The move has made Lynk& Co, a brand co-owned by Geely and Volvo, the first Chinese carmaker to partner with Waymo, which is believed to be a globally leading player in autonomous driving. Autonomous driving is gaining momentum in China, where people are more optimistic about the technology than in developed countries like the US and Germany.
The move to produce the colorant follows plans by private company Century Zhongtian (Beijing) Investment Co Ltd and the Baotou Rare Earth Research Center to form Zhongke Century Technology Co Ltd. That was in the wake of the research center successfully manufacturing the nontoxic tolerant in November.
The move came as Huawei is facing restrictions from the US government which banned the Chinese company in May from buying US technologies without special government approval.
The move is criticized by Democrats as some mayors say they will not cooperate
The municipal legislature reviewed a draft parking regulation of the city for a third time late last year, including the terms of parking space sharing among residential areas and public institutions.
The move is expected to drive down the real interest rates in the economy, as the new LPR will better reflect market rates, which had been trending down, the PBOC said.
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The move is seen as its response to the Chinese government's new more stringent requirements on fuel consumption and, more importantly, the increasingly attractive prospects for such vehicles.
The model, called EUNIQ 7, features SAIC's third-generation fuel cell system. It has a driving range of 605 kilometers and can be refilled with hydrogen in three to five minutes. Electric cars can have a similar range, but take hours to be fully charged.
The move comes just a few days after Laidian announced it would offer its shared power banks in Indonesia, with the first batch of 10 shared power bank machines opening for public at one of the biggest music festivals of the country.
The move also came after SenseTime announced in April that it had acquired 0 million in its Series C round of fundraising led by Alibaba, setting a record for venture capital funding in the artificial intelligence sector.