Tag: china

Porsche stays steadfast amid rise of startups

Detlev von Platen, a member of the executive board of Porsche for sales and marketing. [Photo/China Daily] Luxury is not something that comes quickly as it involves credibility, said a senior executive of German sports carmaker Porsche. “One word for defining luxury is credibility, which means ‘are you authentic to what you are saying’. This … Continue reading Porsche stays steadfast amid rise of startups

CATL unveils super-long range EV battery

A logo of CATL seen in Guangzhou, Guangdong province on Nov 24, 2023. [Photo/VCG] Contemporary Amperex Technology Co Ltd, the world’s largest vehicle battery maker, unveiled its upgraded fast-charging, super-long range electric vehicle battery at the 2024 Beijing International Automotive Exhibition on Thursday. The lithium iron phosphate battery (LFP), Shenxing Plus, is able to power … Continue reading CATL unveils super-long range EV battery

BMW set to invest more in Shenyang

BMW’s M4 displays at the 2024 Beijing auto show, April 27. [Photo/VCG] German automaker BMW Group’s latest plan to invest an additional 20 billion yuan ($2.76 billion) in its production base in Shenyang, the capital of Liaoning province, will boost its earnings potential and benefit upstream and downstream businesses in China, a renowned scholar said … Continue reading BMW set to invest more in Shenyang

Exhibition organizer heaps big praise on domestic companies

A staff member of Hangzhou Yushu Technology Co Ltd demonstrates a robotic dog at Hannover Messe 2024 in Hannover, Germany, April 22, 2024. [Photo/Xinhua] HANNOVER, Germany — Chinese companies “are more and more innovative”, the organizer of this year’s Hannover Messe told Xinhua News Agency, expressing his hope of expanding trade with China in the … Continue reading Exhibition organizer heaps big praise on domestic companies

Home appliance giant Midea reports 10% revenue increase in Q1

Midea’s booth at an expo held in Shenzhen, Guangdong province, April 25, 2024. [Photo/VCG] GUANGZHOU – Chinese home appliance giant Midea Group saw its revenue rise 10 percent year-on-year to 106.5 billion yuan ($14.99 billion) in the first quarter of 2024, the company said on Monday. It was its highest quarterly revenue since the second … Continue reading Home appliance giant Midea reports 10% revenue increase in Q1

China’s new energy products offer diverse choices for consumers

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. [Photo/VCG] BEIJING – Some Western politicians allege that China’s new energy products impact global economy. However, facts and figures prove such a narrative groundless and false. China’s export of new energy products has contributed much to global … Continue reading China’s new energy products offer diverse choices for consumers

China uses supercomputer for AI training amid US curbs on Nvidia chips

Visitors gather at the booth of the National SuperComputer Center in Tianjin in May 2023. [Photo provided to China Daily] China makes progress in leveraging supercomputers and domestic artificial intelligence chips for the training of AI large language models, as the country handles Washington’s restrictions on exporting the US company Nvidia’s most advanced AI chips … Continue reading China uses supercomputer for AI training amid US curbs on Nvidia chips

Feeling faster drive to green, smart and win-win future at Beijing auto show

People visit XPENG’s booth at 2024 Beijing International Automotive Exhibition on April 25. [Photo/VCG] BEIJING – Walking around the vast exhibition halls of the China International Exhibition Center in northeastern Beijing’s Shunyi district is an overwhelming experience: there are just so many dazzling cars that it’s hard for one’s eyes to take them all in. The … Continue reading Feeling faster drive to green, smart and win-win future at Beijing auto show

China publishes list of intelligent cars compliant with data security requirements, Tesla included

Visitors look at BYD’s electric vehicle “Sealion” during the 45th Bangkok Motor Show in Bangkok, Thailand, March 26, 2024. [Photo/VCG] BEIJING – A Chinese industrial association has published a list of 76 models of intelligent connected vehicles that meet the country’s auto data security requirements, including those from BYD and Tesla. The list was released … Continue reading China publishes list of intelligent cars compliant with data security requirements, Tesla included