Tag Archives: China

Challenged by China and Russia, US builds force for future space wars

WASHINGTON: The United States has met a mounting 21st century strategic challenge from Russia and China with the creation of a full-fledged US Space Force within the Department of Defense. Acting on an ambition by President Donald Trump that had met resistance at first, the White House signalled its determination to not cede superiority in a Star Wars-like future of killer satellites and satellite-killer weapons. Trump made the ... Read More »

China electric car firm Faraday Future says obtains $225 mn in bridge financing

SHANGHAI: Chinese electric vehicledeveloper Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model. Faraday, which has ambitions to overtake Tesla Inc, said in November that it was exploring strategic options, including debt and equity financing, amid a legal fight with Evergrande ... Read More »

Faraday Future strikes deal to make cars in China with mobile gaming company

Troubled electric car startup Faraday Future has received another surprise lifeline in the form of a new 50/50 joint venture partnership with Chinese online video game company The9, the EV company announced Sunday. The9 says it’s willing to contribute up to $600 million to the joint venture, and Faraday Future has promised to use that money to make a new ... Read More »

Why the future of electric cars lies in China

Nio’s EP9. Shares in the lossmaking group, backed by Tencent, jumped 76% on the first day of trading Is the future of electric vehicles damaged by the chaos surrounding Tesla? Absolutely not. Whether the company survives in its present form or not is irrelevant. The future of EVs will not be determined by anything that happens in California but by decisions being taken ... Read More »

China is Creating a Future With Worldwide Electric Vehicle Adoption

China, home to the world’s largest market for electric cars, is aggressively promoting and supporting the technology. This and the sheer size of the Chinese market are driving the same trend around the world. CHINA’S ELECTRIC CAR REVOLUTION China has become the most powerful political force driving the globalization of electric vehicle (EV) technology. And, while natural driving forces such ... Read More »

Apple Sees Decline in China Smartphone Shipments, Oppo Leads: IDC

Shipping 44.9 million iPhones to China, Apple has beaten Xiaomi, touted as the ‘Apple’ of China that shipped 41.5 million smartphones and slipped to fifth spot, market research firm International Data Corporation (IDC) has revealed. According to IDC’s Quarterly Mobile Phone Tracker report, Apple dropped from 58.4 million iPhones in 2015 and Xiaomi from 64 million Mi phones, drops of ... Read More »

Apple Sues Qualcomm in China Over Technology Fees

Apple Inc. has filed suit in China challenging Qualcomm Inc.’s fees for technology used in smartphones two years after Chinese regulators fined the chipmaker for its licensing practices. Two lawsuits filed by the iPhone maker accuse Qualcomm of abusing its control over essential technology to charge excessive licensing fees, a Beijing court said on its microblog. It said Apple reports ... Read More »

Gionee Steel 2 Launched in China: Price, Release Date, Specifications, and More

The Gionee Steel 2 smartphone has been launched in the Chinese market at CNY 1,299 (approximately Rs. 13,000). The new Gionee Steel 2 is now available for pre-orders in China on the company’s online store. So far, there is no official word regarding whether the new Gionee Steel 2 will be available in international market. The new Gionee Steel 2 ... Read More »

China Nibbles at Samsung’s Share to Take 50 Percent of India’s Smartphone Market: Counterpoint

Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold – a growing market share that ate into sales from top-selling Samsung Electronics. Samsung, the single most popular smartphone brand in India, commanded a roughly 30 percent market share just over a year ago. ... Read More »

Wall Street Dragged Lower On Tech Stocks; China Tension Weighs

Analysts said investors were anxious and turned to defensive sectors in stocks as well as US Treasuries. New York: US stocks fell on Friday, weighed by a more than 4 per cent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 per cent to $39.10 after its ... Read More »