11 h. ago China’s AI and EV boom drives record power demand, widening energy gap with US

China’s total electricity consumption hit a record high of 10.4 trillion kilowatt-hours (kWh) in 2025, more than double that of the US, the National Energy Administration (NEA) said on Saturday. The 5 per cent jump from the previous year marked the first time in China’s history that annual electricity consumption had surpassed 10 trillion kWh – the highest in the world and more than the combined total of the European Union, Russia, India and Japan, state broadcaster CCTV said, citing NEA...

Politics

15 h. ago Beijing Benz Cumulative Vehicle Production Exceeds 6 Million Units

Beijing Benz Cumulative Vehicle Production Exceeds 6 Million Units  Gasgoo

Politics

48 h. ago US lawmakers propose US$2.5 billion agency to boost production of rare earths

A bipartisan group of lawmakers has proposed creating a new agency with US$2.5 billion to spur production of rare earths and the other critical minerals, while the Trump administration has already taken aggressive actions to break China’s grip on the market for these materials that are crucial to hi-tech products, including mobile phones, electric vehicles, jet fighters and missiles. It is too early to tell how the bill, if passed, could align with the White House’s policy but whatever the...

Economics

7 d. ago IKEA restructures business in China, planning to shut down 7 malls, but launch over 10 small stores

IKEA restructures business in China, planning to shut down 7 malls, but launch over 10 small stores  Guangdong News

Politics

8 d. ago China Vanke Preps Debt Restructuring Plan in Move Toward Default

China Vanke Preps Debt Restructuring Plan in Move Toward Default  Bloomberg.com

Events

9 d. ago GM to take $7.1B hit from electric vehicle production changes, China restructuring

GM to take $7.1B hit from electric vehicle production changes, China restructuring  Detroit Free Press

Events

9 d. ago GM discloses $7bn hit from EV transition and China restructuring

GM discloses $7bn hit from EV transition and China restructuring  Financial Times

Events

3 w. ago Massive San Francisco power outage leaves thousands in the dark

A huge electricity outage hit San Francisco on Saturday, leaving 130,000 residents without power and prompting city authorities to ask residents to stay home, according to the utility provider and the mayor. Large parts of the west coast tech hub, which has a population of more than 800,000 people, were plunged into darkness with disruptions to public transport and many traffic lights not working on a busy Christmas shopping weekend. “We are working with first responders and city officials on an...

Politics