Tag: Chinese

This Chinese battery maker will soon surpass Tesla in capacity

The next global powerhouse in the auto industry comes from a small city in a tea-growing province of southeast China, where an unheralded maker of electric-vehicle batteries is planning a US$1.3 billion factory with enough capacity to surpass the output of Tesla and dwarf the suppliers for battery-powered cars GM, Nissan and Audi. Contemporary Amperex Technology …

To tackle Chinese roads, Silicon Valley-born self-driving car start-up first has to conquer rain

A Silicon Valley-born self-driving car start-up is taking to the streets of Guangzhou to acclimatise itself to Chinese road conditions. One of the first things the autonomous car had to learn: piloting itself in rain. “It’s all sunny in California, while Guangzhou tends to rain more frequently close to April,” said James Peng, co-founder and chief …

May’s visit yields US$1.3b in Chinese funds for British biotech and life sciences companies

China’s increasing zeal for improving biotechnology and medical services is music to the ears of the British government after two venture capital firms received 8 billion yuan (US$1.3 billion) in funding commitments from mainland investors during Prime Minister Theresa May’s three-day visit last week. Future Planet Capital and Eight Great Technologies signed the memorandums of understanding …

Microsoft bot expertly translates news from Chinese to English

Journalists with bilingual skills may see their days numbered after Microsoft said it hit a “historic milestone” in developing a machine to match human level translation of news from Chinese to English. A team of Microsoft researchers said on Wednesday they have developed the first machine translation system that has the same quality and accuracy as …