(RTTNews) - WeRide Inc. (WRD) on Monday said it has expanded its collaboration with Lenovo to accelerate large-scale commercialization of Level 4 autonomous driving, with plans to deploy 200,000 autonomous vehicles worldwide over the next five years starting 2026.
(RTTNews) - WeRide Inc. (WRD) on Monday said it has expanded its collaboration with Lenovo to accelerate large-scale commercialization of Level 4 autonomous driving, with plans to deploy 200,000 autonomous vehicles worldwide over the next five years starting 2026.
(RTTNews) - European stocks look set to open higher on Monday after the S&P 500 and the Nasdaq 100 closed at fresh record highs on Friday on renewed optimism around artificial intelligence.
(RTTNews) - European stocks look set to open higher on Monday after the S&P 500 and the Nasdaq 100 closed at fresh record highs on Friday on renewed optimism around artificial intelligence.
(RTTNews) - Denso Corp. (DNZOY, 6902.T, DNZOF), a manufacturer of automotive components, on Monday, said media reports regarding its acquisition proposal for ROHM Co., Ltd. (ROHCY, 6963.T), a Japanese electronics and semiconductor manufacturer, which have not been announced by t
(RTTNews) - Denso Corp. (DNZOY, 6902.T, DNZOF), a manufacturer of automotive components, on Monday, said media reports regarding its acquisition proposal for ROHM Co., Ltd. (ROHCY, 6963.T), a Japanese electronics and semiconductor manufacturer, which have not been announced by t
A US move to sanction one of China’s largest private refiners over ties to Iran will hurt a vast and already embattled petrochemicals sector — but the collateral damage will extend far beyond oil. The Treasury Department announced on Friday that it had blacklisted Hengli Petrochemical (Dalian) Refinery Co. The target is the most ambitious to date in China’s refining sector, and underscores US eage...
A US move to sanction one of China’s largest private refiners over ties to Iran will hurt a vast and already embattled petrochemicals sector — but the collateral damage will extend far beyond oil. The Treasury Department announced on Friday that it had blacklisted Hengli Petrochemical (Dalian) Refinery Co. The target is the most ambitious to date in China’s refining sector, and underscores US eagerness to push Iran to the negotiating table at all costs, even just weeks before an expected and long-awaited meeting between President Donald Trump and his counterpart Xi Jinping. “With Trump set to visit Beijing in May, this move is like a bargaining chip deployed by Washington, given the lack of progress on the Iran War and the Strait of Hormuz,” said Liao Na, founder of GL Consulting, which analyszes China’s energy and industrial sectors. Until now, wary of the economic and diplomatic fallout, Washington’s efforts to cut off Tehran’s oil revenue have targeted smaller Chinese companies and facilities. Hengli, by contrast, is a representative of the most modern of China’s private refiners, with a sprawling oil-processing and chemicals complex in the northeastern province of Liaoning. While the country does still have an army of small independent players — the original so-called teapots — larger entities like this one are now giant operations. Altogether, the private sector accounts for as much as a third of refining capacity, in a country where energy security is an unchallenged priority. “The sanctions on Hengli are an escalation,” said Erica Downs , senior research scholar at Columbia University’s Center on Global Energy Policy, who has spent years studying the sector. Hengli “is also the very type of integrated refining-petrochemical facility that which Beijing wants to concentrate on — and is an Aramco customer.” China has long been the single largest buyer of Tehran’s oil shipments, many of them arriving indirectly and through private refiners, and then turned into g...