An investor in Shanghai checks stock index movements on a mobile phone. [PHOTO by WANG GANG/FOR CHINA DAILY] BEIJING — Companies listed on China’s “new third board,” a financing platform for small and medium-sized enterprises (SMEs), have accelerated their innovation drive, with more firms upgraded to the board’s innovation layer. The National Equities Exchange and … Continue reading China’s ‘new third board’ companies speed up innovation drive
Author: fengjun
Mars and FAW-Volkswagen inject fresh investment in Tianjin
A glance at a production line of FAW-Volkswagen in Tianjin. [Photo provided to chinadaily.com.cn] A substantial surge in foreign investment in the coastal city of Tianjin reflects the confidence of multinational corporations in investing in China. On May 15, US-based pet food company Mars and the Sino-German joint venture FAW-Volkswagen announced new capital injections of … Continue reading Mars and FAW-Volkswagen inject fresh investment in Tianjin
China’s major offshore PV project begins construction
This photo taken on May 19, 2023 shows a crawler crane lifting the circular belt of the reactor dome of the Tianwan nuclear power plant Unit 7 in East China’s Jiangsu province. [China National Nuclear Corporation/Handout via Xinhua] BEIJING — Construction of China’s major offshore photovoltaic (PV) project began on Sunday in Lianyungang, located in … Continue reading China’s major offshore PV project begins construction
Labeling China’s NEV exports as result of overcapacity can’t hold water: officials
A cargo ship is ready to load cars for export at Yantai Port in Shandong province on March 14. [TANG KE/FOR CHINA DAILY] BEIJING — While certain Western nations portrayed China’s increasing exports of new energy vehicles (NEVs) as the result of domestic overcapacity, several Chinese officials refuted this narrative, asserting that export-based reasoning cannot … Continue reading Labeling China’s NEV exports as result of overcapacity can’t hold water: officials
Global demand for NEVs far exceeds current production capacity: Chinese official
This photo taken on April 24, 2024 shows a new energy vehicle (NEV) assembly line of BYD, China’s leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China’s Henan province. [Photo/Xinhua] BEIJING — The global demand for new energy vehicles (NEVs) far exceeds current production capacity, said He Hailin, an official with the … Continue reading Global demand for NEVs far exceeds current production capacity: Chinese official
China’s new energy vehicles boast global competitive edges: officials
A consumer learns about Xiaomi’s new energy vehicle model SU7 at a retail shop in Beijing, capital of China, March 28, 2024. [Photo/Xinhua] BEIJING — China’s new energy vehicles (NEVs) boast global competitive advantages, thanks to technological breakthroughs, well-developed industrial chains, and an open and innovative industry ecosystem, officials said. Chinese automakers account for four … Continue reading China’s new energy vehicles boast global competitive edges: officials
SAS Institute to expand market presence in China
Participants exchange views at a technology event organized by SAS Institute Inc in Las Vegas, the United States, in late April. [Photo/China Daily] Solutions for service-related biz and pharma industry likely to be in focus SAS Institute Inc, a US-based multinational developer of analytics and artificial intelligence software, will increase investments in strategic and emerging … Continue reading SAS Institute to expand market presence in China
Pakistani businessman: China is the future
Habib-Ur-Rehman, a Pakistani businessman, has been running a Pakistani handicraft business in Shanghai for the past 16 years. His family business started with his grandfather, but the connection with China began when his father came to China in 2003 and explored the Chinese market. His two brothers are now also involved. He says there are … Continue reading Pakistani businessman: China is the future
Nio to enter volume car market with ONVO brand
Nio’s 500,000th vehicle rolls off the assembly line in Hefei, Anhui province, on May 9, 2024. [Photo provided to chinadaily.com.cn] Chinese EV startup Nio said on Thursday that it is to unveil a new brand next week to join the frays in the competitive volume car segment. The brand, called ONVO, will be launched on … Continue reading Nio to enter volume car market with ONVO brand
Artificial intelligence firm claims advances in sight
Kai-Fu Lee, founder and CEO of artificial intelligence startup 01.AI and former president of Google China. [Provided to chinadaily.com.cn] Serial technology entrepreneur Kai-Fu Lee said on Monday that the next generation of large models from his artificial intelligence startup 01.AI is expected to challenge the performance of GPT-5 of the US-based, Microsoft-backed Open-AI. Lee also … Continue reading Artificial intelligence firm claims advances in sight