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Chinese smartphone makers gain an edge in foldable handsets as delays beset Samsung’s Galaxy Fold

China’s major mobile phone makers could get the inside track in the nascent global market for foldable smartphones, as technical issues have delayed the commercial release of Samsung Electronics’ Galaxy Fold.Huawei Technologies, the world’s largest telecommunications equipment manufacturer and China’s biggest smartphone supplier, is expected to benefit from Samsung’s deferred launch if the Shenzhen-based company can fast-track the introduction of its 5G-ready, foldable Mate X model.“Launching… Source link

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With Dyson on board, Singapore pitches hi-tech credentials to woo other electric car makers to set up shop

Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city state is now in talks with other makers of green vehicles to set up shop on the island.Singapore is pitching its connectivity to global markets through free-trade agreements, its highly skilled workforce and stringent protection of intellectual property, which is critical for the industry, according to the government agency set up to attract investments to the country.“Hopefully they won’t be the… Source link

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China’s electric car makers face ‘critical’ maturity period over the next two years, KPMG says

The next two years will be “critical” for China’s new energy vehicle (EV) makers as the industry matures and Beijing slashes subsidies that have encouraged consumers to adopt the technology, a KPMG executive said on Wednesday.Philip Ng, head of technology at KPMG China, said that consolidation is likely in the industry in the next 18 months to two years, particularly as EV makers face tighter capital markets and challenges to build consumer trust in the world’s largest car market.“All of those … Source link

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Meet the man behind one of China’s biggest agricultural drone makers

On a road trip through Xinjiang in 2012, Peng Bin saw how ageing farmers laboured in vast cotton fields with heavy tanks of pesticides strapped to their backs, spraying the chemicals without any protection.“I could smell the acrid stench of pesticide from afar and I thought maybe my unmanned aircraft could help,” said Peng, 37, founder and chief executive of XAG, one of China’s biggest makers of agricultural drones. “At least drone spraying would limit the farmers’ exposure to the chemicals.”It… Source link

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Zurich-based robotics giant ABB expects Chinese electric vehicle makers and SME sector to keep Shanghai plant busy

ABB Group, the Swiss-Swedish industrial automation and electricity supply technology company, is banking not only on hundreds of electric vehicle start-ups in China, but also millions of small and medium-sized manufacturers in the country, to fill up the order books at a robotics factory it is building in Shanghai.The Zurich-headquartered company, which also has robotics factories in Sweden and the United States, is betting big on further growth in the demand for automation in China – the world… Source link

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China smartphone makers spin off secondary brands to go upscale

China’s four biggest smartphone makers are sharpening their focus on the fast-growing premium handset segment by spinning off secondary brands, as the industry braces for another year of decreased shipments around the world.Oppo, China’s second largest smartphone vendor, is set to introduce next month its Reno brand, which will provide a range of 5G and non-5G premium handsets.That would follow No 3 player Vivo’s launch earlier this month of its iQoo gaming smartphone brand. In January, Xiaomi… Source link

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Chinese plastics makers are switching to biodegradable materials as Beijing stresses on pollution-free economic progress

Lou Zhongping, dubbed the “king of plastic straws”, is changing his strategy.The founder and chairman of Saton Daily Necessities is spending US$15 million to double the size of his factory in Yiwu, Zhejiang province to produce biodegradable straws, Plastic News reported earlier this month.Lou has good reason for the switch. Orders for biodegradable straws made from polylactide acid (PLA) – a type of biodegradable plastic raw material – have exploded in the past few months from 4 per cent of… Source link

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US cabinet makers petition for duties on Chinese imports, saying they are being ‘crushed’

A group representing US makers of kitchen and bathroom cabinets says it has filed one of the largest trade cases ever against China, alleging at least US$2 billion in harm from imports.The American Kitchen Cabinet Alliance filed a petition with the Commerce Department and US International Trade Commission, alleging Chinese producers received illegal subsidies and unfairly dumped products in the US, depressing prices for domestic makers, a lawyer for the group said on Wednesday.The petitioners –… Source link

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Online health care platform injects hope into generic drug makers squeezed by China’s pricing reform

Online health care platform operator 111 Inc plans to team up with generic drug makers that have failed to win public hospital tenders in a bid to help them survive by cutting distribution costs. A pricing reform introduced recently by Beijing led to an average 60 per cent fall in winning bid prices at last month’s pilot centralised bulk drugs procurement in 11 cities. This coupled with the stipulation that up to 70 per cent of the purchase volume be given to a single winner mean that the losers will…

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Chinese cryptocurrency exchanges seek reverse mergers in Hong Kong as IPO plans of bitcoin mining rig makers falter

The world’s biggest cryptocurrency exchanges are looking at reverse mergers in Hong Kong, as hopes dim for bitcoin mining rig makers’ plans to go public in the city. The back-door listing efforts have come to light amid the reluctance of the Hong Kong stock exchange to approve the initial public offering (IPO) applications of companies involved in the underregulated cryptocurrency industry, according to people with knowledge of the matter. Charles Li Xiaojia, chief executive of the Hong Kong Exchanges and Clearing, said on Wednesday that companies seeking to go public…

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