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.
Profit Margins of US Ethylene Companies May Further Contract
Recently, a global energy and chemical industry market information service provider reported that U.S. chemical companies are facing shrinking profits due to price fluctuations in oil and natural gas, along with the impact of tariffs and economic uncertainties. It is estimated that the average price of Brent crude oil will drop by 6.7% in 2025 and by another 7.4% in 2026; the average price of WTI will fall by 6.7% in 2025 and by an additional 7.9% in 2026. The cost of chemical raw materials in the U.S., particularly ethane, fluctuates with changes in natural gas prices. It is estimated that the average price of U.S. natural gas will rise by 66.8% in 2025 and by another 3.9% in 2026. These trends will inevitably squeeze the profit margins of U.S. ethylene producers. However, demand for ethylene is declining. Tariffs have increased the import costs of raw materials used in the production of catalysts and plastic additives, and the EU and Canada may impose retaliatory tariffs on polyethylene exported from the U.S. John Hanson, CEO of U.S. chemical producer Huntsman Corporation, expects that due to uncertainties in tariffs and mortgage interest rates, the recovery of the U.S. real estate market may be delayed, and continued weakness in the construction sector's demand for ethylene will further exacerbate the instability in the ethylene market.
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2025-06-03 17:49:02
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2025-05-27 17:20:41
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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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2025-05-26 14:46:53
Huicheng Environmental Protection: Self-developed Deep Catalytic Cracking Technology for Mixed Plastic Waste Maintains Stable Operation Since Pilot Plant Commissioning
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2025-05-26 14:45:25
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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2025-05-23 10:45:14
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.
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