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FREMONT, California, June 25 (Reuters) - Self-driving tech company Pony.ai, backed by Toyota Motor Corp, is considering going public in the United States to help fund its goal of commercializing driverless ride-hailing services, its chief executive told Reuters. “We’re still debating and considering,” said Peng, when asked about the time frame for a public share sale. Earlier this month, it said it had begun driverless testing on public roads in California’s Fremont and Milpitas ahead of the planned launch of a robotaxi service next year. It has also been testing driverless vehicles in Guangzhou, China. He said the next big challenge is to reduce manufacturing costs for driverless vehicles while expanding into more cities and regions and ensuring safety in different environments.
Persons: Motors Co’s, James Peng, , Lawrence Steyn, “ We’re, Peng, “ It’s, ” ROBOTAXI, Lou Tiancheng, Hyunjoo Jin, Christopher Cushing Organizations: Toyota Motor Corp, Reuters, Motors, JPMorgan Chase &, Google, Baidu Inc, Toyota Locations: FREMONT, California, United States, China, California’s Fremont, Milpitas, Guangzhou, Irvine , California
Taiwan, U.S. to hold long-stalled trade talks next week
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +2 min
TAIPEI (Reuters) - Taiwan and the United States will hold trade talks next week, the de facto U.S. embassy in Taipei said on Friday, resuming long-stalled discussions as Washington seeks to deepen its support for the Chinese-claimed island. FILE PHOTO: Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. The Office of the U.S. Trade Representative and Taiwan’s Office of Trade Negotiations will serve as the “chief consultants” for the talks, it added. Taiwan had been cautiously optimistic about resuming the high level trade talks with Washington this year after U.S. Secretary of State Antony Blinken signalled a possible resumption this month. While Taiwan is a member of the World Trade Organization, many countries are wary of signing trade deals with the tech powerhouse fearing objections from China, though Taiwan does have free trade deals with Singapore and New Zealand.
Persons: Tyrone Siu, Barack Obama, Donald Trump’s, Robert Lighthizer, Brent Christensen, Hsiao, , Antony Blinken, Biden Organizations: U.S, REUTERS, Tyrone Siu The Trade, American Institute, U.S . Trade, Taiwan’s, Trade, World Trade Organization, New Zealand, Washington Locations: TAIPEI, Taiwan, United States, Taipei, Washington, U.S, China, Beijing, Singapore, New
HK stocks end higher on tech, materials boost; post weekly gains
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
** The Hang Seng index ended up 405.76 points or 1.4% at 29,288.22. The Hang Seng China Enterprises index rose 1.88% to 10,878.45. ** Leading the gains, the Hang Seng tech index and the Hang Seng materials index climbed 2.4% and 3.3%, respectively. ** The sub-index of the Hang Seng tracking energy shares rose 1.7%, while the IT sector rose 3.1%, the financial sector ended 0.75% higher and the property sector rose 0.18%. ** The top gainer on the Hang Seng was Meituan, which gained 4.76%, while the biggest loser was Sunny Optical Technology Group Co Ltd, which fell 1.58%.
Persons: HSI, Jerome Powell, Biden Organizations: HK, Shanghai, Stock, Seng China Enterprises, Optical Technology, Co, Hong, U.S . House, Representatives Foreign, Silicon Industry Locations: Shanghai, China, Hong Kong, U.S, Beijing, Xinjiang
A broader dollar retreat and a bipartisan U.S. Senate deal on infrastructure spending also boosted emerging assets, with the Thai baht strengthening from a 13-month low hit on Thursday. The country has also approved the emergency use of the COVID-19 vaccine developed by Indian vaccine developer Bharat Biotech, and will receive a million doses of AstraZeneca Plc's COVID-19 vaccine from Japan. The baht had skidded lower after Thailand's central bank on Wednesday downgraded annual growth forecasts and pledged an accommodative policy stance Political uncertainty is also weighing. Hundreds of pro-democracy protesters took to the streets on Thursday, calling for the prime minister to resign. Jakarta stocks rose nearly 1% to snap two sessions of losses, while Malaysian shares registered their best session in a week.
Persons: Soumyajit Saha, Ruben Carlo O, AstraZeneca Plc's, South Korea's, Joe Biden, Rashmi Aich Organizations: Senate, ng Pilipinas, The Union Bank of, Bharat Biotech, AstraZeneca, AstraZeneca Plc's COVID, South, Malaysian Locations: Malaysia, U.S, Manila, Asuncion, Philippines, Japan, Asia, Jakarta, China, India, Indonesia, Singapore, Taiwan, Thailand, Bengaluru
Tesla Shareholder Panasonic Sells Stake for $3.6 Billion
  + stars: | 2021-06-25 | by ( Yang Jie | ) www.wsj.com sentiment -0.97   time to read: +1 min
TOKYO— Tesla Inc.’s leading battery supplier is no longer a Tesla shareholder. Panasonic Corp. said Friday it has sold its entire stake in Tesla for about $3.6 billion. The move highlights the more arm’s-length relationship that has developed between the Japanese battery maker and the American electric-vehicle maker, which has started working with other battery manufacturers in recent years. Panasonic said the move wouldn’t affect its supply of batteries to Tesla and the two companies maintain a good relationship. Panasonic made a $1.6 billion bet on building a joint battery factory with Tesla in Nevada called the Gigafactory.
Persons: Tesla, Kazuhiro Tsuga Organizations: Tesla Inc, Panasonic Corp, Panasonic, Tesla Locations: TOKYO, Tesla, Nevada, China, South Korea
Take Five: The missing piece in the Fed puzzle
  + stars: | 2021-06-25 | by ( ) www.reuters.com + 0.00   time to read: +4 min
Adding perky jobs data to the mix could change that picture, markets fear. Analysts expect the economy to add 600,000 jobs in June - the largest monthly gain in three months – up from a gain of 559,000 jobs in May. The U.S. Fed has shifted to a hawkish bias. Some mid-cap deals pulled stock market debuts recently: Marex Spectron in London, PHE Holdings in Paris and Primafrio in Madrid. But Nordgold aborting its debut might be the first casualty of expected central bank tightening as the hawkish Fed pushed gold 6% lower.
Persons: Jerome Powell, Philip Lane, Wise, Tom Westbrook, Dhara, Abhinav Ramnarayan, Marc Jones, Saqib Ahmed, Karin Strohecker, Toby Chopra Organizations: Federal Reserve, U.S, Fed, ECB, PHE Holdings, Bankers, CHINA BULLS, Thomson Locations: U.S, United States, Europe, Asia, London, Paris, Primafrio, Madrid, China, Singapore, New York
Thermal-Coal Prices Hit Decade High Amid Gas Shortage
  + stars: | 2021-06-25 | by ( Joe Wallace | ) www.wsj.com sentiment -0.98   time to read: +1 min
Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal. Coal delivered into northwest Europe earlier this month hit its highest price since November 2011, having climbed 64% in 2021. Prices for coal exported from Newcastle in Australia, most of which heads to Asia, have risen 56%, according to Argus Media. But analysts say spurts of demand, coupled with a dearth of investment in new supplies, could lead to spells of higher prices.
Organizations: Argus Media, International Energy Agency Locations: China, Colombia, Indonesia, Australia, Europe, Newcastle, Asia
Didi's $4 billion U.S. IPO fully covered - sources
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A man is seen under a Didi logo at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File PhotoHONG KONG (Reuters) - Didi Global Inc’s initial public offering (IPO) to raise up to $4 billion in the United States has been covered on the first day of its bookbuild, according to four sources with direct knowledge of the matter. The sources could not be named as the information has not yet been made public. Didi did not immediately respond to a request for comment.
Persons: Didi Chuxing, Florence, Didi Global, Didi Organizations: REUTERS, KONG, Reuters Locations: Beijing, China, United States
Nike Gets Along Fine Without China, for Now
  + stars: | 2021-06-25 | by ( Jinjoo Lee | ) www.wsj.com sentiment -0.99   time to read: +2 min
But what that means in its two most important markets, the U.S. and China, is very different. Nike’s total revenue for the quarter ended May 31 grew 21% compared with the same quarter in pre-pandemic 2019. Sales in Greater China, Nike’s fastest-growing market, came in below expectations after a social-media backlash in that country. For the quarter, Nike’s China sales still rose 14% compared with the same period in pre-pandemic 2019. Nike seemed determined not to ruffle any more feathers on its earnings call on Thursday, simply referring to China’s slowdown as “marketplace dynamics.”
Persons: , Michael Binetti, Organizations: Nike Training Club, Credit Suisse, Nike, Nike’s, Adidas Locations: U.S, China, North America, , Greater China, China’s Xinjiang,
The yuan opened at 6.4639 per dollar and was changing hands at 6.4642 at midday. The People's Bank of China (PBOC) set the midpoint rate at 6.4744 per dollar prior to market open, firmer than the previous fix of 6.4824. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.467 -0.04% * Offshore 6.6349 -2.42% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.
Persons: PBOC, Joe Biden Organizations: U.S, Federal Reserve, People's Bank of China, greenback, HSBC, Fed, Investors, Thomson, SHANGHAI Locations: SHANGHAI, U.S
The Thai baht strengthened slightly after hitting 13-month lows this week after the central bank downgraded its annual growth forecasts. But the baht was still on track to shed more than 1% for the second consecutive week, while Thai stocks rose marginally after six straight sessions of losses. Elsewhere in Asia, stocks rose in Indonesia and Manila, tracking U.S. indexes which hit record highs overnight after President Joe Biden embraced a bipartisan Senate infrastructure deal. Taiwan stocks rose over 1% to their highest in more than a month, while the Taiwan dollar also strengthened to register its best session in two weeks. The won was set for a modest weekly gain after weakening nearly 2% last week.
Persons: Soumyajit Saha, Phillip, Joe Biden, South Korea's, Ana Nicolaci da Organizations: Taiwan, ng Pilipinas, ING, U.S . Federal, Phillip Securities, South Locations: Philippine, Thailand, Asia, Indonesia, Manila, Taiwan, Japan, China, India, Malaysia, Philippines, Singapore, Bengaluru, Ana Nicolaci da Costa
China stocks rise on financials boost, set for weekly gains
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +2 min
** The CSI300 index rose 1.3% to 5,221.49 points at the end of the morning session, while the Shanghai Composite Index gained 0.83% at 594.79 points. ** Financial firms led gains on Friday, with the CSI300 financials index up 1.7%. ** The golden era for Chinese residents to boost equities assets has arrived, leading to a long-term upbeat cycle for securities firms, SWS Research said in a report. ** For the week, the CSI300 added 2.3% and the SSEC gained 2%, with both set to snap a three-week losing streak. ** In Hong Kong, the Hang Seng index rose 1.1% to 29,210.31 points, while the Hong Kong China Enterprises Index gained 1.6% at 10,846.01.
Persons: Jerome Powell, ” Morgan Stanley, Laura Wang, Luoyan Liu, Andrew Galbraith, Amy Caren Daniel Organizations: HK, Shanghai, Dragon Development Inc, BOC International China, Money Information Co, Hong Kong China Enterprises Locations: Shanghai, China, SHANGHAI, Guangdong, U.S, Hong Kong, Hong
REUTERS/Thomas PeterSHANGHAI, June 25 (Reuters) - The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study showed on Friday. China's first official COVID-19 case was in December 2019 and was linked to Wuhan's Huanan seafood market. In a paper released in preprintform this week, Jesse Bloom of the Fred Hutchinson Cancer Research Center in Seattle recovered deleted sequencing data from early COVID-19 cases in China. Critics said the deletion was further evidence that China was trying to cover up the origins of COVID-19. "Why would scientists ask international databases to delete key data that informs us about how COVID-19 began in Wuhan?"
Persons: Thomas Peter SHANGHAI, China's, Jesse Bloom, Fred, Critics, Alina Chan, Dominic Dwyer, COVID, Stuart Turville, David Stanway, Raju Gopalakrishnan Organizations: World Health Organization, WHO, REUTERS, Britain's University of Kent, Fred Hutchinson Cancer Research Center, The U.S, National Institutes of Health, Reuters, Harvard's Broad Institute, Twitter, Westmead, Kirby Institute, University of Kent, Thomson Locations: Baishazhou, Wuhan, Hubei province, China, Seattle, The
Football fans watch UEFA Euro 2020 Championship Group A match between Wales and Switzerland at a pub on June 12, 2021 in Shanghai, China. The month-long Euro 2020 soccer tournament, which began June 11, was postponed from last year due to the pandemic. In 2018, Alipay agreed to an eight-year partnership that included Euro 2020 and Euro 2024. For Euro 2020, Alipay's deal includes displaying English and Chinese-language versions of its subsidiaries. China's fan baseAnother Chinese company looking to profit from the tournament is iQiyi, which acquired the online live streaming rights for Euro 2020.
Persons: Chen Yuyu, Pierre Justo, Hisense, Alipay, Ant, Lingxiao Yu, Kantar's Justo, Douyin Organizations: UEFA, Visual China, Getty, Union of European Football Associations, Gazprom, Volkswagen, FedEx, Alibaba, Associated Press, Financial Times, CNBC, Volvo, Heineken, iQiyi, CCTV, Weibo, Twitter, ByteDance Locations: Wales, Switzerland, Shanghai, China, BEIJING, UEFA European, Europe, Qingdao, Shandong province, France, Germany, Spain, Russian, Brazil, TikTok
John Lee, Hong Kong's secretary for security, speaks during a news conference on Thursday, Jun. Chan Long Hei | Bloomberg | Getty ImagesChina on Friday promoted Hong Kong's top security official to the territory's No. Chief Executive Carrie Lam said Secretary for Security John Lee would replace Matthew Cheung as the city's chief secretary, while police chief Chris Tang would take over Lee's role. China effectively ended multiparty democracy in Hong Kong by having the ceremonial Chinese legislature impose the national security law without debate or a vote in the city's Legislative Council. In recent months, police have arrested most of the city's pro-democracy activists.
Persons: John Lee, Hong, Chan Long Hei, Carrie Lam, Matthew Cheung, Chris Tang, Hong Kong's, Jimmy Lai Organizations: Bloomberg, Getty, China, Apple Daily, Police, city's Legislative, Council, Beijing, Hong Locations: Beijing, British, Hong Kong, China, city's
U.S. House committee to consider sweeping China bill next week
  + stars: | 2021-06-25 | by ( ) www.cnbc.com sentiment -0.93   time to read: +1 min
Socially distanced members of Congress stand as US President Joe Biden addresses a joint session of Congress at the US Capitol in Washington, DC, on April 28, 2021. The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights, part of an ongoing effort in Congress to address competition with China. The Senate on June 8 passed by a strong bipartisan 68-32 majority its own sweeping China bill, the "U.S. House leaders opted not to take up and consider the Senate's legislation. House committees have instead been working on their own legislation, a process that could mean a months-long wait for any bill to be sent to the White House for Biden to sign into law.
Persons: Joe Biden, Joe Biden's, Gregory Meeks, Biden Organizations: U.S . House, Representatives Foreign, China, American Global Leadership, Congress, Foreign Affairs, Innovation, White Locations: Washington ,, Beijing, China, U.S
Oil keeps climbing on tight supply outlook, eyes on OPEC+
  + stars: | 2021-06-25 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
Cranes at an oil industry support facility in Port Fourchon, Louisiana, U.S., on Wednesday, April 21, 2021. Oil prices rose on Friday, heading for a fifth straight week of gains, with demand growth seen outstripping supply on bets that OPEC+ producers will be cautious in returning more output to the market from August. Brent crude futures climbed 7 cents, or 0.1%, to $75.63 a barrel, headed for a 2.9% jump for the week. "(The market) certainly has momentum behind it...It's really in the hands of OPEC+," said Commonwealth Bank commodities analyst Vivek Dhar. That's going to determine where oil prices go," Dhar said.
Persons: It's, Vivek Dhar, Dhar Organizations: . West Texas, Brent, Organization of, Petroleum, Commonwealth Bank, ANZ, U.S Locations: Port Fourchon , Louisiana, U.S, Russia, OPEC, United States, Europe, China, Iran
China's tight fiscal policy could 'ease off' in second half of 2021: Deutsche Bank
  + stars: | 2021-06-25 | by ( ) www.cnbc.com sentiment -0.99   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's tight fiscal policy could 'ease off' in second half of 2021: Deutsche BankMichael Spencer of Deutsche Bank expects the People's Bank of China to start raising interest rates early next year.
Persons: Deutsche Bank Michael Spencer Organizations: Deutsche Bank, Bank of Locations: Bank of China
Chinese Tesla rival Xpeng to raise up to $2 billion from Hong Kong listing
  + stars: | 2021-06-25 | by ( Arjun Kharpal | ) www.cnbc.com sentiment -0.99   time to read: +1 min
GUANGZHOU, China — Chinese electric carmaker Xpeng will raise up to nearly $2 billion in a Hong Kong listing. At the maximum offer price, Xpeng would raise 15.3 billion Hong Kong dollars ($1.97 billion) before related costs such as underwriting fees. CNBC reported earlier this week that Xpeng is looking to raise between $1 billion and $2 billion. Its share offering in Hong Kong is unusual because it's not a secondary listing, as companies including Alibaba and JD.com have done. A secondary listing is when a company already has a main listing location such as the United States, and it then sells shares on another exchange.
Organizations: Guangzhou International Automobile, China Import, Hong, Hong Kong, CNBC Locations: Guangzhou, Guangdong Province of China, GUANGZHOU, China, Hong Kong, New York, United States
China listing frenzy in U.S. set to be boosted by Didi IPO
  + stars: | 2021-06-25 | by ( Scott Murdoch | ) www.reuters.com + 0.00   time to read: +4 min
A woman rides a Didi shared bicycle past the headquarters of Didi Chuxing in Beijing, China November 20, 2020. The rush of listings happened despite continued political tension between the two countries under President Joe Biden, and the looming threat of U.S. kicking out Chinese companies if they fail to meet auditing standards. The biggest Chinese listing in the United States so far this year was Full Truck Alliance (YMM.N), sometimes referred to as "Uber for trucks", which raised $1.6 billion earlier this week. Technology deals accounted for 24% of Asia IPOs in the first half and prospect of more emerging in the second half remains strong, according to Refinitiv data. Reporting by Scott Murdoch in Hong Kong; Editing by Sumeet ChatterjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Didi, Didi Chuxing, Florence, Didi Chuxing's, Joe Biden, Ivy Wong, Baker, Biden, Donald Trump, Uber, Alibaba, dealmakers, Alex Abagian, Morgan Stanley, Peter Cheng, Scott Murdoch, Sumeet Chatterjee Organizations: REUTERS, New, Holding Foreign Companies, Technology, Asia Pacific, Deacons, Thomson Locations: Beijing, China, HONG KONG, New York, United States, ASIA, Asia, Asia Pacific, Japan, Hong Kong
"Mining machines are selling like scrap metal." The local government of Sichuan, China's No.2 bitcoin mining centre after Xinjiang, issued a ban on cryptomining a week ago. Analysts say Beijing is also worried about potential competition for the digital yuan and that the power-hungry business of bitcoin mining could damage the environment. China's ban on bitcoin mining may see up to 90% of all mining in the country go offline, according to an estimate by Adam James, a senior editor at OKEx Insights. BIT Mining said on Monday that it had successfully delivered its first batch of 320 mining machines to Kazakhstan.
Persons: Dado Ruvic, Mike Huang, Liu Hongfei, Adam James, Nishant Sharma, Sharma, Winston Ma, Xianfeng Yang, Huang Dezhi, Huang, Sun, Wang Weifeng, Samuel Shen, Andrew Galbraith, Vidya Ranganathan, Raju Gopalakrishnan Organizations: REUTERS, State Council, Analysts, Communist Party, BlocksBridge Consulting, NYU Law, China's, BIT Mining, Thomson Locations: SHANGHAI, Texas, Kazakhstan, Sichuan, China's, Xinjiang, cryptocurrencies, Beijing, Inner Mongolia, Yunnan, China, Bitmain, United States, Canada, Australia, Russia, Indonesia, Guangdong
China's Bitmain suspends sales of cryptomining machines after Beijing's mining ban
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland, June 4, 2016. REUTERS/Jemima KellySHANGHAI, June 25 (Reuters) - Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing's ban on bitcoin mining. read moreFollowing the ban, many Chinese miners are selling machines and exiting the business, or shipping machines overseas. "(Overseas) mining sites are not built overnight, and selling pressure is huge in the secondary market," Bitmain said in a statement. Bitmain said overseas markets where it and Chinese miners are seeking cheap electricity also include Belarus, Sweden, Norway, Angola and Congo.
Persons: Jemima Kelly SHANGHAI, Bitmain, Samuel Shen, Andrew Galbraith, Shri Navaratnam Organizations: REUTERS, China's, Council, Thomson Locations: Keflavik, Iceland, United States, Canada, Australia, Russia, Kazakhstan, Indonesia, China's, Inner Mongolia, Xinjiang, Yunnan, Sichuan, Belarus, Sweden, Norway, Angola, Congo
Didi steers towards more muted Uber-like valuation
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
Didi Chuxing's CEO Will Cheng speaks at a launch event for D1 electric van by Didi and electric vehicle maker BYD, in Beijing, China November 16, 2020. WASHINGTON, June 25 (Reuters Breakingviews) - China’s ride-hailing behemoth is driving slow ahead of its initial public offering. Didi Global, led by boss Will Wei Cheng, is targeting a market capitalisation of up to $67 billion, based on a price range of $13 to $14 per share, just two-thirds of the earlier mooted goal read more . At the top end, Didi’s enterprise is valued at a multiple of 12 times last year’s “Platform Sales”, a comparable metric to revenue reported by Uber (UBER.N) which trades on 9 times. Regulatory roadblocks could weigh on growth: Officials launched an antitrust probe over competitive practices, and Didi has been ordered to share more information with drivers.
Persons: Didi Chuxing's, Will Cheng, Didi, Didi Global, Will Wei Cheng, Uber, It’s, Sharon Lam, Xpeng, Una Galani Organizations: Reuters Locations: Beijing, China, WASHINGTON
Xpeng has second shot at first-mover advantage
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
An Xpeng P5 electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. WASHINGTON, June 25 (Reuters Breakingviews) - Chinese electric-vehicle maker Xpeng (XPEV.N) is seizing a second chance. The company is preparing to sell shares in Hong Kong, part of a roughly $2 billion global offering read more . Shares in Xpeng and Li Auto have each jumped around 170% since their initial public offerings last year. But the automaker run by Xiaopeng He touts only fully electric models, while Li Auto specialises in hybrids.
Persons: Li Auto, Li, Katrina Hamlin, Antony Currie, Sharon Lam Organizations: Auto Shanghai, Reuters, Li Auto, Xiaopeng, Li Locations: Shanghai, China, WASHINGTON, Hong Kong, Nio, New York
Residents receive vaccines against the coronavirus disease (COVID-19) at a makeshift vaccination site in Guangzhou, Guangdong province, China June 21, 2021. cnsphoto via REUTERSBEIJING, June 25 (Reuters) - Antibodies triggered by two Chinese COVID-19 vaccines are less effective against the Delta variant compared with other strains but the shots still offer protection, a Chinese disease control researcher told state media. The Delta variant of the new coronavirus, first detected in India, is becoming the globally dominant variant of the disease with its increased transmissibility, the World Health Organization's chief scientist warned last week. It remains unclear how many of them contracted the Delta variant. About 85% of the Guangdong cases in the latest outbreak were found in the provincial capital, Guangzhou. "In the Guangdong outbreak ... none of those vaccinated infections became severe cases, and none of the severe cases were vaccinated," Feng said.
Persons: Feng Zijian, Feng, Sinopharm, Roxanne Liu, Ryan Woo, Stephen Coates Organizations: cnsphoto, REUTERS, Health Organization's, China Central Television, Chinese Center for Disease Control, Sinovac Biotech, Thomson Locations: Guangzhou, Guangdong province, China, REUTERS BEIJING, India, Brazil, Bahrain, Chile, Guangdong
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