US Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee

All invited speakers agreed that the United States must launch a digital currency to remain globally competitive.

Nasdaq's Crypto Move, $160M DeFi Hack, Hong Kong CBDC + More News

Source: AdobeStock / JHVEPhoto Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Exchange news Nasdaq Inc., the second-largest stock exchange, is hiring a new group ...

Chinese IC startups face uncertain outlook

Macroeconomic factors and changing investment strategy have taken their bites on China’s semiconductor startups. As Financial Times reported, weakening market demand, especially in the consumer sector, has changed investment strategy, hitting Chinese startups in the process. In 2020, approximately ...

XPeng launches urban-used ADAS functions in Guangzhou

China-based XPeng just started a pilot program of its City Navigation Guided Pilot (City NGP), an Advanced Driver Assistance System (ADAS) enabling changing lanes, reacting to traffic lights and other driving tasks. The EV startup claimed it is China’s ...

Tesla Shanghai factory expansion completed and undergoing tests

Tesla finished upgrading production lines at its Shanghai factory on Monday and is testing them until November 30 as it doubles the plant’s annual output to one million vehicles. The upgrade took nine months, according to a document filed ...

Sunwoda to build battery plant with Donfeng in China

The Chinese battery manufacturer Sunwoda Electric Vehicle Battery is building a battery factory with Dongfeng in the city of Yichang in the Chinese province of Hubei. The plant will be designed for an annual production capacity of 30 GWh ...

Sinotruck & Weichai take order for 1,100 FCEVs in China

In China, China National Heavy Duty Truck Group (Sinotruck) and Weichai Power have received orders from three companies for a total of 1,100 fuel cell trucks to be delivered in the next two to three years. The 1,100 vehicles ...

CATL introduces new battery tech called MTB for HGVs

CATL has introduced a new battery technology called MTB (Module to Bracket) for heavy-duty electric trucks. The MTB technology integrates the battery module directly into the vehicle’s chassis, which, according to CATL, enables a 40 per cent increase in ...

Chinese variants of Galaxy Z Flip 4, Z Fold 4 might feature 16GB RAM

Usually, Samsung launches slightly different versions of its foldable smartphones in China. They even lack the Galaxy branding. Now, it is being reported that Samsung will launch Chinese variants of the Galaxy Z Flip 4 and the Galaxy Z ...

Mars Might Have Been Covered in Lakes in the Ancient Past

Ever since robotic explorers began visiting the Red Planet during the 1960s and 70s, scientists have puzzled over Mars’ surface features. These included flow channels, valleys, lakebeds, and deltas that appear to have formed in the presence of water. ...

Lithium smashes new record as supply struggles to feed EV growth

A customs officer inspects imported lithium carbonate at Longwu Branch Terminal of Shanghai İnternational Port (Group) Co., Ltd. on June 6, 2022 in Shanghai, China. (Photo via Getty Images) The surge in prices of lithium, the key battery material ...

CMOS image sensor sales to suffer first drop in 13 years

CMOS image sensor sales are expected to suffer their first sales decline in 13 years because of a smartphone slump, low camera growth in handsets, and weak global economy, according to IC Insights. For most of the last two decades, ...

Vietnam, Philippines, India, China Among Top Countries for Crypto Adoption, Chainalysis Global Index Shows

Blockchain analytics firm Chainalysis has published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the overall adoption slows worldwide in bear markets, it “remains above pre-bull ...

Thailand Bans 'Depository Services', Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News

Source: Adobe/koldunova_anna Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Regulation news Thailand’s Securities and Exchange Commission (SEC) has banned crypto companies from offering staking ...

Webworm hackers modify old malware in new attacks to evade attribution

The Chinese ‘Webworm’ hacking group is experimenting with customizing old malware in new attacks, likely to evade attribution and reduce operations costs. Webworm is a cyberespionage cluster active since at least 2017 and previously linked to attacks on IT ...

U.S. Lawmakers Grill Top TikTok Exec Over Alleged Handover of U.S. User Data to China

A top TikTok executive was grilled by U.S. lawmakers Wednesday on allegations that the short video sharing app may leak data of its users in the United States to the Chinese government. This marked the first time a top ...

Chinese hackers create Linux version of the SideWalk Windows malware

State-backed Chinese hackers have developed a Linux variant for the SideWalk backdoor used against Windows systems belonging to targets in the academic sector. The malware is attributed with high confidence to the SparklingGoblin threat group, also tracked as Earth ...

Chinese state hackers create Linux variant for SideWalk backdoor

State-backed Chinese hackers have developed a Linux variant for the SideWalk backdoor used against Windows systems belonging to targets in the academic sector. The malware is attributed with high confidence to the SparklingGoblin threat group, also tracked as Earth ...

China's Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan

Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to ...

Chery Will Use Customer Service To Win Over Malaysian Buyers

Chery has stated its intention to take a user-centric service concept for imminent re-entry into the Malaysian market to continuously improve service quality and satisfaction. Naturally, a solid after-sales strategy and a focus on exceeding customer expectations is pretty much ...

USA sets restrictions on chip and AI factory equipment exports to China

The U.S. Department of Commerce is planning to push new regulations under the Biden administration to impose additional export restrictions on AI and chipmaking tools to China. The Commerce Department has reportedly sent so-called “is informed” letters to a ...

Central Bank of China Calls for Increasing Use of Digital Yuan

The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient ...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy ...

BMW confirms use of round-battery cells for New Class

BMW now officially confirms the use of new round-format battery cells in its ‘New Class’ electric models from 2025. The cells are to be produced by partners in a total of six factories with annual capacities of 20 GWh ...

China notes marked increase in EV sales over August

China’s NEV sales data shows a total of 632,000 cars sold in in August, more than in any previous month. Battery-electric vehicles continue to account for the vast majority of NEV sales in China, with 490,000 new BEVs in ...

China's BYD Strikes Deal to Build EV Factory in Thailand for 2024 Production

The Chinese electric car and battery maker announced it will be expanding its production in Thailand and other countries. China’s electric vehicle (EV) giant BYD revealed on Thursday that it will build a production facility in Rayong, Thailand on ...

MetaWeb Ventures raises $30M for builder focused blockchain fund

MetaWeb Ventures, a global venture capital firm focused on pre-seed and seed investments in crypto start-ups, announced Thursday the launch of its first fund (Fund I), with total capital commitments of $30 million. Limited partners (LPs) in the fund ...

Nio’s newest business numbers remain low due to high investment

Nio has presented its business figures for the second quarter of 2022. According to the figures, the Chinese manufacturer delivered 25,059 electric cars from April to June. This is 14.4 per cent more than in the same quarter last ...

Chinese EV maker Nio reports decreased 2Q22 margin, facing substantial delivery pressure in 4Q22

China-based EV startup Nio’s total revenues reached CNY10.29 billion (US$1.54 billion) in the second quarter of 2022, a 21.8% increase from the previous year. However, the company’s overall gross margin and vehicle margin both declined mainly due to the growing ...

Xiaomi to reportedly adopt Hesai LiDAR for first autonomous EV

China-based smartphone vendor Xiaomi has stepped into developing autonomous electric vehicles (EVs), and will reportedly adopt LiDARs developed by China-based Hesai Technology for its first autonomous EV, according to industry sources. Xiaomi has so far invested CNY3.3 billion (US$478 million) ...

Canada building EV from the ground up to showcase auto industry capabilities

With the ongoing automotive electrification, Canada’s Automotive Parts Manufacturers’ Association (APMA) has devoted to Project Arrow to build an EV from the ground up. The collaborative project will bear fruit when unveiling a concept car at the end of ...

Tesla Model 3, Model Y Delivery Time Has Been Reduced by 50% in China

Tesla Model 3 and Model Y delivery time has been significantly reduced, with some models seeing up to a 50% reduction in wait time in China. The website of Tesla in the Asian nation now shows updated estimated delivery dates ...

Samsung doesn’t want to become collateral damage in US-China chip war

The global semiconductor market only has a handful of major players. The United States is investing heavily to become one of the leading players. It also wants to limit China’s rising dominance in the market. The US has openly ...

EKPO Fuel Cell is launching a Chinese subsidiary

EKPO Fuel Cell Technologies, the fuel cell joint venture between ElringKlinger and Plastic Omnium, is expanding its activities in China by establishing a Chinese subsidiary. The aim is to manufacture the first stacks in the city of Suzhou before ...

Aito releases electric SUV M5 EV in China

Aito, a subsidiary of Huawei and Seres, is launching its first all-electric model in China. Called the Aito M5 EV, the electric SUV is available with either rear- or all-wheel drive at prices starting at 288,600 and 319,800 yuan ...

Honda is bundling battery procurement in China

Honda is raising the curtain on a Japanese-Chinese procurement initiative: The company plans to set up a joint venture in China with its Chinese partners Dongfeng and GAC at the end of this month. The goal is to bundle ...

China keenly developing homegrown IGBT power chips for vehicles

Chinese chipmakers are keen on developing homegrown automotive power semiconductors, particularly IGBT chips and modules long in shortage, looking to replace part of foreign supplies from Infineon and other international IDMs, and their efforts are gradually paying off, according ...

Honda secures battery materials supply for EV ramp-up

Honda Motor has picked up the pace for electrification to fulfill a goal of making zero-emission vehicles only by 2040. On September 6, it announced a strategic partnership with trading company Hanwa to guarantee stable procurement of critical battery ...

Rohm, Nanjing SemiDrive team up for automotive solutions

Rohm Semiconductor has announced that it is partnering with SemiDrive Technology, a China-based SoC manufacturer of next-generation cockpits, to develop automotive solutions. The pair has signed an advanced technology development partnership for the automotive field. Rohm and SemiDrive have ...

Huawei's latest satellite capability launches China's BeiDou into the global smartphone race

Launching the Mate 50 smartphone series on September 6, the CEO of Huawei’s Consumer Business Group, Richard Yu, confirmed earlier speculations that the latest product could support satellite-based short message service (SMS). A day earlier, Huawei had already released ...

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