OpenAI CEO Sam Altman has warned that export controls alone are not an effective strategy to curb China’s development of artificial intelligence (AI). He’s absolutely right. China’s rapid ascendancy in the global AI race is becoming increasingly evident, driven by its strategic focus on engineering, application-driven development and alignment with national policy. While the US…
For months, India has felt the squeeze of China’s export chokehold on rare earth magnets vital for EVs, fertilizers key to food security, and raw materials that keep pharma running. Automakers faced stalled assembly lines, farmers braced for higher costs, and drugmakers feared supply disruptions. Now, with Prime Minister Modi set to visit China for…
By Nora Eckert DETROIT (Reuters) -Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of Chinese rivals. The new midsize four-door pickup will be assembled…
Aggressive pricing, shrewd tax engineering and a trusted local partner have propelled China’s BYD to a commanding position in Sri Lanka’s electric vehicle and hybrid market, disrupting a sector long constrained by import restrictions and setting the stage for dramatic expansion. Sri Lanka’s car market, starved of new imports for nearly five years under a…
Chinese President Xi Jinping has publicly questioned the country’s rapid and widespread investment in artificial intelligence (AI), computing power, and new energy vehicles (NEVs). Speaking at a major political meeting in Beijing, Xi voiced concerns that the ongoing tech investment race across China’s provinces could be excessive and potentially unsustainable, especially as the nation grapples…
Chinese President Xi Jinping has bluntly questioned a nationwide rush of investment into the AI and EV industries. As anxiety grows and Trump’s trade war with China ramps up, the world’s second largest economy is turning to fast-growth tech industries to remain competitive. But Xi appears to think that the strategy is flawed. As reported…
The average cost of an electric vehicle (EV) licence in Hong Kong could increase by more than 500 per cent over the next five years, authorities have said, adding that they will raise the tolls at two tunnels by 60 per cent amid a significant budget deficit. The proposed measures announced by the Transport and…
A year since it began marketing EV-specific tyres for electric vans and taxis, British company Enso has launched its first tyres for passenger EVs – specifically, the Tesla Model 3 and Y and Jaguar I-Pace. There are currently more than 1.5 million electric cars on UK roads, and this year car makers expect to sell a…