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
Tag: industrial
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
Technology innovation key to steady economic growth
Engineers operate the tunnel boring machine to begin construction of the Suzhou East Tunnel in Suzhou, Jiangsu province. LIU FUCHANG/FOR CHINA DAILY After China’s GDP grew 5.2 percent last year and 5.3 percent year-on-year in the first quarter, it is expected to continue to expand at a relatively high rate over the long run. Endowed … Continue reading Technology innovation key to steady economic growth
Advanced manufacturing magnet for foreign firms amid upgrades
Daimler trucks are displayed during the 6th China International Import Expo in Shanghai in November. PHOTO/CHINA DAILY BEIJING — China’s advanced manufacturing is attracting the attention of foreign-invested companies amid an innovation-led upgrade of the nation’s industrial chain. “We see booming innovations in areas including new energy vehicles, and connected and automated driving trucks in … Continue reading Advanced manufacturing magnet for foreign firms amid upgrades
China advances financial services for manufacturing industry
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate the advancement of new industrialization, according to a circular unveiled on Tuesday. The joint report published by the National Financial Regulatory Administration, the Ministry … Continue reading China advances financial services for manufacturing industry
Bullish on China biz, Michelin to expand production capacity
A Michelin employee (left) addresses visitor queries during the sixth China International Import Expo in Shanghai in November. CHINA DAILY Michelin Group will expand production capacity at its units in China to capitalize on potential growth opportunities, senior executives said, as the French tire and mobility company rides on the country’s efforts to cultivate new quality … Continue reading Bullish on China biz, Michelin to expand production capacity
Industrial IoT key to digital transition
The booth of Sichuan Changhong Electronics Holding Group Co Ltd is seen during an expo in Shanghai in April. [Photo/China Daily] More policy support is expected to address weaknesses in the development of the industrial internet of things (IIoT), with an emphasis on market-driven forces, product maturity and ecosystem construction, to boost the digital transition … Continue reading Industrial IoT key to digital transition
Experts call for more efforts in robotics
A Siasun employee conducts tests on a set of robotic arms at a production facility in Shenyang, Liaoning province, in August. [Photo/China Daily] China should use targeted measures to develop its robotics industry further, focusing on key areas such as cutting-edge foundational technologies, the localization of critical components and enhancing the performance of overall applications, … Continue reading Experts call for more efforts in robotics