Briefly

AR, VR product sales up 62% in Q1

Sales of augmented reality and virtual reality products on the Chinese mainland surged 62 percent year-on-year to 220,000 units in the first quarter, an industry report showed. Led by domestic manufacturers like PicoVR, iQiyi and DPVR, VR gear sales rose 31 percent over the same period last year, according to a report by research and consulting company CINNO Research. Sales of consumer-grade AR products were 17 times more than that in the year-earlier period, boosted by the growing popularity of AR glasses that can display projections from other screens, said the report. This type of AR glasses enables a large-screen experience at any place and any time, and shipments will potentially increase as the technologies evolve, said the CINNO report.

Power battery installed capacity surges in May

The installed capacity of power batteries rapidly expanded in May amid the sound development of China's new-energy vehicles market, industry data showed. During the period, the installed capacity of power batteries totaled 28.2 gigawatt-hours, increasing by 52.1 percent year-on-year, as per data from the China Association of Automobile Manufacturers. About 19.2 GWh of lithium iron phosphate batteries were installed in NEVs, surging 87.2 percent from a year earlier, and making up 67.8 percent of the monthly total.

Xinhua - China Daily