Francesco Blandino will take over responsibility for product strategy for NEV at Volkswagen China. His responsibilities also include product marketing. Blandino previously worked for Volkswagen China for three years as “Sales and Marketing Coordinator”.
Investment bank Goldman Sachs has cut its growth forecast for China for the current year from 8.2 to 7.8 percent, Reuters reports. Causes are cited as energy shortages(China.Table reported) and production cuts in industry. The power supply crisis has prompted companies in several parts of the country to cut production. Goldman Sachs estimates that as […]
China has long since ceased to be merely the global workbench. The People’s Republic is striving for global leadership in electric cars, IT, and many other high-tech fields. The promotion of innovation, research, and science is high on Beijing’s agenda. But scientists must not repeat the mistakes of corporate leaders, warns Almuth Wietholtz-Eisert of the […]
The National Development and Reform Commission (NDRC) has warned that high power and fertilizer prices could threaten food supplies in China, Bloomberg reports. The commission has called on authorities to ensure stable prices to guarantee fertilizer supplies for farmers. Usually, natural gas is the main feedstock for nitrogen producers. However, in China, the majority of […]
VW wants to build a new factory for battery systems at its site in Hefei. For the first time, the company will be the sole owner of a battery systems plant. The group made the announcement on Thursday. According to the announcement, production of 150,000 to 180,000 battery systems annually is expected to start in […]
Omid Nouripour doesn’t mince matters: Germany needs to show more strength in its relations with China, says the Green Party foreign policy expert. In the long run, dialogue alone simply won’t suffice. In his opinion, the political agreement to finalize the EU investment agreement with China (CAI) was signed too quickly – Berlin and Paris […]
Taiwan has submitted an application to join the Pacific trade alliance Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Bloomberg reported Wednesday, citing two sources. The membership application comes just days after China submitted its own application for membership (China.Table reported). Taiwan has been trying to enter the alliance for several years, Bloomberg writes. But […]
“China will not build new coal-fired power projects abroad.” Instead, the People’s Republic wants to “step up support for other developing countries in developing green and low carbon energy” – this was announced by President Xi Jinping in his speech to the UN General Assembly on Tuesday. Climate and energy experts see the announcement as […]
China wants to end the construction of new coal-fired power plants abroad. This may also mean the end of the financing of coal-fired power by Chinese development banks. It was an important step in the fight against climate change, as Beijing had invested billions in the sector. But the devil is in the details.“China will […]