China

    • Tesla attracts Chinese cheap battery maker

      Tesla attracts Chinese cheap battery maker

      US producer of electric vehicles Tesla is in talks to attract the Chinese producer of cheap batteries EVE Energy to join the Asian part of the conglomerate, controlled by billionaire Elon Musk, Reuters reported. EVE makes lithium iron phosphate (LFP) batteries, which are cheaper to produce because they use iron instead of more expensive nickel and cobalt.But LFP batteries generally offer a shorter range on a single charge than more popular nickel/cobalt alternative.

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    • 18-tonne rocket debris plunge from Space to hit Earth

      18-tonne rocket debris plunge from Space to hit Earth

      Huge rocket debris falls down and are expected to hit Earth early on Sunday, Reuters reported. The space garbage is part of China’s largest rocket launched last week. China's foreign ministry said that most debris from the rocket will be burned up on re-entry and is highly unlikely to cause any harm, but the US military said that what it called an uncontrolled re-entry was being tracked by US Space Command. The unwanted impact is possible and depends on the angle the debris enter the atmosphere.

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    • China exports spike to $264bn as global demand recovers from pandemic

      China exports spike to $264bn as global demand recovers from pandemic

      China’s exports posted a 32.3% increase in April compared to same period a year ago, AP reported. The main reason for the surge is a recovery in global consumer goods demand. Exports rose to $263.9 billion, in line with the previous month’s growth but down from the explosive 60.6% rise in the first two months of 2021, customs data showed. Imports increased to 43.1%, accelerating from March’s 38.1% expansion.

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    • US seeks European allies to curb Chinese investments

      US seeks European allies to curb Chinese investments

      The US Secretary of State Antony Blinken noted that not all doors for Chinese capital and investment flows to the United States and Europe should be left open. US will further seek European backing to reduce the influence of China in key sectors related to hi-tech and defense. Blinked confirmed that the West had to be very careful about the exact nature of Chinese investment in Western economies and think very carefully about investments in strategic assets.

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    • Tesla bets on recycling EV components in Shanghai

      Tesla bets on recycling EV components in Shanghai

      The US producer of electric vehicles Tesla announced it was moving ahead with using components that may be recycled, Reuters reported. Tesla’s majority shareholder Elon Musk is known for his ambitions to use components that later may be recycled, but at this stage the recycling approach was used mainly in relation to the production of space ships. Now Tesla confirmed it planned to add facilities at its Shanghai factory to repair and reproduce key components such as electric motors and battery cells, a document submitted by Tesla to Shanghai authorities showed.

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    • China GDP spikes by 18.3% in Q1 2021

      China GDP spikes by 18.3% in Q1 2021

      Chinese economy posted a robust growth in the first three months of this year edging up to 18.3%, AP reported quoting official statistics data. The rapid growth is attributed to a rebound from the pandemic crisis, but overall growth is running out of steam with key sectors like manufacturing seen stable at pre-Covid-19 levels with their advance being bound by several factors including the trade war with US.

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