Li Auto Is China's First EV Startup to Hit Million-Car Mark, Powered …
(Yicai) Oct. 16 -- Li Auto has become the first Chinese new energy vehicle startup to produce one million cars, with the one-millionth vehicle rolling off the assembly line at its factory in Changzhou yesterday.
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China now has around 47,000 km of high-speed rail lines in operation, the National Railway Administration said today. The fixed-asset investment in the country's railway sector is expected to exceed CNY800 billion (USD111.3 billion) this year, according to …
New Petrochemicals Complex Starts Up in Shandong, Home of …
(Yicai) Sept. 26 -- Yulong Petrochemical’s new complex has begun operations in Shandong province, the cradle of China’s many so-called teapot refineries, marking a significant step in consolidating these small, privately-owned businesses into a large and cost-efficient facility.
Goodix Technology plans to acquire control of Yunyinggu, and …
The . mergers and acquisitions of the semiconductor sector have added another member. Fingerprint recognition chip manufacturer Goodix Technology Co., Ltd. (603160.HK) SH) recently announced that it intends to purchase the control of Yunyinggu Technology Co., Ltd. (hereinafter referred to as "Yunyinggu").
China-Laos Railway Extends Reach With Thailand Link, …
(Yicai) July 16 -- The linkage effects on China and the Association of Southeast Asian Nations of the China-Laos Railway, a landmark project in the Belt and Road Initiative, has deepened with Thailand's inclusion, creating a more convenient and faster rail corridor between the three nations.
China’s Horizon Robotics Seeks Up to USD695 Million in Hong …
(Yicai) Oct. 18 -- Horizon Robotics, a leading Chinese developer of self-driving technology, aims to raise as much as HKD5.4 billion (USD695 million) from its initial public offering in Hong Kong, which would make it the city’s biggest IPO so far this year.
CCF, Offshore Central Bank Bills Stabilize Chinese Yuan at Around …
(Yicai) Nov. 21 -- The gradual weakening of the Chinese yuan against the US dollar over the past two weeks has halted at around 7.25 this week thanks to the Counter-Cyclical Factor and more redback bill sales by China's central bank in Hong Kong.
Tire Giants Michelin, Bridgestone Adjust Chinese Business to Cope …
(Yicai) Nov. 25 -- International tire giants Michelin and Bridgestone have been adjusting their Chinese business in recent years to adapt to the fast-growing demand for new energy vehicles. "The changes in China's automotive market are huge," …
China’s Nio to Launch First Onvo SUV, Its Tesla Model Y Challenger
(Yicai) Sept. 19 -- Nio is poised to launch the first model produced under the Chinese electric vehicle startup’s second brand Onvo, throwing down the gauntlet to Tesla's Model Y, the world’s best-selling EV.
China’s New Private Economy Law Aims to Lift Confidence, Spur …
(Yicai) Oct. 11 -- The Chinese government has published a draft law to promote the long-term, healthy, and high-quality development of the private economy, with the aim of boosting investor confidence and driving innovation.