Much like in the case of Apple’s iPhone which has the top player in the segment for years but is facing slagging sales with state-backed Chinese competitors beating it at the sales dept using unconventional methods, Tesla will have to tread carefully in China where it is facing state-backed rivals. Tesla has sent a team…
The move is likely to help China in its goal to expand its tech capability, manufacturing and distribution channels and better compete in the world stage. Toyota Motor Corp stated, it is in the midst of setting up a research institute in Beijing in partnership with Tsinghua University. The partnership will study uses of car…
If you were to go by designs showcased in Shanghai’s auto exhibition, future electric SUVs will sport ample floor space large enough to provide luxuries typically found in your living room. Concepts electric vehicle (EV) cars on display in Shanghai’s autoshow this week, including ones from the Audi AI:me and Infiniti QX Inspiration, underscore aspirations…
South Korea’s energy ministry aims to increase the share of green energy in the country’s energy mix by 4 times their current levels. Renewable energy sources form just 8% of Seoul’s current energy mix. On Friday, a draft revision of South Korea’s energy policy showed that Seoul aims to boost renewable energy sources from its…
China will subsidize wind energy generators that generate power for heating systems during winter at the local government level. On Friday, China said it would use wind energy in order to generate sufficient power for heating systems during bitterly cold winters. The development is aligned with China’s stated aim to slash carbon emissions from coal-burning…
The move is aligned with the Trump Administration’s policy on Beijing vis-a-vis semiconductors. On Friday, as per a report from The Information citing sources who are employees at a joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Huaxintong Semiconductor (HXT), the joint venture is set to close by the end of this month.…
Oil and crude giant ConocoPhillips is set to exit from the North Sea region after the company announced its agreement for sale of its oil and gas operations of the United Kingdom in a deal that is worth almost $2.7 billion. According to the deal, Chrysaor E&P, a company focused on producing oil and natural…
