Reuters Asia Business

JAKARTA (Reuters) – China’s Zhejiang Huayou Cobalt is replacing South Korea’s LG Energy Solution as a strategic investor in one of Indonesia’s major EV battery projects, the country’s Energy and Mineral Resources Minister Bahlil Lahadalia said on Wednesday. LGES on Monday announced its withdrawal from the 142 trillion rupiah ($8.42 billion) project. Indonesia is keen …

China’s Huayou to replace LGES in Indonesian EV battery project, minister says Read More »

By Rajendra Jadhav MUMBAI (Reuters) -India has started raising palm oil purchases after a lull of five months as a correction in prices has made the tropical oil cheaper than rival soyoil, encouraging refiners to place orders to replenish inventories, four dealers told Reuters. Higher purchases by India, the world’s biggest buyer of palm oil, …

India starts raising palm oil buying as prices fall below soyoil Read More »

BERLIN (Reuters) -Bosch has received its first customer order in China for its high-performance computer, which will be used to create a cockpit featuring artificial intelligence (AI), the German car parts supplier said on Wednesday at the Shanghai auto show. Production of the computer, which a vehicle manufacturer in China will install in various models …

Bosch receives first Chinese order for high-performance computer for AI Read More »

SHANGHAI (Reuters) -Xiaomi on Wednesday denied a report that the launch of its highly-anticipated YU7 had been delayed and said the electric SUV would still go on the market in June or July, as CEO Lei Jun had earlier announced. Wang Hua, the head of Xiaomi’s public relations department, said on his personal Weibo account …

Xiaomi denies report of YU7 SUV launch delay, Lei Jun to skip Shanghai auto show Read More »

SHANGHAI (Reuters) -Chinese carmaker Guangzhou Automobile Group (GAC) said at the Shanghai auto show on Wednesday it would take responsibility for the safety of Level 4 autonomous driving vehicles, Chinese media outlet Jiemian reported. Level 4 models co-manufactured by GAC’s new energy vehicle subsidiary Aion and ride-hailing giant Didi Global will be demonstrated in some …

Carmaker GAC to take responsibility for safety of L4 autonomous cars, Jiemian reports Read More »

SINGAPORE – China’s Zhipu AI is ramping up its overseas expansion through a partnership with Alibaba Cloud, an executive said on Wednesday, as the startup prepares for an initial public offering. The Beijing-headquartered startup is pitching governments globally to help them launch localised sovereign AI agents, vice-president Carol Lin told an audience at tech conference …

Zhipu AI ramps up overseas expansion strategy ahead of IPO Read More »

By Francesco Guarascio (Reuters) -Cambodia should share a feasibility study on the impact of a planned China-backed canal that would divert water from the rice-growing floodplains of Vietnam’s Mekong Delta, said the body overseeing the transnational river. After months of uncertainty, Phnom Penh last week signed a deal with China to develop the Funan Techo …

Cambodia canal’s impact on Mekong questioned after China signs deal Read More »

By Che Pan and Brenda Goh BEIJING (Reuters) -Chinese search engine giant Baidu launched on Tuesday an AI agent Xinxiang, which it said can help users run tasks such as information analysis and plan travel more efficiently than using a chatbot service. Xinxiang is currently only available on Android smartphones, with an iOS version still …

Baidu launches AI agent Xinxiang for Android platform, iOS version under review Read More »