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Nio's F2 factory has enhanced its automation with the addition of robotic quality inspectors, as shared by CEO William Li on Weibo. These robots efficiently perform tasks such as plugging in, photographing, and inspecting vehicles post-production. The factory, located in Hefei, Anhui province, is part of Nio's strategy to ramp up automation, following the introduction of humanoid robots like UBTech's Walker S for quality checks.
The Industrial and Commercial Bank of China (ICBC) has launched an 80 billion yuan (US$11.04 billion) technology and innovation fund aimed at supporting "hard technology" sectors, including semiconductors and advanced manufacturing. Chairman Liao Lin emphasized that the initiative aligns with central leadership directives to bolster private enterprises and promotes "patient capital" for long-term development over immediate profits.
China has summoned Walmart to address concerns over the retailer's decision to cut supplier prices in response to tariffs. This move highlights the ongoing tensions between the Chinese government and foreign companies operating within its borders.
Lotus Cars has appointed Peiji Qin as the new president of its China operations, effective March 12, reporting directly to CEO Feng Qingfeng. Former president Mao Jingbo has transitioned to global chief sales officer, focusing on global production and marketing integration. Qin, with over 15 years in the Geely ecosystem, aims to strengthen Lotus' presence in China as part of the company's global expansion strategy.
China's new energy vehicle (NEV) retail sales surged to 204,000 units from March 1-9, marking a 116% increase from the previous month and a 44% rise year-on-year. NEV penetration reached 56.04% during this period, with cumulative retail sales for the year hitting 1.63 million units, up 36% year-on-year. Overall passenger vehicle retail sales also rose to 364,000 units, reflecting a 14% increase compared to last year.
China's new energy vehicle (NEV) retail sales surged to 204,000 units from March 1-9, marking a 116% increase from the previous month and a 44% rise year-on-year. NEV penetration reached 56.04% during this period, with cumulative retail sales for the year hitting 1.63 million units, up 36% year-on-year. Overall passenger vehicle retail sales also rose to 364,000 units, reflecting a 14% increase compared to last year.
Changan plans to introduce all-solid-state batteries in prototype vehicles by the end of 2025, aiming for a range exceeding 1,500 km. The company intends to validate these batteries by 2026 and begin mass production by 2027, joining other manufacturers like BYD and CATL in this next-generation technology. With an energy density of up to 400 Wh/kg and enhanced safety measures, Changan is committed to advancing battery technology for improved energy freedom.
In February, China's power battery installations reached 34.9 GWh, marking a 94.1% year-on-year increase but a 10.1% decline from January. CATL led with a 44.45% market share, while BYD's share grew to 23.62% due to a 163.95% rise in NEV sales. LFP batteries dominated the market, accounting for 81.5% of total installations.
The inaugural episode of the 60/40 Podcast from Tech in Asia features co-hosts Prashanth Ranganathan, Peter Bithos, and Maria Li, alongside special guest Raghav Kapoor, CEO of Smartkarma. They delve into key topics such as the implications of Trump’s tariffs in China, TSMC's expansion in the US, and the resurgence of Jack Ma in China's tech landscape. The podcast aims to provide insights into the intersection of geopolitics and business in Asia.
The inaugural episode of the 60/40 Podcast from Tech in Asia features co-hosts Prashanth Ranganathan, Peter Bithos, and Maria Li, along with special guest Raghav Kapoor, CEO of Smartkarma. They discuss key topics including the implications of Trump’s tariffs in China, TSMC's expansion into the US, and the return of Jack Ma to China's tech scene, while also examining market trends in India and developments in Singapore’s SGX. Feedback and topic suggestions can be sent to 6040podcast@techinasia.com.
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Nio enhances automation with robotic quality inspectors at F2 factory
11:11 13.03.2025
ICBC launches 11 billion dollar fund for technology and innovation sectors
05:00 13.03.2025
China calls Walmart to discuss supplier price reductions due to tariffs
17:50 12.03.2025
Lotus Cars names Peiji Qin as new president for China operations
16:36 12.03.2025
China's NEV sales surge 116 percent in early March 2023
10:32 12.03.2025
China's NEV sales surge 116 percent in early March amid seasonal rebound
10:32 12.03.2025
Changan plans all solid state battery prototypes by end of 2025
03:05 12.03.2025
China's EV battery market sees BYD growth amid CATL decline in February
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insights on asia's economy and tech trends in the 60/40 podcast
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