Latest news with #Jinan
Free Malaysia Today
3 days ago
- Automotive
- Free Malaysia Today
Big BYD dealer in eastern China goes out of business
BYD dealer Qiancheng has published a letter blaming adjustments BYD made to its dealer policy for putting its cash flow under tremendous pressure. (Reuters pic) SHANGHAI : A large dealer of Chinese electric vehicle (EV) maker BYD's cars in the eastern province of Shandong has gone out of business, with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported yesterday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. 'The affected stores are spread across four cities, including Jinan and Weifang,' the newspaper said, citing visits it had made. 'Car owners were organising rights protection groups to seek solutions,' it added. The newspaper said Qiancheng, which once had an annual turnover of ¥3 billion (US$416.71 million) and employed 1,200 people, published a letter on April 17 blaming adjustments BYD had made to its dealer policy for putting its cash flow under tremendous pressure. Qiancheng did not immediately respond to a request for comment from Reuters today. Asked for comment, BYD referred Reuters to yesterday's article by Chinese media outlet Cover News that cited an unnamed BYD public relations representative as saying that it was Qiancheng's rapid expansion, rather than its policy adjustments, that had led to its crisis. The representative added that BYD was providing support to Qiancheng. Qiancheng's situation highlights the growing stress facing China's auto market, the world's largest, as intensifying competition puts pressure on suppliers, automakers and dealers. Car dealerships have been particularly vulnerable to a shift in the industry towards direct selling and a slowdown in consumer spending. BYD has a small number of its own stores in China, but mostly uses dealers in that market.
Reuters
3 days ago
- Automotive
- Reuters
Big BYD dealer in eastern China goes out of business, local media reports
SHANGHAI, May 29 (Reuters) - A large dealer of Chinese electric vehicle maker BYD's ( opens new tab, cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. The affected stores are spread across four cities, including Jinan and Weifang, the newspaper said, citing visits it had made. Car owners were organising rights protection groups to seek solutions, it added. The newspaper said Qiancheng, which once had an annual turnover of 3 billion yuan ($416.71 million) and employed 1,200 people, published a letter on April 17 blaming adjustments BYD had made to its dealer policy for putting its cash flow under tremendous pressure. Qiancheng did not immediately respond to a request for comment from Reuters on Thursday. Asked for comment, BYD referred Reuters to a Wednesday article by Chinese media outlet Cover News that cited an unnamed BYD public relations representative as saying that it was Qiancheng's rapid expansion, rather than its policy adjustments, that had led to its crisis. The representative added that BYD was providing support to Qiancheng. Qiancheng's situation highlights the growing stress facing China's auto market, the world's largest, as intensifying competition puts pressure on suppliers, automakers and dealers. Car dealerships have been particularly vulnerable to a shift in the industry towards direct selling and a slowdown in consumer spending. BYD has a small number of its own stores in China, but mostly uses dealers in that market. ($1 = 7.1993 Chinese yuan renminbi)
Yahoo
6 days ago
- Automotive
- Yahoo
Niutech's Continuous Intelligent Equipment Achieves the "Ultimate Disposal" of Scrap Tires!
Niutech's new generation intelligent continuous tire pyrolysis production line achieves three major breakthroughs: "high-efficiency conversion, smart control, and low-carbon environmental protection." The production line has received China's highest environmental technology award; the tire pyrolysis project has passed ISCC international certification and complies with the EU Renewable Energy Directive (RED II). JINAN, China, May 26, 2025 /PRNewswire/ -- Approximately 1.5 billion waste tires are generated worldwide each year, with over 50 million annually in the UK alone. More than half of these are transferred to developing countries through "gray" trade. This transnational movement of "black pollution" exposes the global lack of effective solutions for the comprehensive utilization of tires. In the face of the global challenge of safe and environmentally friendly disposal of scrap tires, Niutech, an international leader in continuous pyrolysis, with over 30 years of focus on cutting-edge pyrolysis technology, has independently developed a "large-scale industrial continuous intelligent scrap tire pyrolysis production line" with complete proprietary intellectual property rights. Leveraging a powerful AI-controlled system, it can continuously convert scrap tires into high-value-added renewable energy products at capacities ranging from ten thousand to one million tons. These can then be further processed into chemical raw materials for the production of new products, creating a perfect circular loop from waste to new products. Currently, this technology has been implemented in dozens of countries and regions, including Germany, South Korea, Brazil, and China, successfully completing 10000-ton-scale industrial projects, which represent significant milestones toward solving global tire pollution, high-value resource utilization, reducing dependence on fossil fuels, lowering carbon emissions, and promoting sustainable development. Niutech's production line was specifically developed for the global high-end circular economy market. It consists of "intelligent feeding system, continuous pyrolysis system, non-condensable gas scrubbing system, oil separating and cooling system, circulating water cooling system, flue gas purification system, intelligent discharge system, and fully automated control system." Integrating nearly 10,000 proprietary technical parameters, the pyrolysis process under AI control achieves optimal operation. The system can operate stably for several months at full capacity, from ten thousand to one million tons, with a pyrolysis rate exceeding 99.5%, and a 30% increase in efficiency. Additionally, with proprietary heat recovery technology and multi-stage tail gas purification, the entire system reduces energy consumption by 40%. All emissions meet the environmental standards of the EU EEA and US EPA. Currently, the equipment has obtained EU CE Certification, German TUV Certification, and ATEX Certification. Related projects have passed ISCC EU/PLUS international sustainability and carbon certification, and products meet the requirements of the EU Renewable Energy Directive (RED II). Through multiple demonstration projects with over ten years of stable operation, Niutech's intelligent tire pyrolysis solutions are highly praised for their technological maturity, safety and environmental protection, equipment reliability, economic viability, and high-value product output. They are regarded as the "ultimate solution" to global tire pollution. More Information:Niutech Website: Business Email: sales@ Youtube: View original content to download multimedia: SOURCE Niutech
Associated Press
08-05-2025
- Business
- Associated Press
Ex-Matildas midfielder Heather Garriock to take over as Football Australia's interim CEO
In this photo released by China's Xinhua news agency, Australia's Heather Garriock (7) vies with China's Zhou Feifei during their qualifying match of the 2012 Olympic women's soccer tournament in Jinan, China, Thursday, Sept. 8, 2011. (AP Photo/Xinhua, Xu Suhui, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] SYDNEY (AP) — Long-time Matildas midfielder Heather Garriock will take over as Football Australia's interim chief executive officer after James Johnson resigned from the role on Thursday. Garriock played 130 games for the women's national team in a career spanning 15 years, including Olympic campaigns in 2000 and 2004 and World Cups in 2003, 2007 and 2011. Garriock, 42, joined the board of Football Australia in 2021 and was inducted into the sport's national Hall of Fame the following year for her work as a player, coach, media analyst and administrator. During a five-year tenure, Johnson guided Football Australia through the COVID-19 pandemic and the co-hosting of the 2023 Women's World Cup with New Zealand. 'As someone who is immensely passionate about Australian football, this decision has not come easy, but I believe the time is right to step down,' Johnson said in a Football Australia statement that also confirmed Garriock's interim role as CEO. ___ AP soccer: The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world's population sees AP journalism every day.
Days of Palestine
05-05-2025
- Politics
- Days of Palestine
Israeli warplanes hit residential areas in Gaza, killing at least 19 civilians
DaysofPal- Israeli warplanes killed at least 19 Palestinian civilians in a series of devastating airstrikes that were launched across the Gaza Strip early on Monday morning. The bombardment, which targeted residential areas and civilian infrastructure, left many more wounded and contributed to the growing humanitarian disaster in the region. According to the Palestinian Civil Defense, emergency crews recovered 15 bodies. They rescued 10 injured individuals after Israeli airstrikes struck three residential apartments in the Ramouz residential building, located in the Al-Karama neighborhood, northwest of Gaza City. Along with these deaths, Israeli warplanes also killed four residents and injured five others when they targeted the Al-Attar family's home in the Al-Sultan neighborhood. Further north, an Israeli drone strike killed one person and injured several others when it targeted a group of civilians near Jabalia, in the northern Gaza Strip. The assault continued as Israeli forces demolished residential buildings in the southern Gaza city of Rafah and also targeted civilian homes east of Gaza City. These bombings add to the mounting destruction caused by ongoing airstrikes across the region. In Khan Younis, in the southern part of Gaza, the situation grew even more dire over the past 24 hours, with airstrikes killing at least 23 civilians; half of them occurred in an attack on tents housing displaced families in the Al-Mawasi area, southwest of Khan Younis. At the same time, Israeli artillery shelled various areas, including the northern parts of Al-Bureij and Al-Nuseirat refugee camps, as well as the eastern side of Al-Maghazi camp in central Gaza. In Al-Nuseirat refugee camp, an Israeli strike on a civilian home killed Fatima Abu Howeishil, a local woman, and injured eight others. The attack on civilian homes has exacerbated the already dire living conditions for the nearly two million Palestinians trapped in the enclave. The bombardment comes at a time when hospitals in Gaza are on the brink of collapse. With fuel for their generators expected to run out in just three days, medical facilities have issued urgent appeals for international aid to avert a complete healthcare crisis. Many hospitals are already overwhelmed by the sheer number of casualties and the lack of necessary medical supplies. The humanitarian situation has significantly deteriorated in the interim. In Gaza City, medical sources reported the heartbreaking death of four-month-old Jinan al-Skafy, who succumbed to malnutrition in a local hospital. Jinan's mother, Aya, had struggled to keep her daughter alive but was unable to produce sufficient breast milk due to her malnutrition, and the family had no access to baby formula or other essential nutrients. Jinan's death highlights the severe impact of the blockade on Gaza's vulnerable population, particularly the young and elderly. Since March 2, Israel has closed the Gaza Strip crossings to food, relief, medical aid, and goods, causing a significant deterioration in the humanitarian situation of Palestinians, according to government, human rights, and international reports. The 2.4 million Palestinians in Gaza are completely dependent on this aid after 19 months of genocide that has reduced them to poverty, according to World Bank data. This humanitarian crisis comes amid the displacement of more than 90% of Palestinians in the Gaza Strip from their homes, some of whom have been through this experience more than once, living in overcrowded shelters or the open without shelter, which has increased the spread of disease and epidemics. Since October 7, 2023, with unconditional US support, Israel has been committing systematic genocide in the Gaza Strip, leaving more than 170,000 Palestinians dead or wounded, most of them children and women, and more than 11,000 missing. Shortlink for this post:
