In response to market rumors that "Saidou" is a "Doubao auto brand" or that "ByteDance is making cars", ByteDance issued a statement clarifying that such claims are inaccurate. ByteDance has no plans to manufacture vehicles or launch an automotive brand.
ByteDance emphasized that Saidou is not an automotive brand launched by ByteDance or Doubao, and there is no equity cooperation between ByteDance and Saidou. Cooperation between Doubao, Volcengine and partners in the automotive industry mainly involves providing technical services such as the Doubao large language model and intelligent cockpit solutions, helping partners enhance in-vehicle intelligent interaction experiences.
Saidou Technology was renamed and reorganized from Landian Technology, a company held by SERES (09927.HK) -1.150 (-1.861%) Short selling $2.41M; Ratio 2.359% , and will focus on AI-driven automotive development going forward. Saidou Technology will hold a launch event tomorrow (9th) and is expected to officially unveil a new automobile brand. (HK stocks quote is delayed for at least 15 mins.
Short Selling Data as at 2026-06-05 16:25.)
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