JERUSALEM-Hundreds of Israeli startups showed their best transport technologies in front of buyers and potential partners from the global automobile industry at a major smart mobility event.
BEIJING - More than 3,200 activities were held across China to celebrate this year's Cultural and Natural Heritage Day, which falls on the second Saturday of every June.
As the birthplace of porcelain, paper-cutting, shadow play, embroidery and countless other innovations, China is to celebrate its 14th Cultural and Natural Heritage Day, which falls on June 8. A nationwide carnival will be held for the public to experience and learn about the country's rich culture and heritage.
BEIJING - China has made notable progress in enhancing enterprises' innovation capabilities in recent years, a senior official said.
Guangdong province in South China is to relax its restrictions on purchasing vehicles in the cities of Guangzhou and Shenzhen to boost car sales and industry insiders are calling for other cities with similar rules to follow suit.
German carmaker Daimler is pulling its car-sharing program out of China as of June 30, in a sign of falling recognition of the business model that was believed to be a new way for consumers to experience driving and eventually leading to less people buying cars.
Chinese electric vehicle maker Nio is to receive an investment of up to 10 billion yuan ($1.45 billion) from a State-owned fund in Beijing, which will help to further boost its competitiveness as one of the most prominent automotive startups in the country.
With a raft of Chinese-listed automotive parts companies releasing their first-quarter financial reports, the losses of some reflect the gloomy auto market in the country.
Tesla Inc began taking orders for its China-made Model 3 vehicles on Friday, with deliveries expected to begin in six-to-10 months, the latest effort of the United States-based electric carmaker to step up its presence in the world's largest automotive market.
MILAN/PARIS-Fiat Chrysler pitched a finely balanced merger of equals to Renault last week in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world's third-biggest carmaker.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
