Ferdinando Sorrentino is to become the new head of automotive supplier SEG Automotive, based in Stuttgart, Germany. Sorrentino succeeds Peter Sokol and Frank-Lorenz Dietz, who have left the company. He is to increase the market presence in China.Daniel Zhang Yong has resigned from the supervisory board of Weibo. The CEO of Alibaba Group Holding had […]
More than half of all children of migrant workers of school age in China live separated from their parents. This is the result of a report by the Chinese aid organization New Citizen Program, quoted by the business portal Caixin. Among 6 to 14-year-old children of migrant workers, 26.7 million grow up without a mother […]
Volkswagen has temporarily shut down its plant in Tianjin because of a Covid outbreak among its workforce. The car factory in northern China, located about 100 kilometers from the capital Beijing, had already suspended operations earlier in the week after employees contracted the virus, a spokesman said Thursday. On Wednesday, 41 cases of domestically transmitted […]
Last year, 2.9 million battery-electric vehicles were sold in China, including 2.73 million passenger cars. That marks a 160 percent increase over the previous year, according to new data from the China Association of Automobile Manufacturers. Plug-in hybrid sales doubled to 600,000 units. A total of 26.3 million vehicles were sold in the People’s Republic […]
China plans to build a total of 6.5 million affordable rental apartments in 40 major cities by 2025. The Ministry of Housing and Urban-Rural Construction made the announcement on Tuesday. These apartments are expected to account for about a quarter of all new housing in the cities in question and benefit 13 million young people […]
Michael Mueller, the former governing mayor of Berlin, will report on China, Japan and the Middle East in the SPD Foreign Affairs Working Group. The assignments were decided Wednesday in the party’s working group.Wu Junli becomes the new president of Chinaoil, a unit of PetroChina responsible for oil and gas trading. Previously, Wu was PetroChina’s […]
China is investing billions in new factories for the production of polysilicon, the base material for solar panels. According to market analysts, polysilicon prices will remain high until the summer. By 2023, however, they could drop “to a historic low,” Bloomberg quotes one expert as saying. According to the report, the supply of solar modules […]
China is often criticized as one of the biggest climate sinners. And rightly so. And yet that is only one side of the coin. We have taken a look at the dark other side and show what dramatic consequences the People’s Republic is facing in the face of climate change : China is at risk […]
Javid Qaem, Afghanistan’s ambassador to China, has resigned after not receiving a salary for the past six months. The Afghan embassy located at its key partner China is now down to one employee, Bloomberg reports. Qaem was part of the Islamic Republic’s government, which was overthrown by the Taliban.Roland Palmer becomes Alibaba’s new General Manager […]
This year will not be an easy one for the automotive industry either. Felix Lee spoke with automotive expert Stefan Bratzel about the challenges the sector is facing. In China, the competition from newcomers such as NIO and Xpeng is now stronger and more numerous than in Europe. Bratzel has identified various deficiencies among German […]