More and more drivers can imagine subscribing to their car instead of buying it for expensive money. This was shown in a survey by the management consultancy Bain. Not surprisingly, interest in this innovative business model is particularly high in China. A whopping 64 percent of those surveyed could imagine a car subscription model. In […]
European aircraft manufacturer Airbus expects growing competition from China. Aviation is increasingly influenced by digital technologies and the entry of new competitors into the market, Airbus CEO René Obermann told the Handelsblatt. Obermann mentioned the new Chinese aircraft manufacturer Comac, which is currently developing the C919, an aircraft the size of Airbus’ best-selling A320. The […]
Shortly before US President Joe Biden’s trip to Europe, Foreign Minister Heiko Maas called for stronger transatlantic cooperation: “Now is the time for close economic and trade policy ties with the US. We should quickly put open disputes behind us for this.” With Biden, it would be possible to “finally take on multilateral responsibility together […]
Business is unexpectedly good. But after the dark time of Covid-19, there is a “storm on the horizon” that requires companies to adjust their strategy. This is how the EU Chamber of Commerce in China (EUCCC) sums up the findings of its member survey presented on Tuesday. With the world still reeling from the pandemic, […]
After start-ups Xpeng and Nio, China’s electric pioneer BYD is also starting to sell EVs in Norway. 100 models of the Tang electric sports utility vehicle were shipped to Norway from Shanghai on Monday, according to BYD. This marks its entry into the European EV business, the company said. BYD has already been successfully selling […]
A large firm cannot, as a rule, simply buy the necessary green electricity for a large plant on the market. The necessary infrastructure is required to obtain electricity exclusively from renewable sources as well as the cooperation of the electricity grids and the electricity market operator. This is the only way to make climate targets […]
China wants to convert public transport completely to electric mobility or fuel cells by 2035. This is reported by the Chinese specialist website gasgo.com, among others, with reference to an action plan of the Ministry of Industry and Information Technology (MIIT). According to the plan, buses and other city logistics as well as cleaning vehicles, […]
It is unknown whether the Philippines’ Foreign Minister typed his words spontaneously or chose them carefully: “China, my friend, how politely can I put it? Let me see … Oh … Get the f*** out!” tweeted Teodoro Locsin earlier this month – comparing China to an “ugly oaf.” The foreign ministry in Beijing reacted piqued […]
The Chinese petrochemical company Sinopec has developed a new process for the direct conversion of crude oil into chemicals. As the trade magazine Process reports, this new “crude oil to chemicals” process, or COTC, is a significant technological breakthrough. Since it can omit various intermediate steps of traditional methods, it significantly simplifies crude oil refining […]
These are still rumors – but they have been around for some time: VW considers producing the ID.3, the second model of its ID EV brand, in China at SAIC shortly. This was reported by several Chinese media on Wednesday. They show photos of an ID.3 prototype that is said to have been on a […]
