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China Automotive Systems Signs Supply Contract with Scania to develop eRCB steering systems for Scania’s trucks and buses

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Leading Chinese power steering components and systems supplier China Automotive Systems announced on Tuesday, January 25, that it has entered into an agreement with Scania AB to develop eRCB steering systems for Scania’s trucks and buses. Built upon CAAS’ proprietary technology and innovative knowledge coupled with CAAS’ advanced driver-assistance systems (“ADAS”) L4 platform, named AP04, this eRCB steering system is …

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OneConnect Recognized in the Patent Quality List of the World’s Top Ten Fintech Companies in 2021

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OneConnect Financial Technology Co., Ltd., a key driver of fintech strategy for associate Ping An Insurance Group of China, has helped the group to top the list of the World’s Top Ten Fintech Companies in 2021 in Patent Quality, followed by Ant Group and Alibaba. The list recently announced by 01Caijing Research Institute, one of China’s leading research organizations, showcases …

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Zoomlion Push the Industry Towards Carbon Neutrality Goal with New Pioneering Carbon Fiber Composite Material Technology

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Zoomlion Heavy Industry Science & Technology Co., Ltd. released on November 26 at its Lugu Industrial Park in Changsha, China the latest innovative carbon fiber composite material technology and pump truck equipped with a carbon fiber boom. This is the first pump truck with a carbon fiber boom completely designed and manufactured in China. It has not only improved working …

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Sales of BYD’s New Energy Passenger Vehicles Soared 252.7% Year-On-Year in November

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The latest sales data shows that BYD sold 97,242 passenger vehicles in November, increasing 84.1% year-over-year (YoY). In particular, the sales of New Energy Vehicle (NEV) reached 90,121 units, soaring 252.7% YoY and breaking a new record for the monthly sales of new energy passenger vehicles in China. BYD has seen sales growth for nine consecutive months since this March. …

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2021 International Finance Forum in Guangzhou estimates the Global Economy to Grow 5.9% in 2021 Due to Fiscal Stimulus and Monetary Accommodation amid Pandemic

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International Finance Forum (IFF) released on Saturday, November 4, its first “IFF Global Finance and Development Report,” aimed to analyze, outline and forecast global economic outlook, risks and policy priorities. The report shows that the global economy has seen a rebound thanks to expanding vaccination coverage, continued fiscal stimulus and monetary accommodation. Specifically, IFF estimates that the global economy is …