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Industry

UBTech launches factory producing 1 humanoid robot every 10 minutes, targeting 10,000 a year

China\'s UBTech has started operating a smart factory capable of producing 1 humanoid robot every 10 minutes, aiming for annual capacity of 10,000 units. The facility in Liuzhou, Guangxi, makes the Walker S and Cruiser series and uses humanoid robots, autonomous vehicles and collaborative robots across production and logistics. Finished robots undergo more than four hours of testing and 360-degree inspection. UBTech also built an automated 3D warehouse.

Mobility

BYD unveils China\'s first in-house 4nm smart driving chip, supports Level 3 and Level 4

Chinese electric vehicle maker BYD has unveiled what it called China’s first self-developed 4-nanometre smart driving chip and started mass production. The chip, Xuanji A3, is designed in-house and supports Level 3 and Level 4 autonomous driving, CEO Wang Chuanfu said. BYD also highlighted integration of its God’s Eye ADAS, Xuanji architecture and algorithms, saying it doubled computing efficiency and can exceed 2,100 TOPS when running three chips.

Finance

Naver raises 1.62 trillion won with simultaneous dollar and euro green bond issue

Naver said on Tuesday it issued global green bonds simultaneously in U.S. dollars and euros. The offering comprised a $500 million five-year bond and a 500 million euro seven-year bond, totalling $1.1 billion, or about 1.62 trillion won. It secured more than $10 billion of orders from 437 investors. The dollar bond priced at 4.375 percent and the euro bond at 3.750 percent. Proceeds will be used for eco-friendly data centres and energy-efficiency projects.