CATL is planning a new EV battery factory in Shanghai, Reuters reported, citing two sources. The Shanghai site would put the world’s largest battery maker closer in location to Tesla’s Gigafactory 3. CATL has been supplying batteries to the US company since last year. CATL aims to become the California-based automaker’s largest battery supplier in […]
In the hectic and politically tidy capital of China, nothing reminds us of the images and events of the night of June 4, 1989. 32 years ago today, the state authorities in Beijing took action against their own population with tanks and machine guns and bloodily shot down the protests of students and citizens.Johnny Erling’s […]
Sales of new energy vehicles (NEV) in China surged nearly 250 percent year-on-year in the first four months of this year, according to data from the China Association of Automobile Manufacturers. At the same time, the figures should be taken with a grain of salt, as the Covid pandemic skewed sales figures in the comparable […]
Prosecutors in Hong Kong have cited contact with international journalists as a reason to reject a bail application by politician Claudia Mo. She must now remain in prison for the time being. Mo had made critical comments to journalists in private WhatsApp chats about the new National Security Law and restrictive measures taken by the […]
Electricity suppliers in the industrial powerhouse of Guangdong have urged factories to reduce their power consumption, saying immense consumption and high temperatures are putting too much strain on the region’s power system. Seventeen cities in the province have imposed restrictions on electricity consumption, according to the Caixin business portal. Factories will be closed for three […]
The EU-China Investment Agreement (CAI) was supposed to open up the Chinese market and restrict onerous practices such as technology transfer. Now the agreement is on hold for the time being. And that could have far-reaching consequences for European companies in the near future. Felix Lee spoke about this with Liu Wan-Hsin. The economist at […]
In a new forecast, the United Nations (UN) issued an urgent warning about the consequences of climate change and the rise in temperature. In one of the next five years, the value of 1.5 degrees above the pre-industrial level could be reached. The international community had actually aimed to limit the temperature rise to well […]
They’d better not be scared of heights! Technicians check high-voltage power lines in Zhoushan, East China’s Zhejiang province.
Goldman Sachs received approval from Chinese regulators to set up a joint venture for asset management. Goldman Sachs Asset Management will own 51 percent of the joint venture. The joint venture partner will be the Industrial & Commercial Bank of China, the world’s largest bank by assets.The asset management market segment in China is growing […]
Huawei will launch its own smartphone operating system, HarmonyOS, on June 2. The launch of HarmonyOS is seen as an important step in reducing Huawei’s dependence on Google’s Android OS. US sanctions dating back to 2019 prohibit Google from providing technical support and updates for new Huawei models.The US sanctions also prevent access to critical […]