China

China’s Didi signs up Continental for purpose-built electric cars

China’s Didi signs up Continental for purpose-built electric cars

Published 10/07/2018

BEIJING (Reuters) - China’s Didi Chuxing signed an agreement with German automotive supplier Continental AG on Tuesday to cooperate in developing internet-connected, electric cars tailor-made [more…]

Finland’s Nokia signs 1 billion euro deal with China Mobile

Finland’s Nokia signs 1 billion euro deal with China Mobile

Published 10/07/2018

(Reuters) - Nokia has signed a one billion euro ($1.17 billion) deal to support China Mobile, the Finnish network gear maker said on Tuesday. Under [more…]

Tesla to open plant in Shanghai with annual capacity of 500,000…

Tesla to open plant in Shanghai with annual capacity of 500,000…

Published 10/07/2018

SHANGHAI (Reuters) - Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with [more…]

China’s Xi pledges $20 billion in loans to revive Middle East

China’s Xi pledges $20 billion in loans to revive Middle East

Published 10/07/2018

BEIJING (Reuters) - Chinese President Xi Jinping on Tuesday pledged a package of $20 billion in loans, and about $106 million in financial aid, to [more…]

Tesla moves first to hike prices in China as trade war hits car makers

Tesla moves first to hike prices in China as trade war hits car makers

Published 10/07/2018

BEIJING/SHANGHAI (Reuters) - U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first [more…]

South Korea’s LG Display says China approves its OLED factory plan

South Korea’s LG Display says China approves its OLED factory plan

Published 10/07/2018

SEOUL (Reuters) - South Korean LG Display Co Ltd’s plan to build a new organic light-emitting diode (OLED) panel production facility in China has been [more…]

BMW to join board of Baidu’s autonomous driving platform Apollo

BMW to join board of Baidu’s autonomous driving platform Apollo

Published 10/07/2018

FRANKFURT (Reuters) - BMW signed a Memorandum of Understanding (MoU) with tech giant Baidu to join its autonomous driving platform Apollo as a board member, [more…]

China backs European integration, Li says before summit with…

China backs European integration, Li says before summit with…

Published 06/07/2018

SOFIA (Reuters) - China backs EU integration and wants to use a weekend summit with central and eastern Europe to boost cooperation with the region, [more…]