Founded in 2006 by a team of five MIT graduates, Terrafugia has struggled to turn its flying car prototypes into production-ready vehicles at an attainable price.
The wide-body Sino-Russian CR929 is not the only aircraft that China’s COMAC wants to use to challenge the Airbus-Boeing duopoly. With the medium-haul C919, the competition on the rising regional flight market will begin sooner than on the long-flights market.
The urgent need to address the challenges of climate change and China’s rapid urbanization involves both the private and public sectors. Projects are developed on the local scale but also planned nationally.
Alain Visser, chief executive of Lynk & Co International, has given interviews lately to the Western trade press. In a context of difficult Chinese car market, he reiterates his objective to expand the brand in Europe and the US with innovative ways of doing business.
On July 20, Hu Huazhi (胡华智) , the founder, chairman, and CEO of EHang, a pioneer in autonomous air mobility technology, was the first Chinese honouree for his achievements in the aviation industry at the Living Legends of Aviation Awards Europe in St. Wolfgang, Austria. We spoke with Huaxiang (Edward) Xu (徐华翔) , the company’s newly appointed chief strategy officer, who was previously head of Asia transportation research at Morgan Stanley Asia.
The Chinese economic magazine Cyzone (创业邦) has identified the six Chinese heritage brands with higher sales potential, in China and globally. A surge of nationalism and nostalgia, a taste for crossover products: the Chinese do not seem to be willing to abandon the brands that are part of their history. At the top of the class: Pechoin (百雀羚) or the resounding return of a sleeping beauty.
Since 2012 and the anti-graft policy, luxury yachts have been regarded with some suspicion by the Chinese government. But the boat culture is promoted as a healthy lifestyle among the Chinese middle class, even if there is still a long way to go before being actually widespread.
Chinese athletic wear start-up Bmai collaborated with Covestro to develop high specs running shoes using Maezio™ composite materials in the shank. The aim was to make products that will attract serious athletes, but with an equally attractive price tag.
All sides speculate whether other Chinese companies are likely to land on the U.S. Commerce Department trade blacklist, in the wake of China’s telecom giant Huawei. « Are the Chinese companies ready for this? », asks columnist Liu Qiudi (刘裘蒂) in the Chinese edition of the Financial Times.
Unlike their elders, teenagers and young adults born around the 2000s did not have the United States as only imposed influence model. China, with its economic boom and its emerging brands, can also allure them.