Volkswagen's $3.5B gamble: Can it win back share in the competitive Chinese marketVolkswagen is investing heavily in China, its biggest market. The German automaker has opened a massive research center in Hefei. This move...
Explainer: How Chinese entities are already using Nvidia's powerful H200 AI chipsChina's leading tech firms, universities, and defense entities are eager for Nvidia's H200 artificial intelligence chip. Domestic buyers ar...
The country that once limited babies is now paying for themChina birthrate: China plans to give cash to families to encourage childbirth. Each child will get 3,600 yuan yearly until age three, start...
Flying taxis take off in China: Two companies get licenses for pilotless passenger drones. Watch viral videoChina has approved the first autonomous flying taxis for commercial use. EHang Holdings and Hefei Hey Airlines received the approval from t...
Chinese AI firm iFlyTek eyes Europe expansion as US trade war heats upiFlyTek, with a market capitalisation of 123 billion Chinese yuan ($16.97 billion) based on LSEG data, currently sells in France and Hungar...
Chinese entities turn to Amazon cloud and its rivals to access high-end US chips, AIThe US government has restricted the export of high-end AI chips to China over the past two years, citing the need to limit the Chinese mil...
What China's EV city says about the state of the economyHefei, China, known for its ultramodern factories and thriving industries like electric vehicles and solar panels, is facing a decline in r...
Chinese auto giant BYD sells more electric vehicles than everBut BYD last year sold 1.6 million fully electric vehicles and another 1.4 million hybrids, which are powered by both batteries and gasolin...
China's EV threat: A carmaker that loses $35,000 a carChinese electric car company Nio, which competes with Tesla, employs 11,000 people in research and development but sells only 8,000 cars pe...
China's EV threat: A carmaker that loses $35,000 a carChinese electric car company Nio, which competes with Tesla, employs 11,000 people in R&D but only sells 8,000 cars per month. Despite heav...
Where is China investing? Communist leaders are becoming venture capitalistsChina’s local governments control land sales, receive profits from state-owned companies, and have close ties with state-owned banks. For d...
In China, global automakers seek clarity from a more ambitious regulatorChina is now coming to the forefront of EV regulation. That's a natural consequence of its sheer market size - it accounted for roughly 40%...
Volkswagen building new EV battery system factory in ChinaThe German automaker is building a factory for electric vehicles under a majority-owned venture with JAC in the Hefei city. It also holds a...
Volkswagen AG pumps 2 billion euros into China electric vehicle bet, buys stakes in 2 firmsVW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also...
Volkswagen in final talks to seal biggest M&A deals in China EV sector: SourcesThe firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yu...
What I read this week: Oil prices may touch $100 again; it's time we give RBI more powers to regulate PSBsRBI’s regulatory powers over PSBs are weaker than those over the private sector banks.
China developing world's smallest nuclear reactor for South China Sea islandsChina National Nuclear Cooperation had said that China plans to build 20 floating nuclear power to beef up the power and water supplies on ...