manufacturing sector Archives

Chinese Automaker BYD Publishes Patent Related to Foldable Smartphones

A patent named "Foldable Device Equipped With Flexible Screens" applied for by Shenzhen-based automobile manufacturer BYD was published on December 23.

Some NIO Manufacturing Assets to be Acquired by JAC Motors

JAC Motors, a Chinese automobile and commercial vehicle manufacturer, announced on December 22 that it plans to acquire some of the project assets (including equipment and tooling assets) held by a subsidiary of NIO in China's Anhui Province.

Gotion Hi-Tech to Set Up Lithium-Ion Battery Joint Venture in Thailand

Gotion Hi-Tech, a leading Chinese battery firm, signed an agreement on December 15 with Nuovo Plus, an energy solutions company under the Petroleum Authority of Thailand, involving the establishment of a joint venture called NV Gotion Co., Ltd.

Xiaomi’s Automaking Project Rumored to Lag, Autonomous Driving Tests Unsatisfactory

The progress of Xiaomi's vehicle manufacturing project is reportedly falling short of expectations, which may eventually lead to lower product competitiveness.

Delivery of Li Auto’s L8 and L9 Delayed, Fuel Cards Offered as Compensation

Li Auto announced on November 27 that due to a supply shortage of core auto parts, vehicles that should have been delivered at the end of November as shown in the firm's mobile app will be postponed until December.

China’s Geely to License SEA Architecture for Izera EV Brand of ElectroMobility Poland

Geely, one of China's leading private automotive technology groups, announced on November 17 that it has signed an agreement to license its pure electric Sustainable Experience Architecture (SEA) to ElectroMobility Poland (EMP), an electric vehicle manufacturer backed by the Polish government.

China’s Yiwu Supplies 70% of Soccer-Related Products for Qatar World Cup

Chinese goods from the city of Yiwu in Zhejiang Province, one of the world's largest commodity hubs, will not miss the quadrennial World Cup.

EVE Energy Chairman: Overcapacity to Hit Battery Industry by 2024

Liu Jincheng, the chairman of leading Chinese battery firm EVE Energy, predicted that there will be overcapacity across the whole battery chain in 2024 at the latest, and only battery products with high quality and low cost will be spared.

Solar Encapsulant Film Firm Sinopont Bags Round-D Financing

Sinopont, a Chinese solar encapsulant film manufacturer, announced on November 16 that it has completed round-D financing worth several hundred million yuan. Source Code Capital participated in this round of investment.

Henan’s Local Governments Require Officials to Support Pandemic-Affected iPhone Foundry Foxconn

The Zhengzhou plant of Foxconn in Henan Province, China, was recently affected by the COVID-19 pandemic. Some local governments have been asked to get involved and take the lead in supporting work at Foxconn for a period ranging from 1 to 6 months.

GoerTek and Other Apple Suppliers Actively Explore Second Business Growth Point

OFilm, AAC Technologies, Lens Technology, Compal, GoerTek, and others, have made great achievements because they entered Apple's supply chain. However, once out of the chain, enterprises are often abandoned by the stock market.

GoerTek Loses Apple’s AirPods Pro 2 Order Due to Quality Problems

GoerTek, a China-based Apple supplier, has lost a major order to produce AirPods Pro 2. Ming-Chi Kuo, an analyst at TF International Securities, wrote on November 9 that this development is most likely due to production issues rather than demand issues.

Atech Automotive Secures C Round of Financing Worth Over $69M

On November 8, Atech Automotive (Wuhu) Co., Ltd., a smart vehicle equipment manufacturer, announced the completion of a new Round C financing deal exceeding 500 million yuan ($69 million). Hubei Xiaomi Changjiang Industrial Investment Fund Management is one of the lead investors.

Chinese Battery Firm CALB to Set Up European Factory

Chinese battery manufacturer CALB announced on November 3 that it has signed a memorandum of understanding with a subsidiary of the Portuguese Agency for Investment and Foreign Trade.

Foxconn Refutes Rumors of 20K COVID Cases at Zhengzhou Plant

Foxconn, the Taiwan-based leading iPhone assembler, issued a statement at midday on October 26 saying that "reports of 20,000 people diagnosed with COVID-19 at the Zhengzhou Industrial Park, Henan Province" circulating online were "seriously false information."