China’s solar industry has suffered dramatic losses this year. Overcapacity and lower demand abroad have triggered a price war that is now taking its toll. Several industry leaders had to announce severe half-year losses at the beginning of September. Longi Green Energy Technology reported a net loss of 5.2 billion yuan (733 million US dollars) […]
According to a Belgian media report, EV manufacturer NIO is considering purchasing the Audi plant in Vorst near Brussels. A NIO delegation has visited the plant in recent weeks, writes the business newspaper De Tijd. The company is reportedly working on an offer that must be submitted to the Volkswagen Group by next Monday. VW […]
Despite Beijing’s criticism, the United States intends to keep a mobile medium-range missile system in the Philippines for the time being. Reuters reported, citing anonymous insiders, that the military of both countries is currently testing whether the system could be used in a regional conflict. The missile system, called Typhon, is currently stationed on the […]
China’s Minister of Commerce Wang Wentao is touring several European capitals and Brussels to discuss the EU’s additional tariffs on imported Chinese EVs. On Tuesday, he met with German Economy Minister Robert Habeck in Berlin. The central topic was “the issue of fair competitive conditions,” the Ministry announced afterward. This was “the core of the […]
BYD has acquired the remaining ten percent of Mercedes-Benz’s shares in the formerly jointly founded EV company Denza. According to Bloomberg, the BYD announcement did not specify the value of the transaction, and Mercedes-Benz representatives in China initially declined to comment. BYG and Mercedes founded the Denza car brand in 2011 under the company name […]
Following suspected fraud involving climate certificates, the German Environment Agency (UBA) plans to stop and reverse “all 45 suspicious China projects.” According to UBA President Dirk Messner, the projects are under “very strong suspicion of fraud.” He also suspects a veritable “shadow and parallel system” in which projects are registered on site that do not […]
German Environment Minister Steffi Lemke has announced at a hearing in the Bundestag’s Environment Committee that the projects involving climate certificate fraud in China will be reversed. Wherever possible under administrative law, the damage caused to the climate must be compensated, Lemke explained at a special session of the Bundestag’s Environment Committee on Wednesday, according […]
The Chinese Football Association (CFA) has banned 43 players and officials for life for match-fixing and illegal gambling. As reported by the German Press Agency, the convicted players include Chinese professional football players, former national team players such as Jin Jingdao, and one South Korean, Son Jun-ho. According to the Association, 17 other footballers and […]
According to a Bloomberg report, the EU will once again slightly lower the extra tariffs on EVs for some manufacturers. Based on new information provided by the companies, the tariffs will be revised downwards slightly, the news agency writes, citing anonymous sources. The special tariff rate for the US car manufacturer Tesla will be revised […]
The German frigate “Baden-Wuerttemberg” and its supply ship “Frankfurt am Main” will soon depart South Korea for the Philippines – and observers have been waiting days for a signal whether the two German naval vessels will cross the Taiwan Strait or choose the conflict-free route east of Taiwan. In an interview with Michael Radunski a […]