On Wednesday, the CEO of Daimler-BAIC’s joint venture’s stated, he views the Chinese auto market in 2020 as “moderately positive”; his assessment is based on its April sales performance in China. Daimler-BAIC’s CEO Arno van der Merwe made the comments during a visit to the Beijing Benz Automotive Co’s plant. He did not comment on…
In a statement the China Passenger Car Association (CPCA) said, in April Tesla Inc sold 3,635 China-made Model 3 vehicles in the country, down by 64% from March. Tesla’s sales in the first month of each quarter are usually lower than the remaining two months. During an online briefing, CPCA said Tesla had produced more…
In a statement Swiss drugmaker Roche stated, it has an emergency approval for an antibody test to check whether people have ever been infected with the coronavirus, from the U.S. Food and Drug Administration (FDA). The company is aiming to ramp up production by more than 100% for testing kits from the current 50 million…
In a statement Gilead Sciences Inc, the maker of the closely-watched experimental coronavirus drug remdesivir stated, it will continue to work with international partners to expand the production of its potential COVID-19 treatment. Gilead said, it expects to have more than one million remdesivir treatment courses manufactured by December, “with plans to be able to…
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…
In a significant development that underscores a growing trend of companies leaving China and relocating to neighboring countries, Samsung Electronics Co Ltd stated, it has stopped the production of mobile telephones in China. The permanent shuttering of Samsung’s last China phone factory comes in the wake of it cutting production volumes at its plant in…
On Wednesday, Taiwanese electronics manufacturing giant Foxconn stated, it will partner with U.S. firm Medtronic Plc to manufacture ventilators to help patients afflicted by the Wuhan coronavirus outbreak. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn is best known for assembling Apple’s iPhones at factories in China. Foxconn’s statement, released through the company’s…
In a statement, Honda Motor Co and Fiat Chrysler Automobiles NV said, they are hoping to restart auto production at their U.S. and Canadian facilities in May. Honda Motor which had halted auto production on March 23, 2020 said, it will extend the production halt through May 1. Fiat Chrysler said, it “intends to progressively…
On Tuesday, a spokeswoman from South Korean panel maker Samsung Display said, it has decided to stop the production for all of its of liquid crystal display (LCD) panels in South Korea and China by the end of 2020. In October, Samsung Display, a unit of Samsung Electronics Co Ltd, had said it would suspend…
In a statement Tesla Inc said, starting from March 24 it will suspend production at its California vehicle factory so as to comply with local orders aimed at curbing the spread of coronavirus. Tesla’s New York factory will also temporarily suspend production, while operations at its Nevada plant will continue. “Despite taking all known health…
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