logo
Renault unit launches EV industry investment fund with Chinese partners

Renault unit launches EV industry investment fund with Chinese partners

Reuters10-07-2025
BEIJING, July 10 (Reuters) - Renault's (RENA.PA), opens new tab electric vehicle business Ampere signed a deal on Thursday with Chinese partners, including CICC Capital PE, in China's eastern city of Hangzhou to launch an EV industry investment fund.
The fund will focus on batteries, smart driving, smart cockpits and embodied intelligence, among other cutting-edge fields, the French automaker said in a statement. The size of the fund was not disclosed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Microsoft says Chinese hackers ‘exploited vulnerabilities' in software servers
Microsoft says Chinese hackers ‘exploited vulnerabilities' in software servers

Leader Live

time25 minutes ago

  • Leader Live

Microsoft says Chinese hackers ‘exploited vulnerabilities' in software servers

The Silicon Valley firm said state-backed 'threat actors' have 'exploited vulnerabilities' in servers used by firms, although its cloud service has not been impacted. It linked the attack to two main groups, Linen Typhoon and Violet Typhoon, and flagged that another China-based group, Storm-2603, had also targeted its systems. Microsoft said in a message to customers that it has since released 'new comprehensive security updates' to deal with the incident. It said it had 'high confidence' that firms who do not install the new security updates could be targeted by the groups. In a statement, the company added: 'Investigations into other actors also using these exploits are still ongoing.' The tech firm said the attackers had been uploading malicious scripts which are then 'enabling the theft of the key material by threat actors'. Bloomberg reported that the US agency responsible for designing nuclear weapons was among those breached in the attack. It also reported that national governments in Europe and the Middle East have also been affected.

Microsoft says Chinese hackers ‘exploited vulnerabilities' in software servers
Microsoft says Chinese hackers ‘exploited vulnerabilities' in software servers

Rhyl Journal

time25 minutes ago

  • Rhyl Journal

Microsoft says Chinese hackers ‘exploited vulnerabilities' in software servers

The Silicon Valley firm said state-backed 'threat actors' have 'exploited vulnerabilities' in servers used by firms, although its cloud service has not been impacted. It linked the attack to two main groups, Linen Typhoon and Violet Typhoon, and flagged that another China-based group, Storm-2603, had also targeted its systems. Microsoft said in a message to customers that it has since released 'new comprehensive security updates' to deal with the incident. It said it had 'high confidence' that firms who do not install the new security updates could be targeted by the groups. In a statement, the company added: 'Investigations into other actors also using these exploits are still ongoing.' The tech firm said the attackers had been uploading malicious scripts which are then 'enabling the theft of the key material by threat actors'. Bloomberg reported that the US agency responsible for designing nuclear weapons was among those breached in the attack. It also reported that national governments in Europe and the Middle East have also been affected.

India to resume issuing tourist visas to Chinese citizens
India to resume issuing tourist visas to Chinese citizens

The Independent

time25 minutes ago

  • The Independent

India to resume issuing tourist visas to Chinese citizens

India will resume granting tourist visas to Chinese nationals from Thursday in a new step to normalise Delhi's ties with Beijing, officials announced on Wednesday. The diplomatic restoration of tourist visas comes after a gap of five years due to degradation of ties between India and China following a 2020 military clash between their troops along the disputed Himalayan border. The embassy of India in China issued a statement on Wednesday and said that Chinese citizens can apply for a tourist visa to India after completing an online application, scheduling an appointment and personally submitting their passport and other important documents needed to obtain a visa. These documents can be submitted to the Indian visa application centres in Beijing, Shanghai and Guangzhou in south China's Guangdong province. 'Please be informed that all passport withdrawal requests for applications submitted in the India Visa Application Centre in Beijing must be accompanied by a passport withdrawal letter,' the embassy statement said. The statement was also shared on the embassy's social media platform Weibo. Indian Armed Forces and People's Liberation Army soldiers clashed in the Himalayan region's Galwan Valley in June 2020. At least 20 Indian and four Chinese soldiers were killed in the neighbours' first deadly military confrontation since 1975. Both armies came to blows and engaged in a physical clash over China's two tents and observation towers that India said were built on its side of the de-facto border, and which its troops set on fire after they were discovered by a patrol. About 900 soldiers of both sides were involved in the hand-to-hand combat that followed, when they beat each other with rocks and wooden sticks embedded with nails. The skirmish caused Indo-China ties to plummet to their lowest in decades as New Delhi and Beijing took steps to pause their bilateral engagements and trade. New Delhi heightened scrutiny of investments from China, banned popular Chinese mobile apps, and cut direct passenger air routes to China. According to India's defence minister Rajnath Singh, the military stand-off showed China's disregard for a two-way pact between both the countries. China suspended visas to Indian citizens and other foreigners around the same time due to the Covid-19 pandemic but lifted those restrictions in 2022, when it resumed issuing visas for students and business travellers. Tourist visas for Indian nationals remained restricted until March this year, when both countries agreed to resume direct air service. However, both Asian giants have taken steps to improve their relations in the past one year, with India and China holding several high-level talks between the top leaders – Chinese president Xi Jinping and prime minister Narendra Modi. The two met in Russia in October. In July this year, India's foreign minister told his Chinese counterpart that both countries must resolve border friction, pull back troops and avoid "restrictive trade measures" to normalise their relationship. Beijing has acknowledged Delhi's latest positive move, said Chinese foreign ministry spokesperson Guo Jiakun. "China is ready to maintain communication and consultation with India and constantly improve the level of personal exchanges between the two countries," he said.

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