China Tech Digest: NEV Booming During China’s National Day Holidays; China Achieves Mass Production Of Key Material For Chips


NEV booming during China’s National Day Holidays

Chinese new energy vehicle market has been booming during the National Day holidays. The stores of many mainstream NEV companies in Shanghai, such as Nio, Xiaopeng Motors, Leading Ideal, Huawei SERES and Tesla, are brisk. Now Nio’s several models will have to be waited a month or two before they are available, according to a sales staff of Chinese EV maker Nio.

China achieves mass production of single-crystal nano copper, a key material for chips

Chinese first single-crystal nano copper production line has been launched in Wenzhou, Zhejiang Province. It indicates that the key material for chip manufacturing, single-crystal nano copper, has achieved mass production. The technological breakthrough of single-crystal nano copper has realized the replacement of other precious metals with new copper-based materials in China, greatly reducing costs and prices by nearly 50% compared with similar foreign products. This material is mainly used in chips in the fields of communication, automobile, healthcare and industrial control.

Wu Jihan, co-founder of Bitmain: Chinese retail investors in cryptocurrency will soon disappear

Wu Jihan, co-founder of Bitmain, said, "In a very short time, Chinese retail investors will disappear. They will all withdraw from the cryptocurrency. Only those Chinese households with high net worth will stay in the cryptocurrency." He expressed optimism about the future of currency and blockchain. "In general, cryptocurrency is exciting, and the ecosystem it creates is constantly changing the world."

China’s first self-developed superconducting cable put into operation in Shenzhen

China’s first self-developed superconducting cable has been put into use in Shenzhen. It’s also the world’s first superconducting cable used in the central area of ​​a megacity, marking that China has fully mastered the key technologies in design, manufacturing and construction of superconducting cables. The new superconducting cable has a diameter of only 17.5cm and a length of 400 meters, with a maximum transmission capacity of 43 MVA, which is equivalent to meeting the powering demand of four 350km/h high-speed trains at the same time, achieving a transmission capacity of 5 times that of conventional cables.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

RELATED NEWS



LEAVE A REPLY