- China used its “unreliable entity checklist” for the primary time ever to sanction Lockheed Martin and Raytheon over promoting arms to Taiwan. The transfer is suspected to be a response to the American blacklisting of six Chinese language entities over the “spy balloon” drama in January. (CNN)
- Whereas the official casualty depend from China’s newest wave of covid infections is 83,150, estimates from epidemiology specialists are a lot increased, starting from 970,000 to 1.6 million. (New York Instances $)
- Now is just not a great time for Chinese language metaverse believers. Each ByteDance and Tencent reported layoffs final week of their virtual-reality-related groups. (Yicai International)
- Experience-hailing app DiDi’s comeback in China reveals the fragile steadiness between the federal government’s targets of containing Huge Tech and fostering financial development. (Wired $)
- ASML, the Dutch lithography machine firm, accused a former China-based worker of stealing confidential data within the final couple of months. (Bloomberg $)
- Bao Fan, a Chinese language billionaire banker who brokered a few of the largest acquisitions within the Chinese language tech business, has gone lacking with no rationalization. (BBC)
Misplaced in translation
Constructing a charging infrastructure that may serve the quickly growing variety of EVs in China has turn out to be a tough difficulty. As Chinese language publication Time Weekly reported, through the Lunar New Yr interval, Chinese language EV house owners on highway journeys needed to wait at freeway service stations for hours earlier than they might cost their vehicles. The identical occurred final summer time when an excessive warmth wave disabled the grid in some components of China.
At the moment, for every public charging publish in China, there are greater than 12 EV house owners who can’t cost at residence of their densely populated city neighborhoods. The dearth of public infrastructure has impressed some house owners to lease out their personal charging posts, since these posts should not getting used 90% of the time. The earnings from renting them out, which might attain over 2,000 RMB ($290) yearly, assist repay the prices of putting in them. However to date, most house owners of personal charging posts have but to comprehend that sharing is a risk: it’s estimated that solely 2.1% are shared with different EV house owners.
