Volkswagen will invest around 1 billion euros ($1.1 billion) to establish a new development, innovation and procurement center in China, the Volkswagen Group announced on Tuesday at the ongoing Auto Shanghai 2023, China Daily reports.
The impact of the Covid-19 crisis has highlighted Asia’s further potential for prosperity, and even the widespread expansion of prosperity, and with the new social policies in China, Korea, Japan and elsewhere, the whole world stands to gain as consumer markets can expand spectacularly.
In recent years, Chinese cars are becoming more and more common in Russia. In 2022 alone, 487 new Chinese vehicle dealerships were opened in Russia, bringing the total number to 1,041, accounting for almost one-third of the total number of Russian car dealers, CarNewsChina.com writes.
German rail operator Deutsche Bahn, which is digitising its operations, last December awarded a 64 million euro ($67.79 million) contract to supply most of the components for its new IP network to a company using technology from China's Huawei, Channels News Asia reports.
The Nation Thailand made predictions regarding what’s next for public sector technology, and how public sector organizations can continue to adapt and innovate to successfully navigate the constantly-evolving global landscape and changing needs of their end users and constituents.