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Profits of China’s major industrial firms up 1.9% in first 10 months

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Visitors check out an offshore wind turbine model during a clean energy expo in Beijing on Oct 20. CHEN XIAOGEN/FOR CHINA DAILY Profits at China’s major industrial firms extended their gains for a third consecutive month in October, data from the National Bureau of Statistics showed on Thursday. From January to October, industrial enterprises with…

China’s new materials industry gains momentum on green, AI technologies

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HEFEI — From conference credentials to mineral water bottles and shopping bags, such everyday items at the 5th International New Materials Industry Conference held recently in Bengbu, East China’s Anhui province, were made from an innovative material — polylactic acid (PLA). PLA, a biodegradable polymer derived from renewable biomass materials like corn and straw, is becoming…

CATL, Stellantis break ground on LFP battery plant in Spain

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ZARAGOZA — A joint venture between China’s CATL and multinational automaker Stellantis broke ground on Tuesday for a major lithium iron phosphate (LFP) battery plant in Spain’s northeastern region of Aragon, marking one of the largest Chinese industrial investments in the country. With a planned investment of 4.1 billion euros ($4.75 billion), the facility will…

Huawei unveils latest line of smartphones

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Huawei unveils its Mate 80 series smartphones in an online event in November. [Photo provided to chinadaily.com.cn] Huawei unveiled its Mate 80 series smartphones and the new, foldable Mate X7, featuring its latest Kirin 9030 processors and updated HarmonyOS 6 operating system, in a move analysts say underscored the company’s ambitions to gain a bigger…

China Southern Airlines and Airbus Helicopters in maintenance deal

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CSA General Aviation and Airbus Helicopters signed an agreement to build a global maintenance center at the Aero Asia event in Zhuhai, Guangdong province. [Photo provided to chinadaily.com.cn] The China Southern Airlines General Aviation Company Ltd and Airbus Helicopters signed an agreement for a global maintenance center in Zhuhai, Guangdong province, on Friday. The agreement for the center, which will be…

Chinese carmaker BYD launches new hybrid car in Israel

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JERUSALEM — Chinese carmaker BYD Auto launched a new plug-in hybrid electric vehicle (PHEV) in Israel, its Israeli dealership Shlomo Motors announced on Wednesday at a launch event in the central city of Rishon LeZion. The model, BYD Atto 2 DM-i, known in China as the Yuan Up DM-i, is a subcompact crossover SUV. It…

BCG: Chinese companies leading APAC region in AI application

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Visitors check out Intel’s large language model during the eighth China International Import Expo on Nov 6 in Shanghai. CHINA DAILY Chinese companies are at the global forefront in adopting artificial intelligence at work and are optimistic about its potential thanks to the widespread enthusiasm for AI driven by digitally skilled and ambitious young employees,…

Beijing climbs in global CBD rankings

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The attractiveness of global business districts has undergone a profound reshaping compared with five years ago, and the most notable shift has been the overall rise of central business districts in Asia, with China standing out as a key driver of this trend, according to a new report. The 2025 Global Business Districts Attractiveness Report…

Chery-Ebro partnership boosts Spanish industrial revival

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Spain’s Ebro-EV Motors and China’s Chery Automobile celebrate the start of vehicle production at their joint venture, the Ebro Factory, located in the Zona Franca of Barcelona, Spain, Nov 23, 2024. [Photo/Xinhua] BARCELONA, Spain — A collaboration between Chinese automaker Chery and Spanish brand Ebro is helping the Southern European country to rebuild auto manufacturing…