China’s three major domestic airlines lost $5 billion in 2020

China’s three major airlines lost $5 billion in 2020

(ATF) China’s three major domestic airlines have successively released their 2020 annual reports, and these are not report cards you would want to take home. The data shows that Air China, China Southern Airlines, and Eastern Airlines have seen a year-on-year decline of more than 40%. Each of the three …

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LG Chem powers into US with second battery factory

LG Chem powers into US with second battery factory

(ATF) Automotive giant General Motors and its South Korean partner LG Chem are expected to announce on Friday that they will build a second battery cell manufacturing plant: a $2.3 billion factory in Spring Hill, Tennessee. The plant will use a different, more cost-effective battery chemistry than the one the …

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Xpeng’s stock value loses power despite new EV model launch 

Xpeng’s stock value loses power despite new EV model launch 

Chinese EV maker Xpeng unveiled its groundbreaking new P5 model on Wednesday, only to then see its stock drop by over 7% after earlier gains. The Guangzhou-headquarted firm is touting its latest high-tech model as the world's first mass-produced EV equipped with lidar sensors Lidar technology uses laser light pulses …

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Huawei says its first self-driving car 'HI' surpasses Tesla

Huawei says its first self-driving car surpasses Tesla

(ATF) Autonomous-driving technology developed by Huawei has surpassed Tesla’s in some aspects – such as enabling cars to cruise for more than 1,000 kilometers (620 miles) without human intervention, rotating chairman Eric Xu told analysts in Shenzhen on Monday. Xu also called for leaders around the world to restore collaboration …

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Korean EV giants settle bitter trade secrets dispute in US

Korean EV giants settle bitter trade secrets dispute in US

(ATF) Two of the world's largest electric vehicle (EV) battery makers have settled a trade secrets dispute that threatened to upend plans by Ford and Volkswagen, among other carmakers, and throw a spanner in the works of US President Joe Biden's clean energy policy. LG Chem had won a bitter …

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China faces challenge as Europe energises EV market

China faces challenge as Europe energises EV market

(ATF) Car sales in China surged in March – powered by a jump in demand for electric vehicles (EVs) - as the world's biggest car market leads the recovery from the Covid-19 pandemic. Sales reached 2.53 million vehicles in March, up 74.9% year-on-year, data from the China Association of Automobile …

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Xpeng develops proprietary autonomous-driving chips

Xpeng develops proprietary autonomous-driving chips

(ATF) Chinese electric vehicle (EV) maker Xpeng Motors is developing proprietary autonomous-driving chips, with the design of these chips likely to be finalised late this year or early next year, local media reported. Chinese tech media outlet 36Kr said the Guangzhou-based startup is developing chips in China and the US, …

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