logo
China's maglev train hits 623 km/h, breaking global speed record. Key details

China's maglev train hits 623 km/h, breaking global speed record. Key details

India Today28-07-2025
China's maglev train hits 623 km/h, breaking global speed record. Key details (Photo: X/@ChinaRailways) India Today Information Desk China's maglev train hit 623 km/h in a new test
Test done on 2m model in low-pressure tube in Shanghai
Design cuts air resistance for higher speeds
In a new test run, China's magnetic levitation (maglev) train clocked an impressive speed of 623 km/h, making it the fastest land vehicle of its kind. The high-speed test took place in Tongji University's dedicated low-vacuum tube testing line in Shanghai.
The breakthrough puts China even further ahead in the race for next-generation transport, while the US continues to struggle with getting its own projects off the ground.
The test was carried out using a scaled-down model that was just 2 metres long and weighed 165 kilograms. What makes this even more interesting is that the track was only 210 metres long and placed inside a tube with pressure 98 per cent lower than normal air. This design sharply reduces air resistance and allows maglev trains to go much faster.
This successful run is being seen as a step closer to future vacuum maglev systems that might someday reach speeds of up to 1,000 km/h, faster than commercial airplanes. The project is backed by China's top rail research body, CRRC, and forms part of the country's broader aim to dominate ultra-high-speed rail transport.
China's approach heavily centralised planning, state support, and non-stop R&D is allowing it to zoom past countries like the US that rely on fragmented systems and private funding.
Whether the Chinese maglev can eventually be commercialised and scaled up remains to be seen. But for now, the country is racing ahead, both literally and figuratively.
In a new test run, China's magnetic levitation (maglev) train clocked an impressive speed of 623 km/h, making it the fastest land vehicle of its kind. The high-speed test took place in Tongji University's dedicated low-vacuum tube testing line in Shanghai.
The breakthrough puts China even further ahead in the race for next-generation transport, while the US continues to struggle with getting its own projects off the ground.
The test was carried out using a scaled-down model that was just 2 metres long and weighed 165 kilograms. What makes this even more interesting is that the track was only 210 metres long and placed inside a tube with pressure 98 per cent lower than normal air. This design sharply reduces air resistance and allows maglev trains to go much faster.
This successful run is being seen as a step closer to future vacuum maglev systems that might someday reach speeds of up to 1,000 km/h, faster than commercial airplanes. The project is backed by China's top rail research body, CRRC, and forms part of the country's broader aim to dominate ultra-high-speed rail transport.
China's approach heavily centralised planning, state support, and non-stop R&D is allowing it to zoom past countries like the US that rely on fragmented systems and private funding.
Whether the Chinese maglev can eventually be commercialised and scaled up remains to be seen. But for now, the country is racing ahead, both literally and figuratively. Join our WhatsApp Channel
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rivian earnings shock triggers stock plunge—Q2 miss and $2.25B loss spark 4% drop as EV credit cut, Trump tariffs fuel panic sell-off
Rivian earnings shock triggers stock plunge—Q2 miss and $2.25B loss spark 4% drop as EV credit cut, Trump tariffs fuel panic sell-off

Economic Times

time39 minutes ago

  • Economic Times

Rivian earnings shock triggers stock plunge—Q2 miss and $2.25B loss spark 4% drop as EV credit cut, Trump tariffs fuel panic sell-off

Rivian (NASDAQ: RIVN) reported a sharp Q2 2025 earnings miss on Tuesday, sending its stock down over 4% in after-hours trading. The electric vehicle maker posted a larger-than-expected net loss of $1.1 billion, or $0.80 per share, falling short of analyst expectations. Revenue came in at $1.30 billion, slightly above forecasts, but vehicle deliveries dropped to 10,661 units, down 23% year-over-year. Rivian also widened its 2025 full-year loss projection to $2.25 billion, citing rising production costs, the loss of EV tax credits, and new Trump-era tariffs. The market reacted swiftly, triggering a wave of investor sell-offs. Rivian stock drops as Q2 earnings miss expectations and 2025 loss forecast widens amid EV tax credit blow and tariffs: The electric truck maker reported mixed Q2 2025 earnings, delivered fewer vehicles than expected, and projected a much deeper full-year loss. The company is now facing the heat from Donald Trump's new EV tax credit restrictions, rising tariffs, and reduced regulatory credit income. Despite steady progress on its highly anticipated R2 SUV, Rivian stock took a hit after the update, trading around $12.15, down over 4% in after-hours. Rivian's Q2 numbers reflected a sharp slowdown in both production and deliveries as it paused operations to prep for refreshed models. The company delivered 10,661 vehicles in the second quarter, down nearly 23% year-over-year, while producing only 5,979 units—well below market expectations. Revenue came in at around $1.30 billion, which was just slightly ahead of analyst forecasts but didn't offset the other disappointments. The biggest shock came in the form of Rivian's adjusted loss of $0.80 per share, significantly wider than Wall Street's expected $0.65–$0.66 loss. In total, Rivian posted a net loss of $1.1 billion, which was still an improvement from the $1.5 billion loss it reported in Q2 2024, but investors weren't impressed. One of the key pain points for Rivian right now is the impact of Trump's recent EV tax credit overhaul, which closed off the leasing loophole that previously allowed Rivian buyers to indirectly qualify for the $7,500 federal EV credit. That credit had become a critical tool for boosting Rivian's revenue through leasing channels. Adding to the pressure, tariffs on Chinese components and raw materials have raised production costs—especially for battery and motor components that depend on rare earth elements. These policy changes have created 'significant uncertainty,' the company noted, and are eating into margins. As a result, Rivian has revised its 2025 loss forecast upward to between $2.0 billion and $2.25 billion, from the earlier range of $1.7 billion to $1.9 billion. While short-term headwinds dominate the headlines, Rivian is betting big on the future. The company reaffirmed that development of its new R2 electric SUV is moving ahead as planned. The mid-size SUV is expected to start production in the first half of 2026, with a targeted starting price of $45,000. To reduce costs and improve profitability, Rivian is leaning on its strategic partnership with Volkswagen, which aims to bring down the R2's bill of materials to around $32,000 per vehicle—a significant margin improvement. Rivian believes this mass-market EV could be the turning point it needs, especially if it can deliver strong range, quality, and pricing at scale. Even with declining Q2 numbers, Rivian is sticking to its full-year 2025 delivery forecast of 40,000 to 46,000 vehicles. The company expects a bump in Q3 as buyers rush to purchase before the remaining tax incentives disappear at the end of September. Still, it's a race against time—and uncertainty looms. The loss of the leasing workaround for tax credits, combined with rising costs from tariffs and component shortages, could put further pressure on deliveries. Following the mixed results and updated guidance, Rivian stock (NASDAQ: RIVN) fell over 4% in after-hours trading. As of the latest data, the stock is priced around $12.15, down from an open of $12.48, with a trading range between $11.05 and $12.57 for the day. Investor sentiment remains cautious. While analysts acknowledge Rivian's long-term potential, many maintain 'Hold' ratings, citing execution risks and policy challenges. Price targets are hovering in the $12 to $15 range for now. Despite near-term volatility, Rivian still holds promise as a key player in the EV space. The upcoming R2 launch, the Volkswagen collaboration, and a potential rebound in U.S. EV demand could help turn the tide—but not without risks. With ongoing macro headwinds, policy changes, and competitive pressure from Tesla and legacy automakers, Rivian has a steep hill to climb. But if it can deliver on its cost-cutting roadmap and scale R2 production efficiently, there's still room for upside. Metric Q2 2025 Data Vehicle Deliveries 10,661 units (‑23% YoY) Production 5,979 units Revenue ~$1.30 billion Adjusted EPS Loss ‑$0.80 per share Net Loss $1.1 billion 2025 Loss Forecast $2.0–$2.25 billion (revised upward) Stock Price (Post-Earnings) ~$12.15 (-4% after-hours) R2 SUV Launch H1 2026, starting at $45,000 Rivian's latest earnings show a company caught between a bold vision and brutal realities. With earnings falling short, production slowing, and policy winds shifting, the road ahead won't be easy. But with the R2 SUV on the horizon and a clear plan to cut costs, Rivian's long game may still be intact. If you're tracking EV stocks in 2025, Rivian remains one of the most watched tickers on Wall Street—but it's now a test of time, execution, and whether it can survive the short-term storm to reach long-term scale. FAQs: Q1: Why did Rivian stock drop after Q2 2025 earnings? Rivian stock fell due to weak Q2 earnings, wider loss forecasts, and pressure from EV tax credit cuts and tariffs. Q2: What's impacting Rivian's future outlook in 2025? Rivian's outlook is hurt by rising costs, Trump's tariffs, and the end of key EV tax credits.

AMD's China Concerns Overshadow Upbeat Sales Forecast for AI
AMD's China Concerns Overshadow Upbeat Sales Forecast for AI

Mint

time39 minutes ago

  • Mint

AMD's China Concerns Overshadow Upbeat Sales Forecast for AI

Advanced Micro Devices Inc., the second-largest maker of artificial intelligence processors, warned that its return to the crucial China market remains a work in progress, overshadowing a generally upbeat forecast for its AI business. As part of its quarterly earnings report on Tuesday, AMD declined to predict Chinese sales of its Instinct MI308, an AI processor that it designed for the Asian country. The Trump administration had barred shipments of such chips to China in April, though it reversed course last month, raising hopes that AMD and rival Nvidia Corp. could soon resume sales. China is the largest market for semiconductors, and the restrictions have threatened to erase billions of dollars in total revenue from both companies. 'We appreciate the focus the Trump administration is placing on ensuring that US technology remains central to global AI infrastructure and we expect to resume MI308 shipments as licenses are approved, subject to end customer demand and supply chain readiness,' Chief Executive Officer Lisa Su said on a conference call with analysts. 'As our licenses are still under review, we are not including any MI308 revenue in our third-quarter guidance.' Su was optimistic about the overall market for AI computing. 'Looking ahead, we see a clear path to scaling our AI business to tens of billions of dollars in annual revenue,' she said during the call. The company also is ramping up its new MI350 lineup, she said. AMD shares initially fell more than 5% in extended trading on the China concern, before paring the losses during the conference call. They had gained 44% in 2025 through the close, making AMD the best-performing stock in the semiconductor industry. Third-quarter sales will be about $8.7 billion, the company said, topping the average analyst estimate of $8.37 billion. AMD's second-quarter sales rose 32% to $7.7 billion, compared with a $7.43 billion average estimate. Profit was 48 cents a share, minus certain items. Analysts projected 49 cents. Data center sales gained 14% to $3.2 billion in the period. On average, analysts had predicted $3.25 billion. Personal computer-related sales climbed 67% to $2.5 billion. The average prediction was $2.56 billion. Three months ago, AMD said it was taking $800 million in writedowns related to the export restrictions and warned that the curbs would cost it $1.5 billion in revenue this year. Wall Street has been waiting for a revised outlook in light of the shifting policy. In the decade since Su took the top job at AMD, the company has become a key provider of technology across the computing industry. The ability to deliver competitive products — at a time when longtime nemesis Intel Corp. has stumbled — has brought a reversal of fortunes. AMD's market capitalization is now roughly $200 billion higher than Intel's. Still, neither company has matched the runaway success of Nvidia, whose dominance of AI accelerators has made it the world's most valuable business. AMD is the second-biggest provider of graphics chips, which form the basis for the AI accelerators that run in data centers. Its microprocessors, meanwhile, go head to head with Intel products in the markets for PCs and servers. This article was generated from an automated news agency feed without modifications to text.

AMD's restricted access to China's AI chip market may heavily dent revenue despite a strong Q3 forecast; here's why
AMD's restricted access to China's AI chip market may heavily dent revenue despite a strong Q3 forecast; here's why

Economic Times

timean hour ago

  • Economic Times

AMD's restricted access to China's AI chip market may heavily dent revenue despite a strong Q3 forecast; here's why

Advanced Micro Devices anticipates robust revenue for the third quarter. The projection exceeds Wall Street expectations. However, AMD's access to the Chinese market is uncertain. This is due to pending license reviews for MI308 chip exports. Demand for AMD's AI chips remains strong. Major companies like Microsoft and Meta are increasing AI infrastructure spending. FILE PHOTO: The AMD logo and a decreasing stock graph are seen in this illustration taken August 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Tired of too many ads? Remove Ads AMD's Q3 projections Tired of too many ads? Remove Ads AMD shares 2025 performance Demand for AMD processors remains strong Advanced Micro Devices ( AMD ) forecast third-quarter revenue above Wall Street estimates on Tuesday (August 5, 2025) but warned that its access to the China market remains uncertain due to the pending review of its license applications to export its MI308 chips to the East Asian the second-largest maker of AI accelerator chips, is betting on upbeat demand for its artificial intelligence chips from businesses rushing to expand infrastructure to dominate the latest technology. Shares of the Santa Clara, California-based company rose 2% in extended company expects revenue of about $8.7 billion for the third quarter, plus or minus $300 million, compared with analysts' average estimate of $8.30 billion, according to data compiled by outlook does not include any revenue from AMD's AI chip MI308's shipments to China, as license applications are currently under review by the US government, the company company said last month the Department of Commerce would review its license applications to export its MI308 chips to China, and it plans to resume those shipments when licenses are approved, after U.S. curbs announced in April required it to obtain a license to ship advanced AI processors to had forecast a $1.5 billion hit to revenue this year due to these curbs, with most of the impact affecting the second and third shares have climbed more than 40% this year, far outpacing a nearly 12% jump in the benchmark chip index, as investors bet on the company's ability to capitalize on the widespread use of remains robust for AMD's advanced processors that power complex AI systems for Microsoft, Meta Platforms, generative AI leader OpenAI, and other customers, with the company set to benefit from cloud giants bumping up their hefty spending plans for building AI has raised the bottom end of its annual capital expenditure forecast by $2 billion, to a range of between $66 billion and $72 billion. Similarly, Microsoft forecast a record $30 billion in capital spending for the first quarter of the current fiscal year to meet soaring AI demand.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store