20231021 China news
Source: | Author:eacham | Published time: 2023-10-21 | 717 Views | Share:


01

Addressing the leapfrogging development of China's new energy vehicle industry, German auto parts maker Haering GmbH signed an agreement with Jiangsu province's Taicang government in late September for a project to produce lightweight motor spindles for NEV makers. The investment in the new project stands at $100 million, with annual output expected to reach 500 million yuan ($69.77 million).

 

02

China will mull the feasibility of further removing or relaxing foreign ownership restrictions to draw more global investors, the Ministry of Commerce said Thursday. While continuing to shorten its negative list for foreign investment, the country will strive to improve its business environment and better serve foreign companies, said ministry spokesperson He Yadong at a press conference.

 

03

Multinational life sciences corporation Bayer AG will invest further in China and build bridges for the world to overcome global challenges, a senior executive said, acknowledging the progress that the country has made in innovation.

 

04

Recently, a high-purity sputtering target project for integrated circuits officially commenced mass production in the Tianqu New District of Dezhou, Shandong province, said its producer, YouyanYijin New Materials Co Ltd.


05

Neta Auto, Hozon Auto's electric vehicle (EV) brand is to open an R&D center and assembly plant in Abu Dhabi's new Smart and Autonomous Vehicle Industry (SAVI) cluster. Spearheaded by the Abu Dhabi Department for Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO), the fully integrated cluster headquartered in Masdar City provides state-of-the-art facilities, value add services, and regulatory enablement to support the design, testing and manufacturing of autonomous vehicle applications.

 

06

Huawei-backed AITO has beaten expectations of the market, with orders so far for its M7 SUV soaring to exceed 60,000 units. Seres, which codevelops AITO vehicles with Huawei, said it is investing another 1 billion yuan ($136.8 million) in the supply chain to ensure the model's smooth deliveries.


07

The 25th China Mining Conference and Exhibition will be held both online and offline in Tianjin from Oct 26 to Oct 28, said its organizer China Mining Association on Tuesday. Themed "Innovation Promotes High-Quality Development of Mining," this conference features 22 forums with a focus on the discussions of mining safety, green development, innovation and integrated development, to tap the market demand.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham



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