SAN FRANCISCO - A lawsuit filed Thursday accuses Tesla chief Elon Musk of trying to "burn" short-sellers by falsely tweeting that funding had been secured to take the electric car maker private.
In the next two to three years, Cadillac plans to develop a portfolio of vehicles covering about a 90 percent share of the luxury car market in China and worldwide, a big step up from its current 60 percent, according to Steve Carlisle, president of Cadillac and senior vice-president of General Motors.
Electric car startup Byton is charging ahead on its path to roll off its first model, an SUV, in late 2019 as construction is well under way on the first phrase of its plant - with a designed annual capacity of 100,000 units - in Nanjing, Jiangsu province.
Volkswagen Import, which issued the PLUS Spirit brand concept specifically tailored for China in June, said it has been maintaining a fast pace in bringing more of its authentic offerings to the country.
The GAC NE GE3 530 The GAC NE GE3 530 was launched in Beijing on Aug 27.
FAW-Volkswagen Automotive Co made the global debut of the localized all-new Audi Q2L SUV at the ongoing Chengdu Motor Show as part of the Sino-German joint venture's efforts to better meet the demands of younger customers in China.
China will enhance its international cooperation in patents as part of its effort to promote further opening-up, senior officials said at a key industry forum.
China is on a good way to implement a fully fledged IP protection system, not only patents, but also trademarks, designs, copyright, etc. I learned here this week that the Chinese patent system is supported from the highest State authority; the full administration is supporting patent protection. This is the best basis for a good system and for a wealthy economy. The challenge is that everything is so huge and (happening) so fast. And the patent offices have to speed up also. They have to deliver their services and procedures and so on, to meet the expectations from the public, from the inventors and innovators.
China's first contest to select and cultivate patents with high value was held in Beijing in August, with the aim of promoting the commercialization of patents and raising the awareness of intellectual property among the public.
Enhancing cooperation on intellectual property among countries involved in the Belt and Road Initiative will promote industrial upgrading and economic development for each participant, a senior official said.
In the first half of 2018, the number of patent applications proposed by China in the countries involved in the Belt and Road Initiative - excluding China - was 2,759, an increase of 26.9 percent year-on-year.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
