Latest news with #Chinese-led
Yahoo
a day ago
- Automotive
- Yahoo
Honda eager to collaborate with Nissan, Mitsubishi
Japanese carmaker Honda Motor Company has confirmed it is eager to step up its collaboration with Nissan Motor on a broad range of projects globally, despite the collapse of merger talks between the two companies earlier this year. A merger between Honda and Nissan would have brought significant cost-saving synergies, from sharing research and development costs, supply chains, production and sales networks, and new product development, at a time when they are facing an unprecedented surge in global competition from Chinese automakers. The two companies failed to agree on the terms of the merger, with Honda expecting to become the majority shareholder in a merged company, which Nissan was unable to accept. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Honda's market capitalisation, currently at just under JPY 8 trillion (US$ 54 billion), dwarfs Nissan's JPY 1.14 trillion. Honda, which also makes consumer products and motorcycles, produced 3.7 million vehicles in 2024 - 20% more than Nissan's 3.1 million units. In the first five months of 2025, Honda reported a 9% drop in global vehicle output to 1.45 million units, while Nissan reported a 13% decline to 1.19 million units – in both cases driven lower mainly by plunging sales in China. The companies have so far struggled to keep up with the strong, Chinese-led growth in the global battery electric vehicle (BEV) segment. Maximising global synergies while retaining independence Honda and Nissan, along with the latter's Alliance partner Mitsubishi Motors, are keen to maximise global synergies as independent companies – as part of a looser alliance also involving other companies. At the company's annual shareholders' meeting in June, Honda's CEO Toshihiro Mibe confirmed the automaker is still 'eager' to collaborate with Nissan and with its alliance partner Mitsubishi Motors where possible. But he ruled out the possibility of renewed efforts to merge with Nissan, at least 'for the time being." Honda and Nissan have long been collaborating well before their merger talks became public last year. The have worked together on a wide range of projects including the production of mini vehicles and light commercial vehicles, and the development of battery electric vehicles (BEVs), hybrid powertrain systems, and autonomous driving technologies. Nissan recently revealed it is currently considering supplying pickup trucks to Honda from its US plant in Canton, Mississippi, for Honda to sell in the US market. This would help both companies reduce the impact of the new US import tariffs introduced by US President Donald Trump, as well as improve capacity utilisation at the Nissan plant. Nissan has already agreed to produce a rebadged version of its Rogue SUV in the US for Mitsubishi Motors, with sales scheduled to start later this year, as well as its next generation Leaf battery electric vehicle (BEV) from the second half of 2026. Honda and Nissan are discussing extending their US collaboration to other market segments in the US, as well as in other global regions. The two companies are also considering collaborating in the development of a new basic software platform for advanced vehicle controls, as they prepare to launch software-defined vehicles (SDVs) in the second half of the decade. Honda had previously indicated that it planned to launch battery electric vehicle (BEV) models equipped with its own SDV software from 2026. The development and operation of SDVs requires huge amounts of data, so maximizing economies of scale by cost-sharing is seen as key to competing in this emerging segment of the market. Chinese automakers and Tesla are seen as leading the way in this emerging segment, while Toyota Motor is understood to be considering sharing its SDV software with Mazda. Mibe summed up Honda's position as he told reporters at the shareholders' meeting: 'We want to secure a leading competitive edge in the industry by maximising the merits brought on by the collaboration." "Honda eager to collaborate with Nissan, Mitsubishi" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
China calls for global consensus on balancing AI development
Agencies China's Premier Li Qiang cautioned on Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating. His remarks came just days after U.S. President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing U.S. dominance in the fast-moving field, promising to 'remove red tape and onerous regulation' that could hinder private sector AI development. Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasized the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation. 'The risks and challenges brought by artificial intelligence have drawn widespread attention ... How to find a balance between development and security urgently requires further consensus from the entire society,' the premier said. He gave no further details about the newly announced organization, though state media later reported 'the preliminary consideration' was that it would be headquartered in Shanghai. The organization would 'promote global governance featuring extensive consultation, joint contribution and shared benefits,' Xinhua News Agency reported, without elaborating on its set-up or mechanisms. At a time when AI is being integrated across virtually all industries, its uses have raised major questions, including about the spread of misinformation, its impact on employment and the potential loss of technological control. In a speech at WAIC on Saturday, Nobel Prize-winning physicist Geoffrey Hinton compared the situation to keeping 'a very cute tiger cub as a pet.' To survive, he said, you need to ensure you can train it not to kill you when it grows up. The enormous strides AI technology has made in recent years have seen it move to the forefront of the U.S.-China rivalry. Premier Li said China would 'actively promote' the development of open-source AI, adding Beijing was willing to share advances with other countries, particularly developing ones. 'If we engage in technological monopolies, controls and blockage, artificial intelligence will become the preserve of a few countries and a few enterprises,' he said. Vice Foreign Minister Ma Zhaoxu warned against 'unilateralism and protectionism' at a later meeting. Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that they can be used to advance Beijing's military systems and erode U.S. tech dominance. Li, in his speech, highlighted 'insufficient supply of computing power and chips' as a bottleneck to AI progress. China has made AI a pillar of its plans for technological self-reliance, with the government pledging a raft of measures to boost the sector. In January, Chinese startup DeepSeek unveiled an AI model that performed as well as top US systems despite using less powerful chips. In a video message played at the WAIC opening ceremony, U.N. Secretary-General Antonio Guterres said AI governance would be 'a defining test of international cooperation.' The ceremony saw the French president's AI envoy, Anne Bouverot, underscore 'an urgent need' for global action and for the U.N. to play a 'leading role.' Bouverot called for a framework 'that is open, transparent and effective, giving each and everyone an opportunity to have their views taken into account.' Li's speech 'posed a clear contrast to the Trump administration's 'America First' view on AI' and the U.S. measures announced this week, said WAIC attendee George Chen, a partner at Washington-based policy consultancy The Asia Group. 'The world is now clearly divided into at least three camps: the United States and its allies, China (and perhaps many Belt and Road or Global South countries), and the EU, which prefers regulating AI through legislation, like the EU AI Act,' Chen told Agence France-Presse (AFP).
Express Tribune
3 days ago
- Business
- Express Tribune
China urges consensus on AI development
Listen to article China's Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating. His remarks came just days after US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the fast-moving field, promising to "remove red tape and onerous regulation" that could hinder private sector AI development. Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasised the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation. "The risks and challenges brought by artificial intelligence have drawn widespread attention... How to find a balance between development and security urgently requires further consensus from the entire society," the premier said. He gave no further details about the newly announced organisation, though state media later reported "the preliminary consideration" was that it would be headquartered in Shanghai. The organisation would "promote global governance featuring extensive consultation, joint contribution and shared benefits", state news agency Xinhua reported, without elaborating on its set-up or mechanisms. At a time when AI is being integrated across virtually all industries, its uses have raised major questions, including about the spread of misinformation, its impact on employment and the potential loss of technological control. In a speech at WAIC on Saturday, Nobel Prize-winning physicist Geoffrey Hinton compared the situation to keeping "a very cute tiger cub as a pet". To survive, he said, you need to ensure you can train it not to kill you when it grows up. The enormous strides AI technology has made in recent years have seen it move to the forefront of the US-China rivalry. Premier Li said China would "actively promote" the development of open-source AI, adding Beijing was willing to share advances with other countries, particularly developing ones. "If we engage in technological monopolies, controls and blockage, artificial intelligence will become the preserve of a few countries and a few enterprises," he said. Vice Foreign Minister Ma Zhaoxu warned against "unilateralism and protectionism" at a later meeting. Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that they can be used to advance Beijing's military systems and erode US tech dominance. Li, in his speech, highlighted "insufficient supply of computing power and chips" as a bottleneck to AI progress.
Korea Herald
3 days ago
- Business
- Korea Herald
China urges global consensus on balancing AI development, security
SHANGHAI (AFP) — China's Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating. His remarks came just days after US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the fast-moving field, promising to "remove red tape and onerous regulation" that could hinder private sector AI development. Opening the World AI Conference in Shanghai on Saturday, Li emphasized the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation. "The risks and challenges brought by artificial intelligence have drawn widespread attention. ... How to find a balance between development and security urgently requires further consensus from the entire society," the premier said. He gave no further details about the newly announced organization, though state media later reported "the preliminary consideration" was that it would be headquartered in Shanghai. The organization would "promote global governance featuring extensive consultation, joint contribution and shared benefits," state news agency Xinhua reported, without elaborating on its set-up or mechanisms. At a time when AI is being integrated across virtually all industries, its uses have raised major questions, including about the spread of misinformation, its impact on employment and the potential loss of technological control. In a speech at WAIC on Saturday, Nobel Prize-winning physicist Geoffrey Hinton compared the situation to keeping "a very cute tiger cub as a pet." To survive, he said, you need to ensure you can train it not to kill you when it grows up. The enormous strides AI technology has made in recent years have seen it move to the forefront of the US-China rivalry. Premier Li said China would "actively promote" the development of open-source AI, adding Beijing was willing to share advances with other countries, particularly developing ones. "If we engage in technological monopolies, controls and blockage, artificial intelligence will become the preserve of a few countries and a few enterprises," he said. Vice Foreign Minister Ma Zhaoxu warned against "unilateralism and protectionism" at a later meeting. Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that they can be used to advance Beijing's military systems and erode US tech dominance. Li, in his speech, highlighted "insufficient supply of computing power and chips" as a bottleneck to AI progress. China has made AI a pillar of its plans for technological self-reliance, with the government pledging a raft of measures to boost the sector. In January, Chinese startup DeepSeek unveiled an AI model that performed as well as top US systems despite using less powerful chips. In a video message played at the WAIC opening ceremony, UN Secretary-General Antonio Guterres said AI governance would be "a defining test of international cooperation." The ceremony saw the French president's AI envoy, Anne Bouverot, underscore "an urgent need" for global action and for the United Nations to play a "leading role." Bouverot called for a framework "that is open, transparent and effective, giving each and every one an opportunity to have their views taken into account." Li's speech "posed a clear contrast to the Trump administration's 'America First' view on AI" and the US measures announced last week, said WAIC attendee George Chen, a partner at Washington-based policy consultancy The Asia Group. "The world is now clearly divided into at least three camps: the United States and its allies, China (and perhaps many Belt and Road or Global South countries), and the EU -- which prefers regulating AI through legislation, like the EU AI Act," Chen told Agence France-Presse. At an AI summit in Paris in February, 58 countries including China, France and India -- as well as the European Union and African Union Commission -- called for enhanced coordination on AI governance. But the United States warned against "excessive regulation," and alongside the United Kingdom, refused to sign the summit's appeal for an "open," "inclusive" and "ethical" AI.
The Star
3 days ago
- Business
- The Star
Human control in AI race
PREMIER Li Qiang has warned that artificial intelligence (AI) development must be weighed against security risks, saying global consensus is urgently needed even as the tech race between Beijing and Washington shows no sign of abating. His remarks came just days after US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the fast-moving field, promising to 'remove red tape and onerous regulation' that could hinder private sector AI development. Opening the World AI Conference (WAIC) in Shanghai, Li emphasised the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation. 'The risks and challenges brought by artificial intelligence have drawn widespread attention... How to find a balance between development and security urgently requires further consensus from the entire society,' the premier said yesterday. Li said China would 'actively promote' the development of open-source AI, adding Beijing was willing to share advances with other countries, particularly developing ones. 'If we engage in technological monopolies, controls and blockage, artificial intelligence will become the preserve of a few countries and a few enterprises,' he said. 'Only by adhering to openness, sharing and fairness in access to intelligence can more countries and groups benefit from (AI).' The premier highlighted 'insufficient supply of computing power and chips' as a bottleneck. Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing's military systems and erode US tech dominance. For its part, China has made AI a pillar of its plans for technological self-reliance, with the government pledging a raft of measures to boost the sector. In January, Chinese startup DeepSeek unveiled an AI model that performed as well as top US systems despite using less powerful chips. At a time when AI is being integrated across virtually all industries, its uses have raised major ethical questions, from the spread of misinformation to its impact on employment, or the potential loss of technological control. In a speech at WAIC yesterday, Nobel Prize-winning physicist Geoffrey Hinton compared the situation to keeping 'a very cute tiger cub as a pet'. 'To survive', he said, you need to ensure you can train it not to kill you when it grows up. — AFP
