EASIA

Honda to start producing new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of around 2,000 units of …

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China economic activity swings back to growth in January – official PMI

BEIJING, Jan 31 (Reuters) – China’s economic activity swung back to growth in January, after a wave of COVID-19 infections passed through the country faster than expected following abandonment of pandemic controls. Domestic orders and consumption drove output higher, according to the first broad data to show how quickly China is recovering from its COVID …

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US stops granting export licenses for China’s Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses for US companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced US export restrictions around items for 5G and other technologies for several years, but officials in the US Department of Commerce have granted …

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China central bank to roll over lending tools to spur growth

BEIJING, Jan 29 (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a lending tool for promoting …

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China’s Baidu to launch ChatGPT-style bot in March – source

BEIJING, Jan 30 (Reuters) – Chinese internet search major Baidu Inc (9888.HK) is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s ChatGPT in March, a person familiar with the matter told Reuters. The technology firm plans to launch the service as a standalone application and gradually merge it into its search …

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Toyota defends title as world’s top-selling automaker in 2022

TOKYO, Jan 30 (Reuters) – Toyota Motor Corp (7203.T) sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world’s top-selling automaker for a third straight year. Global sales for the group, including truck unit Hino Motors (7205.T) and small-car maker Daihatsu, inched down 0.1% as record overseas sales of …

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China’s MMG flags production halt at Las Bambas in Peru due to protests

Jan 30 (Reuters) – Chinese copper miner MMG Ltd (1208.HK) said on Monday its Las Bambas mine in Peru would likely have to halt production from Feb. 1 due to a shortage of “critical supplies” leading to a slowdown of operations. The Melbourne-headquartered miner said the shortage of supplies was due to transport disruptions from …

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China’s 2022 smartphone shipments the lowest in 10 years, research firm says

SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, down from 329 million in 2022. That meant total 2022 sales volume was …

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