In a statement China’s Sichuan Yahua Industrial Group Co Ltd stated, it has signed a deal to supply battery-grade lithium hydroxide to Tesla Inc for the next five years. According to a filing in the Shenzhen Stock Exchange, Yahua has placed the total value of the contract, signed by its wholly-owned subsidiary Yaan Lithium, at…
Rejecting a petition filed by China’s ZTE Corp, the Federal Communications Commission (FCC) stated, the Chinese company continues to be a national security threat to the United States’ communications networks. In June, the FCC had designated China;s Huawei Technologies Co and ZTE as threats to national security and had bared the duo from accessing U.S.…
According to the results of a survey by a subsidiary of courier giant DHL, despite the U.S.-China trade war rolling onto its 16th month and continuing to disrupt well established supply chains, more than a quarter of multinational firms have yet to make contingency plans. The survey by DHL Resilience360, a supply chain risk management…
The layoffs are expected to be in the hundreds and is likely to effect those in research positions in the company.
The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…
Along with the launch of its Kunpeng 920 chipset, Huawei has launched servers which will house the Kunpeng 920 chip. Incidentally, Huawei has a long term partnership with Intel. On Monday, in a significant development, China’s Huawei Technologies Co Ltd launched new server chips that is aimed at reducing its imports and reliance on U.S.…
With Dublin as its new European headquarters, Bank of America will operate through its branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich. On Monday, Bank of America stated, having received the necessary court and regulatory approvals, it has completed the shifting of its market and banking operation from London to Dublin. The…
The development comes in the wake of Geely, BAIC’s rival, seeking to tap Daimler’s technologies in the area of self-driving technology, battery technology and automated, autonomous vehicles. On Thursday, Stuttgart, Germany, headquartered Daimler AG stated it would deepen its collaboration with China’s BAIC Group in the area of new energy vehicles. Daimler stated it has…
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