Hyperloop Transportation Technologies (Hyperloop TT) signed its first agreement with China to build a hyperloop system in the country’s technological development zone.
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and engineering teams, along with its recent withdrawal from other markets.
Didi Chuxing (DiDi) announced a joint venture with SoftBank on July 19 to offer on-demand taxi-hailing services and smart transportation solutions for customers in Japan, the world’s third largest economy.
BMW Brilliance, a joint venture between BMW and Brilliance Auto, signed a strategic cooperation agreement with China’s Contemporary Amperex Technology Co. Limited (CATL) on July 17 in Beijing.
Youku Tudou Inc. published on July 16 its performance data of the 2018 World Cup in Russia after broadcasting one-month football matches online as official new media partner of China’s central television station.
Didi Chuxing announced a strategic partnership on July 17 with Booking Holdings who will put an investment of $500 million into the Chinese mobile transportation platform.
Faraday Future (FF), the California-based electrical vehicle start-up, confirmed on July 15 that Xia Haijun, CEO of Evergrande Group, has assumed the post of FF’s chairman. Jia Yueting, the founder of FF, continues in his role as the global CEO.
Vatti Corp. Ltd., the Chinese kitchen-appliance maker, together with its franchisees, initiated a country-wide refund procedure in response to the French victory in the 2018 FIFA World Cup in the early mornings on July 16 Beijing time (CST).
Indonesia unblocked Tik Tok on July 10, ending its one-week ban on the Chinese short video app after it agreed to censor “negative content”, according to government statement.
Apple Inc. announced its plan to invest $300 million along with 10 suppliers in a China Clean Energy Fund on July 12. A new “first-of-its-kind investment fund” in the country, the new energy fund aims to connect suppliers with renewable energy sources.
U.S. government has entered into an escrow agreement with ZTE, as VOA quoted Department of Commerce on July 12, which removed the ban that has been haunting the company for the past three months.
XPeng responded today to the case of a former Apple employee charged with stealing trade secrets in the U.S., claiming its close attention to intellectual property.
China’s electric vehicle (EV) startup NIO signed a strategic cooperation agreement with the German engineering and electronics company Robert Bosch GmbH on July 9. The agreement focuses on cooperations in the areas of sensor technology, automated driving, electric motor controls and intelligent transport systems.
Daimler AG became the first international automaker to receive a road test license for Level 4 highly automated driving on the roads of the Chinese capital of Beijing.
A penalty levied by the U.S. government in the form of a 25% tax on $34 billion worth of Chinese goods came into effect on 12:01 AM EST on July 6, 2018. The 25% ad valorem duty rate is in addition to any pre-existing duty already imposed on the list of goods.
Belgian Prime Minister Charles Michel met with Jack Ma from the Alibaba Group in Brussels on July 3 and announced Belgium’s participation in the company’s digital trade platform.
BYD recently signed a contract to supply 100 K9FE electric buses to Santiago, Chile, and the delivery will be completed by end November as announced on July 3.
