IN BRIEF (Page 8)

CRRC to make new high-speed trains by 2020

CRRC Corp is developing new types of high-speed bullet trains that can run at up to 400 kmph, and trials will finish by 2020, said its chairman on Friday. The State-owned train-maker also plans to deliver maglev trains that can reach speeds of up to 600 km per hour by 2020, Liu Hualong said on the sidelines of the 19th CPC National Congress. The railway giant is also actively expanding its overseas markets, which will account for a quarter of its overall sales by 2020, according to Liu.

Nation urges EU to ease e-bike imports

The Ministry of Commerce has urged the European Union to terminate anti-dumping measures on Chinese electric bikes as soon as possible. China hopes the EU's investigation on e-bike imports will not be a new case for protectionism, according to a statement posted on the ministry's website on Friday.

Nickel producer to build new project in Guangxi

Jinchuan Group, China's top nickel producer, will start building a new project next year to produce raw materials for electric vehicle batteries, its chairman said. The project, in the southern port city of Fangchenggang, the Guangxi Zhuang autonomous region, where Jinchuan already smelts copper and nickel, will have an annual production capacity of 30,000 metric tons of nickel and 3,000 tons of cobalt by 2020, Wang Yongqian said. The company's three main metals "are all raw materials for electric cars," Wang said, forecasting "explosive growth" in EVs in China over the next five to 10 years.

(China Daily 10/21/2017 page8)