Economy of China

Li Auto Inc. July 2021 Delivery Update

Retrieved on: 
Sunday, August 1, 2021
Li Auto, Companies of China, Companies, Economy of China

BEIJING, China, Aug. 01, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI), an innovator in Chinas new energy vehicle market, today announced that the Company delivered 8,589 Li ONEs in July 2021, crossing the 8,000-vehicle milestone for the first time while hitting a new record.

Key Points: 
  • BEIJING, China, Aug. 01, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI), an innovator in Chinas new energy vehicle market, today announced that the Company delivered 8,589 Li ONEs in July 2021, crossing the 8,000-vehicle milestone for the first time while hitting a new record.
  • As of July 31, 2021, total deliveries in 2021 reached 38,743, bringing cumulative deliveries of Li ONE to 72,340 since its market debut.
  • Driven by outstanding product features and performance, the 2021 Li ONE set an all-time high in monthly deliveries once again.
  • The Company started volume production of Li ONE in November 2019 and released the 2021 Li ONE in May 2021.

Lenovo Climbs 65 Places to Record #159 On ‘FORTUNE Global 500’ List

Retrieved on: 
Monday, August 2, 2021
Hardware, Consumer electronics, Mobile, Wireless, Other Technology, Technology, Companies, Lenovo, Supercomputing in China, Videotelephony, Zhongguancun, Fortune Global 500, Technology, Economy of China, Fortune 500

After achieving historical 2021 fiscal year results, Lenovo has been ranked #159 on FORTUNEs annual Global 500 List and in the top 20 (#15) of all Technology sector companies cited in the List.

Key Points: 
  • After achieving historical 2021 fiscal year results, Lenovo has been ranked #159 on FORTUNEs annual Global 500 List and in the top 20 (#15) of all Technology sector companies cited in the List.
  • The Fortune Global 500 is the annual ranking of the largest 500 corporations in the world as measured by total revenue.
  • Together, companies on The Global 500 generated US$31.7 trillion in revenue and US$1.6 trillion in profits in 2020, employ 69.7 million people worldwide and are represented by 31 countries.
  • Lenovo (HKSE: 992) (PINK SHEETS: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world.

China's Infliximab Market Investigation Report 2021-2025 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 29, 2021
Biotechnology, Genetics, Health, Oncology, Drugs, Monoclonal antibodies, Immunosuppressants, TNF inhibitors, Janssen Pharmaceutica, Infliximab, Janssen Biotech, Economy of China, China

The "Investigation Report on China's Infliximab Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Investigation Report on China's Infliximab Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
  • By 2020, Janssen Biologics BV is the only manufacturer in the Chinese Infliximab market.
  • According to the market research, since Infliximab entered the Chinese market in 2007, its sales have had an increasing trend.
  • 2 Sales of Infliximab in China, 2016-2020
    2.3 Sales of Infliximab by Dosage Form in China, 2016-2020
    3 Analysis of Major Infliximab Manufacturers in China, 2016-2020
    4 Prices of Infliximab for Different Manufacturers in China, 2020-2021
    5 Prospect of Chinese Infliximab drug Market, 2021-2025
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005802/en/

UnionTech and Evonik Set up a Joint Laboratory for 3D Printing

Retrieved on: 
Thursday, July 29, 2021
Articles, Emerging technologies, Industrial design, Industrial processes, 3D printing, Open-source hardware, Evonik Industries, Secondary sector of the economy, Economy of China, Economy

SHANGHAI, July 29, 2021 /PRNewswire/ -- UnionTech and Evonik announced the establishment of the "UnionTech and Evonik Joint R&D Laboratory" in Shanghai, China in late July, 2021.

Key Points: 
  • SHANGHAI, July 29, 2021 /PRNewswire/ -- UnionTech and Evonik announced the establishment of the "UnionTech and Evonik Joint R&D Laboratory" in Shanghai, China in late July, 2021.
  • The establishment of the joint laboratory will further accelerate the speed of new photopolymer product launch in the market, especially for the fast-growing Chinese market.
  • We will actively contribute our expertise in 3D printing materials and provide more efficient and faster additive manufacturing solutions for all industries."
  • The cooperation between UnionTech and Evonik is an inevitable collision and represents the mutual recognition and joint technology accumulation between the famous material giant in Germany and UnionTech, a local 3D printing enterprise in China.

Banco XCMG S.A. Completes First Foreign Exchange Settlement and Sale Transaction with Newly Gains Foreign Exchange License Approval in Brazil

Retrieved on: 
Thursday, July 29, 2021
XCMG, Pouso Alegre, Companies of China, Economy of China

Banco XCMG S.A., opened in July 2020 in Pouso Alegre, is the Chinese manufacturing industry's first overseas bank and the first Chinese-invested enterprise bank in Brazil.

Key Points: 
  • Banco XCMG S.A., opened in July 2020 in Pouso Alegre, is the Chinese manufacturing industry's first overseas bank and the first Chinese-invested enterprise bank in Brazil.
  • Upon receiving the license, the bank will be able to save exchange costs for XCMG Brazil at more favorable exchange rates, which is of great significance to improve the overall operating efficiency of XCMG's two companies in Brazil.
  • The foreign exchange license will expand Banco XCMG S.A.'s innovative service capabilities based on the real needs of customers.
  • A top-three equipment leasing company in Brazil has already purchased 42 units of XCMG excavators through Banco XCMG S.A.

Sany Becomes No. 1 in Excavators Sales Globally

Retrieved on: 
Wednesday, July 28, 2021
Other Professional Services, Other Energy, Manufacturing, Other Construction & Property, Alternative energy, Energy, Professional services, Construction & Property, Building Systems, Environment, Mining, Minerals, Natural Resources, Other Manufacturing, Landscape, Sany, Wind power in China, Excavator, Heavy equipment, Equipment, Economy of China, Economic sectors

Sany, a leading manufacturer of the construction equipment and heavy machinery space, has become the worlds number one company in excavators sales by selling 98,705 excavators in the year 2020 globally.

Key Points: 
  • Sany, a leading manufacturer of the construction equipment and heavy machinery space, has become the worlds number one company in excavators sales by selling 98,705 excavators in the year 2020 globally.
  • After all the hardships and struggle, the milestone that Sany has achieved on a global platform is absolutely commendable.
  • We would like to thank our customers for reposing immense faith in our brand and making Sany the No.
  • This accomplishment is the clear validation of a strong bond with our customers that Sany has made over the years.

Ping An Launches Pilot of Digital RMB Insurance Policies with Bank of China in Shenzhen

Retrieved on: 
Wednesday, July 28, 2021
Companies, Economy of China, H shares, Renminbi, Charoen Pokphand, Ping An Insurance, Shenzhen, Digital renminbi, Casualty insurance, Insurance

HONG KONG and SHANGHAI, July 28, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.

Key Points: 
  • HONG KONG and SHANGHAI, July 28, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.
  • Ping An Property & Casualty created the Comprehensive Insurance for Medical Staff policies in Nanshan District of Shenzhen in cooperation with the Bank of China.
  • The pilot aims to provide protection for medical staff, offer policy holders a digital wallet experience and enable digital RMB premium settlement.
  • For the insurance industry, the priorities are to better integrate the characteristics of the digital RMB network, launch a new business model of property and casualty insurance related to digital RMB storage, and drive strategic planning on digital RMB applications.

Ping An Launches Pilot of Digital RMB Insurance Policies with Bank of China in Shenzhen

Retrieved on: 
Wednesday, July 28, 2021
Companies, Economy of China, H shares, Renminbi, Charoen Pokphand, Ping An Insurance, Shenzhen, Digital renminbi, Casualty insurance, Insurance

HONG KONG and SHANGHAI, July 28, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.

Key Points: 
  • HONG KONG and SHANGHAI, July 28, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.
  • Ping An Property & Casualty created the Comprehensive Insurance for Medical Staff policies in Nanshan District of Shenzhen in cooperation with the Bank of China.
  • The pilot aims to provide protection for medical staff, offer policy holders a digital wallet experience and enable digital RMB premium settlement.
  • For the insurance industry, the priorities are to better integrate the characteristics of the digital RMB network, launch a new business model of property and casualty insurance related to digital RMB storage, and drive strategic planning on digital RMB applications.

Huaneng Power International, Inc. Net Profit Attributable to Equity Holders for The First Half Year Of 2021 Decreased By 26.14%

Retrieved on: 
Tuesday, July 27, 2021
China Huaneng Group, H shares, Companies, Huaneng Power International, Huaneng, Economy of China

The net profit attributable to equity holders of the Company was RMB4.019 billion (equivalent to approximately USD 622 million), representing a decrease of 26.14% compared to the same period of last year.

Key Points: 
  • The net profit attributable to equity holders of the Company was RMB4.019 billion (equivalent to approximately USD 622 million), representing a decrease of 26.14% compared to the same period of last year.
  • The main reason for the YoY decrease of the net profit is due to reducedprofits from business of domestic power sales and heat supply resulting from increased coal prices.
  • Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 114,042 MW and equity based generation capacity of 99,891 MW.
  • The Company also has a wholly owned power company in Singapore, and an invested power company in Pakistan.

China Dynamics Changes Name to Ev Dynamics

Retrieved on: 
Tuesday, July 27, 2021
Companies, XPeng, Economy of China

HONG KONG, July 27, 2021 - (ACN Newswire) - China Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), which provides new energy vehicles and technology integrated solutions, has changed the name of the Company from "China Dynamics (Holdings) Limited" to "Ev Dynamics (Holdings) Limited" to better reflect the current status of the Group's business development and its direction of future development.

Key Points: 
  • HONG KONG, July 27, 2021 - (ACN Newswire) - China Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), which provides new energy vehicles and technology integrated solutions, has changed the name of the Company from "China Dynamics (Holdings) Limited" to "Ev Dynamics (Holdings) Limited" to better reflect the current status of the Group's business development and its direction of future development.
  • Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, "The Group is to globalise its electric vehicles to world markets, including and not limited to Mainland China, Hong Kong, Asia Pacific and South America.
  • The stock short name of the Company for trading in the shares on The Stock Exchange of Hong Kong Limited will be changed from "CH DYNAMICS" to "EV DYNAMICS" in English with effect from 27 July 2021.
  • About Ev Dynamics (Holdings) Limited (Stock Code: 476)
    Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles.