A vehicle is assembled at a BMW smart production line in Shenyang, Liaoning province, in February. [Photo/chinadaily.com.cn] German automaker BMW Group announced its plans to invest an additional 20 billion yuan ($3.12 billion) into its production base in Shenyang, Northeast China’s Liaoning province on Friday. “The new investment underlines not only our confidence in China’s … Continue reading BMW further expands investment in Shenyang, China
Tag: province
CATL launches battery with maximum range 1,000 km
A logo of CATL seen in Guangzhou, Guangdong province on Nov 24, 2023. [Photo/VCG] China’s Contemporary Amperex Technology Co (CATL) unveils the new passenger vehicle battery, “Shenxing Plus,” at the 2024 Beijing International Automotive Exhibition, ThePaper reported on Thursday. The “Shenxing Plus” battery, based on lithium iron phosphate materials, boasts endurance mileage exceeding 1,000 kilometers, … Continue reading CATL launches battery with maximum range 1,000 km
Liaoning praised for its business investment environment
Ahn Tae Min, the chairman of CJ (Shenyang) Biotech Co, a subsidiary of South Korean conglomerate CJ Group, recently expressed confidence in the advantageous investment climate of the city, and Liaoning province generally, pointing to the company’s rapid growth there in recent years. He also reiterated his strong belief in the greater Chinese market. CJ … Continue reading Liaoning praised for its business investment environment
Lithium battery factory to launch over 12th Energy Storage International Conference and Expo
Visitors check out a battery at a Contemporary Amperex Technology facility in Ningde, Fujian province. [ZHU XINGXIN/CHINA DAILY] Lithium battery maker Ampace, a joint venture of Contemporary Amperex Technology Co Ltd, the world’s largest electric vehicle battery maker, and Amperex Technology Limited, a leading producer of lithium-ion batteries, launched on Thursday its latest power storage … Continue reading Lithium battery factory to launch over 12th Energy Storage International Conference and Expo
Foreign exchange reserves reach highest in 2 yrs
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] China’s foreign exchange reserves reached the highest level in more than two years, standing at $3.2457 trillion as of the end of March, while gold reserves increased for the 17th consecutive month, the State Administration … Continue reading Foreign exchange reserves reach highest in 2 yrs
Xiaoguancha prepares to take over the international stage
Du Guoying, founder and chairman of Xiaoguancha, gives an interview in Boao, South China’s Hainan province in March. [Photo provided to chinadaily.com.cn] Chinese high-end tea brand Xiaoguancha is seeking to refresh the domestic and international markets through leveraging research and development to drive tea quality and digitalization, said Du Guoying, founder and chairman of Xiaoguancha. … Continue reading Xiaoguancha prepares to take over the international stage
Ecarx unveils new smart car technology
Ecarx showcase cars featuring its technology on March 20 in Hangzhou, Zhejiang province. [Cao Yingying/China Daily] Nasdaq-listed chipmaker Ecarx revealed a suite of technological products and platforms at its second Tech Day on Wednesday in Hangzhou, Zhejiang province, aiming to assist automakers in producing more smart vehicles and support Chinese automakers in expanding overseas. The … Continue reading Ecarx unveils new smart car technology
Chinese billionaire Wang Jianlin’s restructured company attracts $8.3b new investment
Customers visit a Wanda Plaza in Xiamen, East China’s Fujian province. [Photo by Zhou Daoxian/For China Daily] Chinese billionaire Wang Jianlin’s restructured company Xindameng attracted a new investment of about 60 billion yuan ($8.3 billion) on Saturday, marking the largest single investment in the Chinese private equity market in five years. Investors, which include private … Continue reading Chinese billionaire Wang Jianlin’s restructured company attracts $8.3b new investment