Ouyang Minggao, an academician of the Chinese Academy of Sciences, speaks at the 2024 World Power Battery Conference in Yibin, Sichuan province, on Sept 1. [Photo provided to chinadaily.com.cn] China’s lithium-ion battery industry is expected to see its production exceed 1 billion kilowatt-hours this year, said Ouyang Minggao, an academician at the Chinese Academy of … Continue reading Huge chance for China’s battery market to grow, says expert
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China Railway Resources to hike investments in DRC
As collaboration between China and African countries presents vast opportunities, China Railway Resources Group is planning to strengthen cooperation with partners in the Democratic Republic of Congo (DRC), a senior company executive said. “We will continue to leverage our advantages, technology and management to boost mutual development, engage in broader and deeper cooperation with companies … Continue reading China Railway Resources to hike investments in DRC
Slow EV sales to bring European carmakers heavy fines
Vehicle makers in Europe could face fines of 15 billion euros ($17.4 billion) for carbon emissions as they are selling too few electric vehicles, Renault CEO Luca de Meo said on Saturday. Luca, who is also president of the European Automobile Manufacturers Association, made the remarks in an interview with France Inter radio. The EU’s … Continue reading Slow EV sales to bring European carmakers heavy fines
Large-scale construction begins for largest pumped storage power station
The largest pumped storage power station in terms of capacity in East China has entered the full-scale construction phase. [Photo provided to chinadaily.com.cn] The largest pumped storage power station in terms of capacity in East China has entered the full-scale construction phase and is scheduled to begin generating power before 2030, said its operator, GCL … Continue reading Large-scale construction begins for largest pumped storage power station
German firms make beeline for China market
NANJING/BERLIN — Philipp Kortum, chief financial officer of TUV Rheinland, a renowned German testing and certification services provider, was astounded by the swift completion of its Phase II laboratory in Taicang, a county-level city in East China’s Jiangsu province. Completed six months ahead of schedule, the Yangtze River Delta Operation Hub in Taicang, now TUV … Continue reading German firms make beeline for China market
China’s largest oil field achieves historic milestone
Changqing oilfield, China’s largest oil-and-gas field, achieved a historic milestone recently by producing a cumulative total of 1 billion metric tons of oil and gas equivalent, according to PetroChina Changqing Oilfield Company. Last year, it became the first oilfield in China to pass the 60-million-ton mark in annual oil and gas output, a landmark in … Continue reading China’s largest oil field achieves historic milestone
Anta Sports sees increase in revenue
Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn] The country’s leading sportswear producer Anta Sports Products reported a 13.8 percent year-on-year increase in revenue to 33.74 billion yuan ($4.73 billion) in the first six months of this year. According to the company’s interim report for 2024, its main brand, Anta, saw a 13.5 … Continue reading Anta Sports sees increase in revenue
CNOOC sees net production up 9.3% in H1
CNOOC booth at an expo held in Shanghai on June 9, 2021. [Photo/VCG] CNOOC Limited made solid progress in reserves and production growth during the first half this year, with net production up by 9.3 percent year-on-year, the company said on Wednesday. With the steady progress of technological innovation and green development, the company made … Continue reading CNOOC sees net production up 9.3% in H1
Geely’s H1 revenue hits record high
The Geely logo is seen on a rim at a car dealership in Shanghai, on Aug 17, 2021. [Photo/Agencies] Geely Automobile Holdings saw its operating revenue hit a record 107.3 billion yuan ($15.05 billion) in the first half this year, soaring 46.6 percent year-on-year, said the Hong Kong-listed carmaker on Wednesday. The Chinese conglomerate delivered … Continue reading Geely’s H1 revenue hits record high
LEGO posts strong H1 performance
The LEGO Group continues to invest in its retail experiences and has opened many retail stores in China. [Photo provided to chinadaily.com.cn] Global toy giant LEGO Group has posted robust financial results for the first half of 2024, achieving double-digit revenue growth that outpaced the overall toy industry and reaffirmed its continued efforts to invest … Continue reading LEGO posts strong H1 performance