China Resources

China Dominates EV Production, Redefining the Industry 

China has emerged as a powerhouse in electric vehicle (EV) production, reshaping the landscape of the automotive industry. Through strategic planning, investments, and a forward-thinking approach, China has successfully positioned itself at the forefront of the global EV revolution, leaving an indelible mark on sustainable transportation.  Unwavering Commitment to Clean Energy:  China’s dominance in EV […]

Huawei-Backed Aito Cuts Prices in China, Following Tesla

Chinese automaker Seres Group has cut starting prices for its Aito electric cars by 30,000 yuan ($4,460) from Friday, following price cuts by Tesla last week and fuelling expectations of a wider price war. The Aito M5 and M7 electric sports-utility vehicles, which were co-developed by the Chongqing automaker with China’s tech giant Huawei Technologies […]

China Acquires ‘Golden Shares’ in Two Alibaba Units

China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd, business registration records showed, as Beijing extends a campaign to strengthen control over online content. Beijing has been taking ‘golden shares’ in private online media and content companies for more than five years, and in recent […]

Oil Rises over 1% On China Demand Hopes, U.S. Inflation in Focus

Oil rose more than 1 percent on Thursday supported by optimism over China’s demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel […]

China Has a 10,000 Euro Cost Advantage in Small EVS, Auto Supplier Says

Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put pressure on European manufacturers in their home market, the head of auto supplier Forvia said. As European consumers seek cheap EVs, Forvia Chief Executive Patrick Koller told the CES convention in Las […]

Tsmc Starts Volume Production of Most Advanced Chips in Taiwan

Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world’s largest contract chipmaker’s investment plans […]

State Department Launches ‘China House’ amid Rivalry with Beijing

The U.S. State Department on Friday launched its long-planned “China House” unit, an internal reorganization to help expand and sharpen its policymaking toward its top geopolitical rival. Secretary of State Antony Blinken in May announced the creation of China House, calling it a department-wide, integrated team that would coordinate and implement U.S. policy across issues […]