China

GM to work closely with CATL in its China EV push: executive

SHANGHAI (Reuters) – General Motors (GM.N) will “work very closely” with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) (300750.SZ) as it ramps up electric production in the world’s biggest auto market, a senior executive said.

FILE PHOTO: Buick’s electric vehicle(EV) Velite 6 of GM is unveiled during the media day for Shanghai auto show in Shanghai, China April 15, 2019. REUTERS/Aly Song/File Photo

The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc (TSLA.O) in the sector.

“We have already established a good working relationship and supply agreement with CATL,” said Julian Blissett, GM’s China president. “We will work very closely with CATL in the future.”

“We are not planning on importing any major components for new energy vehicles. The drive units,

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Apple must face U.S. shareholder lawsuit over CEO’s iPhone, China comments

(Reuters) – A federal judge said Apple Inc (AAPL.O) must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.

FILE PHOTO: People wearing protective face masks walk next to a Huawei advertisement and an Apple store in Shanghai following an outbreak of the novel coronavirus disease (COVID-19), in Shanghai, China May 25, 2020. REUTERS/Aly Song/File Photo

While dismissing most claims, U.S. District Judge Yvonne Gonzalez Rogers ruled late Tuesday that shareholders can sue over Chief Executive Tim Cook’s comments touting strong iPhone demand on a Nov. 1, 2018 analyst call, only a few days before Apple told its largest manufacturers to curb production.

“Absent some natural disaster or other intervening reason, it is simply implausible that Cook would not have known that iPhone demand in China was falling mere days before

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Geely’s Polestar to open 20 showrooms in China to compete with Tesla

People look at a Polestar 2 electric sedan displayed in a shopping mall in Shanghai, China May 5, 2020. Picture taken May 5, 2020. REUTERS/Yilei Sun

BEIJING (Reuters) – Polestar, the premium electric vehicle maker owned by China’s Geely, plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc’s locally made Model 3.

Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China’s eastern city of Taizhou.

Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world’s biggest auto and EV market, as they line up model launches.

The automaker plans to export Polestar 2 sedans to Europe and the United States, and will open showrooms first

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China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator

LONDON (Reuters) – China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.

A man walks past a Huawei company logo at the International Consumer Electronics Expo in Beijing, China August 2, 2019. REUTERS/Thomas Peter

Cotton is one of several members of the U.S. Congress who have sought to put pressure on Britain to reverse its January decision to give China’s Huawei Technologies a limited role in building Britian’s next-generation 5G networks.

“It is my hope that the special relationship remains strong although I fear China is attempting to drive a hi-tech wedge between us using Huawei,” Cotton told the British parliament’s defense committee.

The United States has raised security concerns about Huawei equipment, saying it could be used to steal Western secrets, and has warned that allies that use it in their

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