On Monday, Silk EV, a little-known U.S.-based engineering and design firm disclosed it plans on investing $1.41 billion (10 billion yuan) in order to make sports cars with China’s FAW Group under the Hongqi brand, the brand of choice for China’s late revolutionary leader Chairman Mao Zedong. Silk EV has signed a memorandum of understanding…
Following Twitter and Facebook taking action against Chinese state-backed efforts aimed at discrediting the Hong Kong protests, YouTube has followed on their footsteps. Following Twitter and Facebook dismantling influence campaigns originating from mainland China aimed at disrupting the ongoing Hong Kong protests, Alphabet Inc’s Google also said, its YouTube video streaming service has disabled 210…
The SCG won the bid to build Tesla’s Shanghai Gigafactory which took place in December 2018. On Thursday, China’s state-owned Shanghai Construction Group (SCG) is slated to build the first phase of Tesla’s Gigafactory in Shanghai, reported the Shanghai Observer. SCG’s vice-president, Xu Jiandong was quoted by the Shanghai Observer as saying it would fully…
This is the second such setback for Microsoft in China. Microsoft’s search engine Bing has become the latest foreign technology service to be closed down by Chinese authorities. As per Microsoft’s statement, its Bing search engine has been blocked in China. “We’ve confirmed that Bing is currently inaccessible in China and are engaged to determine…
With China’s communist party’s leadership not bringing forth bold policies vis-à-vis electric vehicles has forced Ford to take a more cautious approach to the electric and hybrid-plugin car market in China. Despite a headlong plunge into the plugin-hybrid and electric vehicle markets by carmakers, Ford Motor Co has stated it prefers a more tepid approach…
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