News 9/21

Jul 91 min read

Geely-affiliated EV Maker Polestar Reportedly Cuts 30% of China Staff

Polestar, associated with Geely, is reportedly laying off 30% of its China staff. The company has suspended production at its Chengdu

Jul 81 min read

Battery Maker SK On Declares 'Emergency' as EV Sales Disappoint

SK On, a South Korean EV battery producer, declares an "emergency" as its customers face disappointing EV sales in Europe and the U.S. Chief

Jul 43 min read

Chinese Companies Look to Morocco to Capitalise on US Electric Vehicle Subsidies

Chinese manufacturers are investing in Morocco to benefit from US electric vehicle subsidies.

Jul 42 min read

EU Proposes Import Duty on Chinese Retailers Temu and Shein

EU plans to impose customs duties on Chinese online retailers, including Temu, Shein, and AliExpress. The current 150 euros threshold

Jul 43 min read

Inner Mongolia Accelerates Green Computing Industry Development

Inner Mongolia aims to become a key computing power hub by leveraging its environmental advantages and natural resources.

Jul 32 min read

China Aims for 50 AI Standards by 2026, Covering Chips, Applications, and Safety

China plans to establish at least 50 AI standards by 2026, covering areas such as LLM training, safety, governance,

Jul 32 min read

Biden Revokes 8 Licenses for China's Huawei in 2024, Document Reveals

The Biden administration has revoked eight licenses for Huawei in 2024. Licenses for companies like Qualcomm and Intel were among those

Jul 32 min read

China on Track to Achieve 2030 Renewable Energy Target Ahead of Schedule

China is projected to exceed its 2030 renewable energy targets six years ahead of schedule. The country will add 70GW of wind power capacity

Jul 22 min read

Samsung Electronics Union in South Korea Announces General Strike

The National Samsung Electronics Union (NSEU) has declared a general strike, demanding better pay and improved time off.

Jul 22 min read

Meta's Pay or Consent Model Under Scrutiny for Violating EU Tech Rules

Meta Platforms charged by EU antitrust regulators for breaching tech rules. Binary choice of pay or consent advertising model under scrutiny

Jul 12 min read

SK Hynix to Invest US$75 Billion by 2028 in AI and Memory Chips as Part of SK Group’s Major Overhaul

SK Hynix, the world's second-largest memory chip maker, plans to invest US$75 billion by 2028 to enhance its chips business

Jun 303 min read

The Rise of 'AI Washing' and Its Implications

'AI washing' refers to companies making exaggerated claims about their use of AI. Amazon's 'Just Walk Out' technology highlighted the issue

Jun 292 min read

CATL CEO Unveils Progress on Condensed Matter Battery for Electric Plane

CATL's condensed matter battery will enable a flight range of 2,000 to 3,000 kilometers for electric planes.

Jun 281 min read

Huawei Secures Over 100,000 Orders for Aito SUV

Aito, in collaboration with Huawei and Seres, has received over 100,000 reservations for its Aito M9 SUV. The M9 SUV has already delivered

Jun 272 min read

AI Takes Centre Stage at MWC Shanghai as China's Telecoms Operators and Gear Makers Seek New Growth

AI takes centre stage at MWC Shanghai as China's telecoms operators and gear makers seek new growth. Senior executives from major companies.

Jun 272 min read

German car maker Volkswagen to invest up to US$5 billion in Tesla rival Rivian

German car maker Volkswagen (VW) to invest up to £3.94bn (US$5bn) in Tesla rival Rivian.

Jun 262 min read

Central Banks Must Prepare for Profound Impact of Artificial Intelligence, BIS Says

BIS urges central banks to embrace the benefits of AI but not rely on it for setting interest rates.

Jun 262 min read

China Counters Allegations of Over-Capacity in EVs and Lithium Batteries

China's Premier Li Qiang defends China's production of EVs and lithium batteries, stating they meet domestic demand

Jun 252 min read

China's ByteDance Collaborates with Broadcom to Develop Advanced AI Chip

ByteDance is collaborating with Broadcom to develop an advanced AI chip compliant with U.S. export restrictions.

Jun 252 min read

Cyber Attack Hits Indonesia's National Data Centre, Ransom Sought

A cyber attack on Indonesia's national data centre disrupted government services, including immigration checks at airports.