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.... . . given the company’s control by the PRC government”....
...The Shenzhen-based company’s founder and chair Li Yi hopes between 10 and 30 per cent of this year’s revenues will come from EV equipment, up from “almost nothing” in 2023....
...for the production of less-advanced chips not covered by US controls, according to a Japan-based used equipment seller....
...Nuctech said in a statement that its equipment “is protected from illegal data collection and security breaches by thorough controls, including from state authorities”....
...The UK in 2020 also banned Huawei equipment from the 5G network after pressure from the US....
...Under the deal, Ford would provide hybrid systems and other technical equipment for the cars, while for its own models it would benefit from Red Bull’s expertise in aerodynamics....
...The comments come as the US has imposed export controls on chips and equipment to hamper China’s ability to develop advanced technologies such as AI....
...The company manufactures factory equipment used to produce EV batteries....
...This ranges from its flagship lithium batteries, solar modules, electric-powered buses, trucks and trains to complex artificial intelligence and software used to control and connect transport and power systems...
...Schmidt said: “On EU CO₂ targets, think of a limbo dancer that has to get under a bar that is reduced every five years.”...
...The buoyant sales of hybrid electric vehicles counter concerns from some analysts that Toyota is not moving fast enough towards pure battery-electric vehicles (BEVs)....
...“Many incumbent OEMs rushed into electric vehicles without appreciating the far-reaching technological and design difference between combustion and electric vehicles,” he said....
...The Hague is pressing Brussels to co-ordinate export controls after being isolated last year....
...That gives Beijing a near-monopoly on permanent magnets used in electric vehicles, wind turbines and fighter jets....
...Demand for such humanoid manufacturing robots is going to be “significant”, according to a recent Goldman Sachs research note — particularly in electric vehicle assembly....
...The centre is being built at its biggest-ever research and development base, and its mission is to develop lithography machines, critical equipment targeted by US export controls....
...Shares in Kokusai Electric jumped as much as 32 per cent on its stock market debut in Tokyo on Wednesday, valuing the chip equipment maker at $3.6bn and making it Japan’s biggest initial public offering...
...“Laying eyes on equipment that I had never seen in Japan and their state of the art manufacturing, I was struck by a sense of crisis,” he recalled. “We’re in trouble!” Kato was right to worry....
...In-house chip development will give the equipment makers more control in programming the features and performances they wish to have, further differentiating their products from competitors....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...“With the stimulation from generative AI, electric vehicles and other technologies, we hope the tech industry could catch its breath in 2024 and even grow.”...
...KKR aims to float Hitachi Kokusai Electric at a level that values the company at ¥400bn ($2.7bn), according to two people familiar with the buyout group’s plans....
...to make electric vehicles....
...Co-founder Tan Chun Chiat says Malaysia has a “golden opportunity” to exploit....
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