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01/08/2025

Pakistani business magnate Mian Mohammad Mansha is setting up a factory to build electric-powered vehicles in partnership with one of China’s largest car exporters, Chery Automobile Co., Bloomberg reported.

Top White House officials told a group of rare earths firms last week that they are pursuing a pandemic-era approach to ...
01/08/2025

Top White House officials told a group of rare earths firms last week that they are pursuing a pandemic-era approach to boost U.S. critical minerals production and curb China's market dominance by guaranteeing a minimum price for their products, Reuters reported, citing five sources familiar with the plan.

The previously unreported July 24 meeting was led by Peter Navarro, President Donald Trump's trade advisor, and David Copley, a National Security Council official tasked with supply chain strategy. It included ten rare earths companies plus tech giants Apple, Microsoft and Corning, which all rely on consistent supply of critical minerals to make electronics, the sources said.

Reuters: Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan f...
01/08/2025

Reuters: Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan fund to acquire and shut down roughly a third of production capacity and restructure part of the loss-making sector, GCL Technology Holdings said.

CATL's Q2 net profit rose 34% year-on-year to 16.5 billion yuan, up from 32.9% growth in Q1. Revenue increased 8.3% to 9...
31/07/2025

CATL's Q2 net profit rose 34% year-on-year to 16.5 billion yuan, up from 32.9% growth in Q1. Revenue increased 8.3% to 94.2 billion yuan, compared to a 6.2% rise in Q1.

China's official manufacturing Purchasing Managers' Index (PMI) fell to 49.3 in July from 49.7 in June, the National Bur...
31/07/2025

China's official manufacturing Purchasing Managers' Index (PMI) fell to 49.3 in July from 49.7 in June, the National Bureau of Statistics said Thursday.

US President Donald Trump said on Wednesday that talks were moving along with China and he expected the two sides would ...
31/07/2025

US President Donald Trump said on Wednesday that talks were moving along with China and he expected the two sides would reach a fair deal on trade.

"We're moving along with China. We're doing fine with China," Trump told reporters at the White House. "I think it's going to work out very well. We're right in step. I think we're going to have a very fair deal with China."

LG Energy Solution has signed a $4.3 billion contract to supply Tesla with lithium iron phosphate (LFP) batteries for en...
30/07/2025

LG Energy Solution has signed a $4.3 billion contract to supply Tesla with lithium iron phosphate (LFP) batteries for energy storage systems, Reuters reported, citing a person familiar with the matter.

29/07/2025

Changan Automobile has begun operating as an independent automaker controlled by China's central government, state television CCTV reported on Tuesday.

US Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negot...
29/07/2025

US Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm.

The U.S. House of Representatives Select Committee on China said on Thursday it sent subpoenas addressed to JPMorgan Cha...
25/07/2025

The U.S. House of Representatives Select Committee on China said on Thursday it sent subpoenas addressed to JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan over their banks' roles in underwriting the initial public offering of Chinese battery manufacturer CATL.

Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to captu...
24/07/2025

Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to capture growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday.

The plant has been under construction since April near Karachi in a partnership between BYD and Mega Motor Company, a subsidiary of Pakistani utility Hub Power, Danish Khaliq, vice president of sales and strategy at BYD Pakistan, told Reuters.

Sinopec's 1H25 oil and gas production was 260 million boe, up 2% YoY. Crude oil production was 140 million bbls, a sligh...
24/07/2025

Sinopec's 1H25 oil and gas production was 260 million boe, up 2% YoY. Crude oil production was 140 million bbls, a slight decline of 0.3% YoY. Natural gas production amounted to 736.28 billion cubic feet, up 5.1% YoY.

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