NIO gets $471 million in Chinese state-backed funds
NIO has signed an agreement for a combined RMB 3.3 billion ($471 million) investment in its China unit with three existing state-owned investors, the latest show of strong ties between…
CATL responds to fire at key battery plant: no casualties, minimal impact on operations
Chinese battery manufacturer CATL responded to a fire incident at one of its production facilities, where a fire broke out in an independent building within the Dongqiao plant at the…
Stellantis-backed Chinese automaker Leapmotor to deliver budget EVs in Europe
Electric vehicle maker Leapmotor will begin delivering its T03 compact car in September, followed by the availability of the larger C10 sports utility vehicle in October in Europe, a year…
Volkswagen, General Motors resume price war with steep price cuts in China
General Motors has fired off its latest salvo in a renewed price war in China with the launch on Saturday of its all-new Cadillac XT5 sports utility vehicle with a…
PSMC and Tata Electronics to build India’s first 12-inch wafer factory with $11 billion investment
Taiwan-based chip foundry Powerchip Semiconductor Manufacturing Corporation (PSMC) on Thursday signed a definitive agreement with Indian tech manufacturer Tata Electronics in New Delhi to assist in the construction of India’s…
Photo: Street life in Shekou, by Dietertimmerman
Street life in Shekou, by Dietertimmerman (CC BY 2.0)
Sympathy, Soul-Searching, and Censorship Follow Fatal Stabbing of Japanese Boy in Shenzhen
Amid state-media silence and Chinese Foreign Ministry insistence that two fatal anti-Japanese attacks in Shenzhen and Suzhou were “isolated incidents” that could happen in any country, Chinese bloggers, citizen journalists,…
Human Rights Watch Report Shows Decline of Academic Freedom in Hong Kong
New research documents the repressive effects of Hong Kong’s national security laws. This week, Human Rights Watch (HRW) published a report titled “We Can’t Write the Truth Anymore,” detailing the…
Chinese auto major SAIC, Changan launch new models, rivaling Tesla Model Y
Chinese automakers are escalating their battle with Tesla for a bigger share in the country’s electric vehicle market. As SAIC and Changan said on Thursday, they have benchmarked their new…
LG Display sells its Guangzhou LCD panel plant to TCL for $1.54 billion
On Thursday, South Korea’s LG Display said it approved the sale of its 8.5-gen LCD (liquid crystal display) panel production line and module factory in Guangzhou, China, to TCL’s LCD…