Hong Kong is in talks with several Chinese electric-vehicle makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub looks to advanced industries to diversify its ailing economy. The city’s officials aim to develop an EV assembly base — a relatively complex process requiring advanced skills, the people…
China’s BYD Co. is forging ahead with its attempts to expand in India despite roadblocks from the government that are preventing the electric vehicle maker from conducting key business dealings there. Like most Chinese companies, BYD has been unable to obtain visas for executives after a deadly clash between Indian and Chinese soldiers along a…
Elon Musk’s brain implant company Neuralink Corp. is collaborating with researchers in California and Spain on a clinical trial to study visual prosthetics. Neuralink’s participation in the trial was disclosed in late July on ClinicalTrials.gov, a government website listing medical studies. The study is sponsored by the University of California at Santa Barbara. Source link
Life at the top is proving complex for China’s leading automaker, and there are fresh challenges on the horizon. BYD Co.’s monthly sales have stagnated of late and with the summer months being a traditionally slower time for consumer purchases, that trajectory isn’t expected to reverse any time soon. Source link
The black eye was easier to miss than it should have been. Perhaps it was the shadow cast by his DOGE cap, or because he was rolling his neck as if he’d just received the world’s most relaxing massage, or because everyone was paying attention to Donald Trump. Maybe it was all of those things….
Wells Fargo & Co. suspended travel to China after one of its bankers who works in trade financing was recently blocked from leaving the country. Chenyue Mao, an Atlanta-based managing director who was born in Shanghai, was banned from exiting China after entering the country in recent weeks, according to a person with knowledge of…
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel. In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery,…
From steel mills to display panel factories, Chinese companies are rapidly integrating artificial intelligence (AI) into traditional industries, marking a major shift toward intelligent, digital manufacturing. Leading the transformation is Shougang Group, one of China’s largest steelmakers, which has deployed an AI-powered visual system that boosted production efficiency by over 20% and cut defects by…
Goldman Sachs Group Inc. claimed top ranking in Hong Kong equity sales for the first time since 2013, riding a wave of billion-dollar deals in the city after three years of lackluster activity. So far this year, Goldman is given credit for $5.6 billion in initial and secondary offerings, beating runner-up UBS Group AG by…
Hong Kong’s residential property market is poised for a recovery after enduring a seven-year downturn, according to Morgan Stanley. Home prices in the city are set to bottom out, driven by an influx of mainland Chinese buyers, improved capital markets and a recent plunge in interest rates, analysts led by Praveen Choudhary said in a…