China is reinforcing its grip on key minerals and battery technologies as tensions with the US escalate over tech trade policies. Fortune reports that China dominates the processing of gallium and lithium, essential elements in semiconductors and electric vehicle (EV) batteries. Leading Chinese firms such as CATL, a major supplier to global automakers, have become critical players in the industry
China is making strides in AI chip self-sufficiency with the open-sourcing of Chitu, a large-scale model inference engine developed by Tsinghua University-backed AI startup Qingcheng.AI. The company has also launched a full-scale deployment solution, positioning Chitu as an alternative to Nvidia's Hopper series and a crucial driver in China's evolving AI ecosystem
Chinese electronic design automation (EDA) company Empyrean Technology has announced plans to buy its counterpart Xpeedic through the issuance of new shares and cash
AMD CEO Lisa Su is in China to strengthen the company's partnerships with local technology firms. During her visit, she attended AMD's AI PC innovation summit, Advancing AI, in Beijing and is expected to remain in the country for at least a week. She is also set to participate in the China Development Forum on March 23
Industry insiders suggest that since Huawei was placed on the US Entity List in 2019, the company has faced continuous challenges in obtaining related technologies. The license for Windows operating systems for personal computers (PCs) is set to expire in March, raising concerns that ongoing pressure from the US may hinder Huawei's ability to secure a renewal agreement with Microsoft
Xiaomi's fourth-quarter financial surge, boasting a 49% revenue jump and a 90% net income rise, was significantly propelled by its successful EV launch. The SU7 exceeded delivery goals, driving Xiaomi to raise its 2025 EV production target to 350,000 units, highlighting a major push into the automotive market
CATL, the world's largest electric vehicle (EV) battery manufacturer, has agreed to invest up to CNY2.5 billion (approx. US$345.5 million) in collaboration with NIO to expand China's battery-swapping infrastructure
BYD unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel
Mitsubishi Electric expects revenue from its defense system business to soar to at least JPY600 billion (approx. US$4.03 billion) in fiscal 2031, with its operating profit to more than quadruple, thanks to an increase in spending by the Japanese government to reinforce the country's defense capabilities
Construction material maker Buima saw its gross margin reach 14.56% in 2024, boosted by solid shipments of battery module products and a marked increase in exports of metal construction materials, yet heightened competition in the wall panel market in China led to an overall loss for the year. Going forward, the company hopes to see more positive operations from cost reduction strategies and green products
With competitive pressure increasing in the Chinese market, compounded by various unfavorable factors globally, Tesla China announced on March 17 that it will offer a one-month free trial of its full self-driving (FSD) feature. This initiative is viewed as an urgent measure to stimulate sales in the Chinese market and demonstrates Tesla's effort to enhance competitiveness and reverse declining sales
Recent media reports suggest that Samsung Electronics' ambitious initiative to develop the 1.4-nanometer (SF1.4) process is facing significant challenges. This development could once again place Samsung Foundry in a difficult position
INCJ, a public-private partnership overseen by the Japanese Ministry of Economy, Trade and Industry (METI), has disclosed that it has sold all its shareholding in Japan Display (JDI) via the market, incurring a loss of JPY154.7 billion (US$1.05 billion)
According to the China Association of Automobile Manufacturers, China's automobile export volume reached 5.859 million units in 2024, representing a year-over-year increase of 19.3%. This includes 4.574 million internal combustion engine vehicles and 1.284 million new energy vehicles
