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09.02.26 - 08:06
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China′s Nio raises US$2.6 billion bet on EV battery swapping, plans to add 1,000 stations (SCMP)
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Chinese electric vehicle (EV) maker Nio plans to add another 1,000 battery swapping stations to its network this year, adding to its US$2.6 billion bet on the technology despite a challenge from fast-charging batteries as it touts its 100 millionth swap.
The company's 3,729 stations allow owners of compatible Nio EVs to exchange a spent battery pack for a charged one in just three minutes, and most navigate the car into position automatically. Created to ease anxiety over range and slow......
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09.02.26 - 06:18
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China′s Pop Mart gains on earnings hopes as investors eye growth beyond Labubu (SCMP)
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Pop Mart's shares climbed on Monday after the Chinese toymaker highlighted strong operating momentum at its annual gathering, reinforcing investor confidence ahead of earnings.
The company's Hong Kong-listed stock rose 5.8 per cent to HK$257.20 for noon break. Shares are now up more than 33 per cent year to date, though still about 24 per cent below their August peak of HK$339.80.
Founder Wang Ning said at the company's annual party on Friday that registered users had surpassed 100 million......
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09.02.26 - 05:48
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China challenges US in new drugs after industry transformation (SCMP)
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In barely a decade, China has transformed from a maker of cheap generic copies of Western medicines into a global powerhouse of pharmaceutical innovation.
The country now only trails the United States in novel drugs under development, with a 29 per cent share, according to McKinsey. International pharmaceutical companies are beating a path to China's shores to license next-generation treatments for cancer, autoimmune diseases and other disorders.
Government support, including regulatory and......
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