Latest News for: Beijing electrical

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Xiaomi Aims to Begin Mass Production of Electric Vehicles in 2024

Caixin Online 20 Oct 2021
is expected to begin mass production of its own electric vehicles in the first half of 2024, Chairman and CEO Lei Jun said at an investor event on Tuesday. The announcement amounts to the first major target for Xiaomi’s fledgling electric vehicle subsidiary, Xiaomi EV Inc., which just completed registration on Sept.
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Double-digit price hikes on China exports add to inflation risk

Gulf News 20 Oct 2021
Washington ... Price anxiety ... A global rush for raw materials means Chinese factories are facing the fastest rise in input prices in almost 26 years, and Beijing has said factories could face a 20 per cent hike in their electricity costs due to a power crunch ... “The electricity price is rising so we are raising our prices too,” Chen said ... .
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China’s emission-reduction action squeezes PV production

PV Magazine 20 Oct 2021
Industrial shutdowns and reduced factory production capacity levels indicate the companies producing the raw materials used by solar manufacturers are being afflicted by electricity consumption measures just as other sectors are. It is not clear whether the solar industry will be afforded any favors by Beijing, as analyst Frank Haugwitz explains.
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China coal hits record high amid tight supplies

Reuters 19 Oct 2021
BEIJING, Oct 19 (Reuters) - China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing's efforts to bolster supply ... "Guangxi will put a 50% premium on electricity prices for the most energy-intensive industries," they said.
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Xpeng-backed flying car startup raises $500 million

Metro USA 19 Oct 2021
BEIJING (Reuters) – HT Aero, a flying car startup backed by Chinese electric vehicle maker Xpeng Inc, said on Tuesday it has raised over $500 million in its latest funding round ... HT Aero did not disclose its valuation after the funding round ... .
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Shanghai Composite Index Rose 0.7% on Tuesday

Caixin Online 19 Oct 2021
Below is a rundown of the top China business and finance stories, plus other news for the day.. · Exclusive ... CATL signs battery deal with Detroit EV maker; Li Auto starts construction of new Beijing factory; electricity prices rise in Shandong and Jiangsu ... 11 in Beijing to consider a resolution on the party’s major achievements of the last 100 years ... .
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European smelter cuts catch zinc looking the wrong way

Mining Dot Com 19 Oct 2021
The spark for the explosive rally was Nyrstar’s Oct ... Click here for an interactive chart of zinc prices ... Zinc production was hit by drought in hydro-rich Yunnan province earlier this year and right now smelter hubs in Guangxi and Hunan provinces are being forced to ration electricity usage as Beijing struggles with its own power crunch ... .
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China's economic growth eases to 4.9 per cent in third quarter

Straits Times 18 Oct 2021
So far, the economy has grown 9.8 per cent this year, higher than the "above 6 per cent" target set during the National People's Congress (NPC) session in Beijing in March ... Beijing has since emphasised that it will boost coal supply and ensure the availability of electricity.
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Energy Insider: Baosteel, Toyota Face Patent Infringement Suit by Nippon Steel

Caixin Online 18 Oct 2021
customer; Li Auto builds second plant in Beijing; power prices on the rise under new regime ... Nonoriented magnetic steel sheets are a key raw material for electric> vehicles ... Chinese electric vehicle startup Li Auto began construction of its second plant in Beijing with an investment of more than 6 billion yuan ($930 million).
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China’s economy slows due to power shortage, supply disruptions, Covid-19

Hindustan Times 18 Oct 2021
Commercial office buildings under construction in Tongzhou, outskirts of Beijing, China ... “Surging electricity demand in a rebounding economy, plunging coal supplies and Beijing’s climate change policies create a perfect storm disrupting global supply chains,” the business website Caixin reported.
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China's economic growth eases to 4.9% in third quarter

Straits Times 18 Oct 2021
So far, the economy has grown 9.8 per cent this year, higher than the "above 6 per cent" target set during the National People's Congress (NPC) session in Beijing in March ... Beijing has since emphasised that it will boost coal supply and ensure the availability of electricity.
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China's economy stumbles on power crunch, property woes

Yahoo Daily News 18 Oct 2021
Gross domestic product expanded 4.9% from a year ago, missing forecasts, as attempts by Beijing to curb lending to the property sector exacerbated the fallout from electricity shortages which sent factory output back to levels last seen in early 2020, when heavy COVID-19 curbs were in place.
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Weekly Must-Read: Five Things to Watch in China’s Economy in the Fourth Quarter

Caixin Online 16 Oct 2021
Surging electricity demand in a rebounding economy, plunging coal supplies and Beijing’s climate change policies create a perfect storm disrupting global supply chains ... Issues such as the transition to clean energy and tensions between Beijing and Washington have made once active Chinese SOEs wary of buying assets abroad.
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Japan Just Launched Its Second Taigei-Class Diesel-Electric Submarine

Interesting Engineering 16 Oct 2021
And it just launched another of the new class of diesel-electric submarines, one year to the day after the first boat of Japan's lithium-ion powered submarine line entered the water, according to ... And Beijing's undersea fleet could grow at incredible rates, reaching 60 diesel-electric boats and at least 16 nuclear attack submarines by 2030.
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China's power woes reveal a strategic weakness

Beijing News 15 Oct 2021
China's electricity shortage is testing the nation's status as the world's capital for reliable manufacturing and exposing a strategic weakness ... Depending on how much coal can be mined, China's electricity shortage could call into question whether Beijing can deliver in the coming months the strong economic growth, NYT report said.
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