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Xiaomi's Car Factory Currently Testing Robotic Capabilities; Expected to Release Car Chip Soon, Lei Jun Says
On June 3, Lei Jun, founder of Xiaomi, disclosed at the Xiaomi Investor Conference that the latest Xiaomi YU7 could not be priced at the rumored 235,900 yuan, and the official pricing would be confirmed 1-2 days prior. Lei Jun stated that five years ago, Xiaomi started investing in the research and development of robotics, and currently, the automobile factory is testing related capabilities. Xiaomi's automotive chip is under development and is expected to be launched soon.
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Biol-based Material Company Celluso Biotech Completes Pre-A Financing Round
Recently, Saelos, a producer of green environmental friendly bacterial cellulose raw materials (short for: Saelos), has completed its Pre-A financing round. This financing was invested by Hahe Industrial Fund, with the investment amount undisclosed. Saelos was established on May 5, 2023, primarily engaging in the production, sales, and industrial application of green environmental friendly bacterial cellulose raw materials. The company's main products include bacterial cellulose and biocatalysts, dedicated to providing sustainable raw material solutions for industries such as environmental protection, pharmaceuticals, and food.
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Huicheng Environmental Protection: Self-developed Deep Catalytic Cracking Technology for Mixed Plastic Waste Maintains Stable Operation Since Pilot Plant Commissioning
An investor asked on the investor interaction platform: Is the pilot plant for waste plastic pyrolysis in Huangdao still in operation? What is the longest record of continuous stable operation?Huicheng Environmental Protection(300779.SZ) stated on the investor interaction platform on May 26 that the pilot plant for the company's self-developed Catalytic Pyrolysis of Mixed Waste Plastics (CPDCC) technology has maintained stable operating conditions since its construction and is currently undergoing other research and development trials. -
Hisense Air Conditioner Business Division Closed-door Meeting Urges "Offensive" Strategy; New President Previously Served as Vice President at Midea Group
Hisense Air Division (in preparation) held a closed-door meeting, during which the Hisense Air Industry team conducted a four-hour closed-door communication with core partners. The Hisense home air conditioners and central air conditioners lineup, including brands such as Hisense, Hitachi, Kelon, York, and Brilliant, was collectively unveiled. The closed-door meeting revealed that all product lines are prepared for "offensive" actions. Based on the timeline, this closed-door meeting may be Yin Bitong's first major move after joining Hisense. Previously, Yin Bitong was...Midea GroupServed as Vice President, and transferred to Hisense on May 19 to serve as the President of the********************** (Hisense Air Conditioning Business Unit). Note: It seems there is a part missing in the original Chinese sentence, specifically "**" which is translated as "being prepared" or "under******," referring to the department being in the preparatory stage. For accurate translation, more context might be needed.
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Avantium Signs PEF Capacity Reservation Agreement with BIOVOX for Pharmaceutical Applications
Recently, Avantium announced that it has signed a capacity reservation agreement with BIOVOX, a pioneer in sustainable healthcare plastics. Under this agreement, BIOVOX commits to using Avantium's PEF (polyethylene furanoate) for various pharmaceutical applications. This PEF is expected to be produced in future industrial-scale facilities, and the multi-year capacity reservation ensures that BIOVOX has priority access to PEF produced in Avantium's future authorized network.As a supplier of medical-grade renewable polymers and compounds, BIOVOX has assessed the use of PEF in various pharmaceutical and medical applications. Compared to traditional petrochemical-based materials, pharmaceutical packaging based on PEF offers significant environmental benefits, aligning with the growing demand for sustainable solutions in the pharmaceutical industry. -
Haichang Medical Plastics Embarks on First Voyage to Australia: Taking Crucial First Step in Internationalization
On May 22nd, as the convoy of containers carrying the first batch of medical packaging products for export to Australia set off with a whistle, Haichang Medplas officially embarked on a new chapter of its internationalization strategy, achieving a "zero breakthrough" for Shanghai Pharmaceutical's pharmaceutical packaging materials in the mainstream international market. The smooth delivery of this first order to Australia marks the entry of Haichang Medplas' internationalization strategy into a substantive advancement phase. In the face of intense competition, Haichang Medplas has strategically positioned itself internationally with forward-looking vision and efficient execution. By successfully obtaining the U.S. FDA-DMF filing number in 2023, the company significantly enhances its international competitiveness, laying a solid foundation for Haichang Medplas to further expand into international markets. -
Nantong Yonglian Packaging Materials Secures Patent for Energy-Saving and Eco-Friendly Anti-Static Device for Automated Blow Molding Processing
On May 23, it was reported that the National Intellectual Property Administration of China announced that Nantong Yonglian Packaging Materials Co., Ltd. has obtained a patent for a device for removing static electricity used in energy-saving and environmentally friendly automated blow molding processes, with the authorization announcement number CN222897357U and an application date of June 2024. -
Honor to Invest Over 70 billion yuan in AI Terminal Ecosystem
During the 2025 Global AI Terminal Exhibition and the 6th Shenzhen International Artificial Intelligence Exhibition, Honor launched its Alpha Strategy for the first time in China, announcing a comprehensive transformation from a smartphone manufacturer to a globally leading AI terminal ecosystem company. The company plans to invest $10 billion (approximately RMB 72 billion) over the next five years to build an AI ecosystem that covers all scenarios. -
Xiaomi 15S Pro Launched: Starts at ¥5,499
At Xiaomi's 15th anniversary strategic new product launch event, the Xiaomi 15S Pro was unveiled, starting at a price of 5499 yuan. It is the first to carry the "Xuanjie O1" 3nm flagship processor. It is reported that the Xiaomi 15S Pro, Xiaomi Tablet 7 Ultra, and Xiaomi Watch S4 all carry Xiaomi's independently developed and designed Xuanjie chips.
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U.S. ITC Launches 337 Investigation Into Balloon Dilatation Devices, Systems, and Their Components
According to the China Trade Remedy Public Information Network, on May 20, 2025, the United States International Trade Commission (ITC) voted to initiate a Section 337 investigation into certain balloon dilation devices, systems, and components. The investigation code is 337-TA-1449. The named respondents are: Fiagon GmbH, Hennigsdorf, Germany; Fiagon AG Medical Technologies, Hennigsdorf, Germany; Fiagon NA Corporation, Austin, Tex.; Fiagon NA, LLC, Austin, Tex.; Hemostasis, LLC, White Bear Lake, Minn.
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Brazilian Petrochemical Giant Braskem Exceeds Gross Profit Expectations, Boosted by Increased Polypropylene Sales in Europe and the US
Brazilian chemical giant Braskem recently released its first-quarter financial report, attributing a significant increase in profits to the widening price spread of polyethylene (PE) in international markets and growth in polypropylene (PP) sales in Europe and North America. In the first quarter of 2025, net profit reached $113 million, reversing a loss of $967 million in the fourth quarter of 2024 and a loss of $273 million in the same period last year; revenue totaled $3.331 billion, a 1% increase quarter-over-quarter but an 8% decrease year-over-year. Adjusted earnings per share were 15 cents, far exceeding the consensus estimate of 8 cents from S&P Capital IQ. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $224 million, a 121% increase from the previous quarter (which was $102 million), with the profit margin rising from 3% in the fourth quarter to 7%. -
U.S. April Tariff Revenue Soars, Showing Effect of Trump's Trade Policies
In April, U.S. tariff revenue surged, helping to curb the further expansion of the budget deficit. However, as President Trump seeks trade agreements with countries that are subject to these tariffs, future tariff revenues may decline. Data from the U.S. Treasury Department shows that tariff revenue in April amounted to $16 billion, an increase of $9 billion compared to the same period last year, representing a 130% increase. According to aggregated data, this is the highest monthly tariff revenue record in at least a decade.
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South Korea Continues to Impose Anti-Dumping Duties of Up to 25.04% for Five Years on Oriented Polypropylene Film from China
Recently, South KoreaThe Ministry of Economy and Finance issued Decree No. 1125,Decide to continue imposing measures on oriented polyesters originating from China, Indonesia, and Thailand with a thickness exceeding 10 microns. A five-year anti-dumping duty is imposed on the film.(See attached table), including,The tax rate in China is 2.50% to 25.04%.The tariff numbers of the**** products in Korea are 3920.20.0000 and 3921.90.2000. The measures shall enter into force on the date of publication of the notice.
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Roche Announces $360 Billion Investment in the U.S.
Roche recently announced that it will invest $50 billion in the United States over the next five years. These investments further strengthen Roche's already significant footprint in the U.S., where it has 13 manufacturing and 15 research and development sites in the pharmaceutical and diagnostics sectors. It is expected to create over 12,000 new jobs, including nearly 6,500 construction jobs and 1,000 positions for the building and expansion of facilities.
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Trump: Tariffs on Imports from China Are Too High, Expected to Significantly Reduce Them
U.S. President Trump delivered a speech in a public venue on Tuesday (April 22) local time,He acknowledged that the current tariffs on imports from China are too high and predicted a significant reduction in tariff rates.This marks a shift in Trump's attitude towards his signature tariff policy. On Tuesday, U.S. Treasury Secretary Becerra also stated at a JPMorgan event that the trade war between China and the U.S. will soon cool down. -
IMF Downgrades Global Growth Forecast Amid U.S. Tariff Measures Impact
On April 22, local time, the International Monetary Fund released the latest World Economic Outlook report, lowering its global economic growth forecast for 2025 from 3.3% at the beginning of the year to 2.8%. The projection for 2026 is expected to be 3%. The impact of U.S. tariff measures and policy uncertainties will lead to a significant slowdown in the global economy in the short term.
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$8.7 Billion M&A Finalized: Global Orthopedics Giant Doubles Down on High-Growth Sector
On April 21, Zimmer Biomet, a global leader in orthopedics (NYSE: ZBH), announced the completion of its acquisition of Paragon 28. The deal is valued at $1.2 billion (approximately 8.7 billion RMB). Paragon 28 offers a wide range of surgical products and systems covering all major areas of the foot and ankle, including fractures and trauma, deformity correction, as well as joint replacement.
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Ningde Times Launches World's First Lithium Iron Phosphate Battery with 800km Range and 12C Fast Charging
At today's Contemporary Amperex Technology Company (CATL) Super Tech Day, the second-generation Shengxing ultra-fast charging battery was officially unveiled. As the world's first lithium iron phosphate battery to achieve both an 800 km range and a peak charging rate of 12C, this product utilizes supercrystalline graphite and carbon-coated nano-superconducting technology, offering impressive charging speed—75 km of range can be added in just 30 seconds, and after 5 minutes of charging, the vehicle can travel 520 km. The peak power exceeds 1.3 megawatts. Additionally, the battery performs excellently in low-temperature environments; at -10°C, it can charge from 5% to 80% in 15 minutes, and it supports full-range temperature and full state-of-charge (SOC) power output. Even in a low SOC state (20%), it can still maintain a high power demand of 830 kW. This release further solidifies CATL's leading position in the field of power battery technology. -
World's First TMVR Valve Approved
Recently, Edwards Lifesciences announced that it...The world's firstThe transcatheter mitral valve replacement (TMVR) implant system Sapien M3, which accesses through the femoral vein, has received European CE certification. It is understood that Sapien M3 is an innovative product for transcatheter mitral valve replacement, mainly consisting of a fixation base and the SAPIEN M3 valve. The approved indication covers this procedure.Patients with moderate-to-severe and severe mitral regurgitation (MR)These patients cannot tolerate open chest surgery or transcatheter edge-to-edge repair (TEER) treatment.
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China Federation of Logistics and Purchasing Issues Statement: Opposition to U.S. 301 Investigation Measures on Logistics, Maritime, and Shipbuilding Sectors
China LogisticsThe Procurement Association issued a statement opposing the U.S. Section 301 investigation measures in the logistics, maritime, and shipbuilding sectors: On April 17 local time, the U.S. Trade Representative's Office announced...China LogisticsThe final measures on the Section 301 investigation into maritime and shipbuilding sectors have obvious characteristics of unilateralism and protectionism, severely undermining the multilateral trading system and international trade rules.China Logistics The China Council for the Promotion of International Trade and the China Chamber of International Commerce solemnly declare their strong opposition to the U.S. invoking the Section 301 investigation as a pretext to...China Logistics , and the restrictive measures taken in the fields of maritime affairs and shipbuilding. We urge the US side to respect the market rules and multilateral trade rules, and immediately correct its wrong practices.
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