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As landmark Fiat stalls, Italy’s Turin struggles to avoid decline

People pass next a closed part of the Franco-Italian automaker Stellantis factory of Mirafiori, in Turin, Italy October 16, 2024. [Photo/Agencies] Located at the foot of the Alps in north-west Italy, Turin is where Fiat, now part of multinational Stellantis, was co-founded by the Agnelli family 125 years ago. Now it is grappling with the…

Intelligent auto sector speeding up

Automotive chips are on display on a transparent vehicle-shaped platform at the 2024 World Intelligent Connected Vehicles Conference in Beijing on Thursday. The conference was held from Thursday to Saturday. HAN JIWEI/FOR CHINA DAILY China is vrooming to shape the future of intelligent connected vehicles, with creation of a new industry road map underway, and…

Chinese firms deepen integration into intelligent connected vehicle industry chain

This photo taken on Oct 17, 2024 shows new energy vehicle model SU7 produced by Chinese tech firm Xiaomi displayed during the 2024 World Intelligent Connected Vehicles Conference in Beijing. [Photo/Xinhua] BEIJING – The SU7 series, Chinese tech firm Xiaomi’s first self-developed new energy vehicle (NEV) model, has attracted considerable attention at the just concluded…

Village in Chongqing seeks ‘zero-pollution’ growth

At Pengshui Miao and Tujia autonomous county in Chongqing municipality, 72-year-old Yang Guanghua keeps his kitchen waste such as fruit peels and discarded vegetable leaves and turns them into a green treasure. Yang’s village — Yangjiaxincun village in Lijia community under Sangzhe township — is home to 117 households and is a centuries-old Miao ethnic…

Pony.ai files for IPO in US

Driverless cars of Pony.ai are displayed at an expo in Shanghai on July 10, 2021. [Photo/VCG] Toyota-backed Pony.ai, an autonomous driving startup, filed on Friday for an initial public offering in the United States. It has applied to list on the Nasdaq stock exchange under the ticker symbol “PONY”. Goldman Sachs, BofA Securities, Deutsche Bank,…

Milestone achieved in chip sector

[Photo/VCG] China saw a game-changing breakthrough in photoresist — a key material used in producing semiconductors — which successfully passed mass production tests recently, according to a high-tech firm in Wuhan, Hubei province. It marks the first time that a Chinese entity successfully produced the ingredients and formula needed for photoresist, and it owns full…

Stimulus measures inject vitality into home sales

View of skyscrapers in the central business district of Beijing in August. [Photo/Xinhua] BEIJING — Home sales in major Chinese cities have ticked up this month, as a series of recent stimulus measures boosted homebuyer sentiment. The early signs of recovery in the housing market in big cities offer some relief as Chinese authorities seek…

Over 20 Chinese listed companies become first batch to receive loans for share buybacks, increasing shareholdings

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – More than 20 Chinese listed companies on Sunday announced that they have signed agreements with financial institutions or obtained commitment letters to secure loans for share buybacks and increasing shareholdings. The announcements came after China’s central bank launched a…

Chinese-made tunneling machine passes milestone

The world’s largest shield machine for railway construction, a tunneling device with a diameter of 15.4 meters, excavates its 1,000th ring segment on Sunday to reach 2 kilometers, a milestone in the construction of a tunnel beneath the Yangtze River for a high-speed railway. [Photo provided to chinadaily.com.cn] The world’s largest shield machine for railway…