases.


Reuters previously reported that Tesla has modernized its Shanghai factory to produce 22,000 Model 3 and Model Y vehicles each week.


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