EU's Surprise for Xi Jinping: Raid on Chinese Companies A series of investigations into Chinese companies in Europe may deepen the conflict over subsidy disputes.Foreign companies are required to report subsidies received within three years for EU public tenders.The nine-month probe focuses solely on “Chinese,”indicating a potential escalation of the issue on the future agenda. According to Bloomberg and the South China Morning Post […]
Hyundai and Kia Lead the Charge: Four Wins in U.S. Eco-Friendly Car Awards Hyundai wins three awards, Kia one awardRecognized for their brand’s eco-friendly vehicle technology Hyundai Motor and Kia have been recognized for their eco-friendly vehicle technology in the United States. It won four of the 10 categories divided by vehicle model type. On the 22nd (local time), the American newsweekly U.S. News & World Report announced […]
China's Tianqi Lithium Suffers as Lithium Prices Plummet Tianqi Lithium, known as the King of Lithium in China, is expected to record a net loss of $682 million in the first quarter of this year. As a result, Tianqi Lithium’s stock price plummeted to its daily limit. According to Chinese media outlets such as Securities Times on the 24th, Tianqi Lithium announced its […]
Hyundai's Game-Changer: India as a Global Export Hub Chung Eui Sun, Chairman of Hyundai Motor Group, highlighted India’s strategic importance, stating, “We will continue to develop India as a global export hub as we expand our business into Asia, the Middle East, Africa, and other regions.” He also emphasized, “The Indian region has been pivotal in propelling the growth of Hyundai Motor Group, […]
Mercedes-Benz's G580 Changes the EV Game In China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]
Saudi Arabia's NEOM City Project: A Visionary Dream or Financial Nightmare? Saudi Arabia’s ambitious future city project, Neom City, appears to be struggling with funding. The Daily Mail reported on the 23rd (local time) that Tariq Khattab, the Executive Director of Neom, recently held roadshows in Beijing, Shanghai, and Hong Kong, meeting potential investors. However, no significant contracts were announced during the Chinese roadshow. The Daily […]
Apple's Worst Performance Since Pandemic: Q1 iPhone Sales Drop in China In the premium phone market, Huawei has gained market share over Apple’s iPhone According to a report by Bloomberg on the 23rd (local time), citing data from smartphone market research firm Counterpoint Research, iPhone sales in China plummeted by 19% in the first quarter of this year compared to the same period last year. This […]
Chile Strikes Back: Imposes Anti-Dumping Duties on Chinese Steel The Chilean government has decided to impose anti-dumping duties of up to 33.5% on two types of Chinese steel products that the domestic market with the prices. This comes amid a global trend of countering Chinese products, as evidenced by the U.S. government’s announcement on the 17th to raise tariffs on Chinese steel and aluminum […]
Tech War Escalates: China Bypasses U.S. Ban to Secure AI Chips Despite the U.S. embargo on advanced semiconductor exports, Chinese universities and research institutions have managed to secure Nvidia’s artificial intelligence (AI) chips through third parties. This suggests a loophole in the U.S. export control, which is being tightened. On the 23rd, Reuters reported that an analysis of hundreds of Chinese tender documents revealed that ten […]
Shein CEO Refutes Environmental Criticisms: Misunderstanding Due to Lack of Communication Donald Tang, Executive Chairman of Shein, has refuted criticism of the company’s environmental pollution, stating, “Our unfavorable reputation is due to a lack of understanding.” According to the French daily newspaper Le Figaro on the 23rd (local time), Tang, who recently visited Paris, France, said in an interview, “The misunderstanding about Shein is mainly because […]
Chinese EV Production in Mexico Threatened by U.S. Influence The Mexican government may halt incentives due to pressure from the United States when Chinese electric vehicle manufacturers aim to build factories, according to a Reuters report on April 18, 2024. Such moves concern access to cheap public land and tax breaks on Mexico’s EV production investment. Companies that can benefit from this include Tesla, […]
China's BYD Strikes Deal with Rêver Group: Electric Buses and Trucks Set to Roll Out in Thailand On March 10, 2024, Thai media reported that BYD had signed a memorandum of understanding with Rêver Bus & Truck, a subsidiary of Thailand’s Rêver Group, on March 28 to produce electric buses and trucks based on BYD technology. While no schedule was announced, the factory will, according to the media, produce interior and exterior […]
Apple's China Crisis: iPhone Sales Plunge by 19%, Market Share Declines Apple’s smartphone sales in China for the first quarter of this year have reportedly dropped 19% compared to last year. According to data from market research firm Counterpoint, cited by Reuters on the 23rd (local time), iPhone shipments in China for the first quarter plummeted by 19%, marking the worst performance since 2020. Apple’s market […]
LA to Vegas in 2 Hours: The Future of American Rail Travel Brightline West, an electric high-speed railway line connecting Las Vegas and Los Angeles, broke ground in Nevada on April 22, 2024. The Biden administration provided $3 billion in funding to Brightline West in December 2023. This was part of the previously allocated $6 billion and came from the transitory Infrastructure Law as part of the […]
Tesla Outshines Competitors with Lowest Maintenance Costs Consumer Reports in the United States has announced that Tesla has the lowest maintenance and repair costs among all brands. This year’s annual car survey for 2023, funded by consumer membership fees, features data obtained directly from thousands of car owners in the United States. Upon comparing the cumulative costs per brand over 1 to […]
Tesla's Fall Triggers Downward Spiral for Korean Battery Stocks Foreigners and institutions are both selling their shares at the same timeThe stock of companies like LGES and Samsung SDI faced a decline in valueThe focus of investors is on semiconductors and AI stocks The underperformance of the market leader, Tesla, and the ‘chicken game’ of electric vehicles have caused domestic secondary battery stocks to […]
Fashion World Shaken as U.S. Regulators Halt Tapestry's $8.5 Billion Acquisition Tapestry, the parent company of American fashion brand Coach, faced a roadblock from U.S. regulators in its bid to acquire Capri Holdings, which owns brands such as Michael Kors, for $8.5 billion (approximately 11.7 trillion KRW). According to the Financial Times (FT) and the Wall Street Journal (WSJ), on the 22nd (local time), the Federal […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green Tech As concerns escalated about a second China shock, with China exporting products like solar panels and electric vehicles at bargain prices to countries worldwide, including the U.S. and Europe, Saudi Arabia surprisingly defended China. According to the Financial Times (FT), on the 22nd (local time), Amin Nasser, CEO of Saudi Aramco, the state-owned oil company […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for Sale Express, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
China's Wind Turbine Exports Skyrocketed by 60.2% Despite Market Challenges As price competition in China intensifies, the focus is shifting towards exports. Last year, Chinese wind turbine exports saw a significant increase. The European Union (EU) has investigated subsidies for Chinese wind turbines following electric cars and solar power. Chinese companies are speeding up exports in response to intensified domestic market competition. On the 22nd, […]
EU's Surprise for Xi Jinping: Raid on Chinese Companies A series of investigations into Chinese companies in Europe may deepen the conflict over subsidy disputes.Foreign companies are required to report subsidies received within three years for EU public tenders.The nine-month probe focuses solely on “Chinese,”indicating a potential escalation of the issue on the future agenda. According to Bloomberg and the South China Morning Post […]
Hyundai and Kia Lead the Charge: Four Wins in U.S. Eco-Friendly Car Awards Hyundai wins three awards, Kia one awardRecognized for their brand’s eco-friendly vehicle technology Hyundai Motor and Kia have been recognized for their eco-friendly vehicle technology in the United States. It won four of the 10 categories divided by vehicle model type. On the 22nd (local time), the American newsweekly U.S. News & World Report announced […]
China's Tianqi Lithium Suffers as Lithium Prices Plummet Tianqi Lithium, known as the King of Lithium in China, is expected to record a net loss of $682 million in the first quarter of this year. As a result, Tianqi Lithium’s stock price plummeted to its daily limit. According to Chinese media outlets such as Securities Times on the 24th, Tianqi Lithium announced its […]
Hyundai's Game-Changer: India as a Global Export Hub Chung Eui Sun, Chairman of Hyundai Motor Group, highlighted India’s strategic importance, stating, “We will continue to develop India as a global export hub as we expand our business into Asia, the Middle East, Africa, and other regions.” He also emphasized, “The Indian region has been pivotal in propelling the growth of Hyundai Motor Group, […]
Mercedes-Benz's G580 Changes the EV Game In China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]
Saudi Arabia's NEOM City Project: A Visionary Dream or Financial Nightmare? Saudi Arabia’s ambitious future city project, Neom City, appears to be struggling with funding. The Daily Mail reported on the 23rd (local time) that Tariq Khattab, the Executive Director of Neom, recently held roadshows in Beijing, Shanghai, and Hong Kong, meeting potential investors. However, no significant contracts were announced during the Chinese roadshow. The Daily […]
Apple's Worst Performance Since Pandemic: Q1 iPhone Sales Drop in China In the premium phone market, Huawei has gained market share over Apple’s iPhone According to a report by Bloomberg on the 23rd (local time), citing data from smartphone market research firm Counterpoint Research, iPhone sales in China plummeted by 19% in the first quarter of this year compared to the same period last year. This […]
Chile Strikes Back: Imposes Anti-Dumping Duties on Chinese Steel The Chilean government has decided to impose anti-dumping duties of up to 33.5% on two types of Chinese steel products that the domestic market with the prices. This comes amid a global trend of countering Chinese products, as evidenced by the U.S. government’s announcement on the 17th to raise tariffs on Chinese steel and aluminum […]
Tech War Escalates: China Bypasses U.S. Ban to Secure AI Chips Despite the U.S. embargo on advanced semiconductor exports, Chinese universities and research institutions have managed to secure Nvidia’s artificial intelligence (AI) chips through third parties. This suggests a loophole in the U.S. export control, which is being tightened. On the 23rd, Reuters reported that an analysis of hundreds of Chinese tender documents revealed that ten […]
Shein CEO Refutes Environmental Criticisms: Misunderstanding Due to Lack of Communication Donald Tang, Executive Chairman of Shein, has refuted criticism of the company’s environmental pollution, stating, “Our unfavorable reputation is due to a lack of understanding.” According to the French daily newspaper Le Figaro on the 23rd (local time), Tang, who recently visited Paris, France, said in an interview, “The misunderstanding about Shein is mainly because […]
Chinese EV Production in Mexico Threatened by U.S. Influence The Mexican government may halt incentives due to pressure from the United States when Chinese electric vehicle manufacturers aim to build factories, according to a Reuters report on April 18, 2024. Such moves concern access to cheap public land and tax breaks on Mexico’s EV production investment. Companies that can benefit from this include Tesla, […]
China's BYD Strikes Deal with Rêver Group: Electric Buses and Trucks Set to Roll Out in Thailand On March 10, 2024, Thai media reported that BYD had signed a memorandum of understanding with Rêver Bus & Truck, a subsidiary of Thailand’s Rêver Group, on March 28 to produce electric buses and trucks based on BYD technology. While no schedule was announced, the factory will, according to the media, produce interior and exterior […]
Apple's China Crisis: iPhone Sales Plunge by 19%, Market Share Declines Apple’s smartphone sales in China for the first quarter of this year have reportedly dropped 19% compared to last year. According to data from market research firm Counterpoint, cited by Reuters on the 23rd (local time), iPhone shipments in China for the first quarter plummeted by 19%, marking the worst performance since 2020. Apple’s market […]
LA to Vegas in 2 Hours: The Future of American Rail Travel Brightline West, an electric high-speed railway line connecting Las Vegas and Los Angeles, broke ground in Nevada on April 22, 2024. The Biden administration provided $3 billion in funding to Brightline West in December 2023. This was part of the previously allocated $6 billion and came from the transitory Infrastructure Law as part of the […]
Tesla Outshines Competitors with Lowest Maintenance Costs Consumer Reports in the United States has announced that Tesla has the lowest maintenance and repair costs among all brands. This year’s annual car survey for 2023, funded by consumer membership fees, features data obtained directly from thousands of car owners in the United States. Upon comparing the cumulative costs per brand over 1 to […]
Tesla's Fall Triggers Downward Spiral for Korean Battery Stocks Foreigners and institutions are both selling their shares at the same timeThe stock of companies like LGES and Samsung SDI faced a decline in valueThe focus of investors is on semiconductors and AI stocks The underperformance of the market leader, Tesla, and the ‘chicken game’ of electric vehicles have caused domestic secondary battery stocks to […]
Fashion World Shaken as U.S. Regulators Halt Tapestry's $8.5 Billion Acquisition Tapestry, the parent company of American fashion brand Coach, faced a roadblock from U.S. regulators in its bid to acquire Capri Holdings, which owns brands such as Michael Kors, for $8.5 billion (approximately 11.7 trillion KRW). According to the Financial Times (FT) and the Wall Street Journal (WSJ), on the 22nd (local time), the Federal […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green Tech As concerns escalated about a second China shock, with China exporting products like solar panels and electric vehicles at bargain prices to countries worldwide, including the U.S. and Europe, Saudi Arabia surprisingly defended China. According to the Financial Times (FT), on the 22nd (local time), Amin Nasser, CEO of Saudi Aramco, the state-owned oil company […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for Sale Express, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
China's Wind Turbine Exports Skyrocketed by 60.2% Despite Market Challenges As price competition in China intensifies, the focus is shifting towards exports. Last year, Chinese wind turbine exports saw a significant increase. The European Union (EU) has investigated subsidies for Chinese wind turbines following electric cars and solar power. Chinese companies are speeding up exports in response to intensified domestic market competition. On the 22nd, […]
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