Latest news with #non-Chinese
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Business Standard
4 hours ago
- Automotive
- Business Standard
EV maker Ola opposes auto firms' plea to reduce duty on traction motors
Electric two-wheeler maker Ola Electric has struck a divergent note with the auto industry, which has appealed to the government to cut the basic Customs duty (BCD) on traction motors by half due to the ongoing export restrictions placed by China on standalone magnets. While the industry has asked the ministry of heavy industries (MHI) to reduce the basic customs duty on traction motors to 7.5 per cent from the current 15 per cent, Ola has opposed the move saying that 'there is no global supply chain crises in electric magnets in the auto sector'. The Bengaluru-based firm has reasoned that it was not in favour of any reduction in duty as this would have an adverse impact on those companies which are making the motors in India, and only importing the rare earth motors (like them). The industry, represented by the Society of Indian Automobile Manufacturers (Siam), has however, said that they have made the request because due to the restrictions on import of standalone magnets (which had a duty of 7.5 per cent) from China, full assembly and sub-assemblies will have to be imported at 15 per cent which would lead to the increase in the cost of the vehicle. The company has argued that it has procured stocks of rare earth magnets from alternative non-Chinese sources in South East Asia and Europe and also plans to introduce 'ferrite motor' powered vehicles by Q3 of 2026, which are as efficient as rare earth powered motors. So they have already worked out an alternate plan of action. In its communication with the MHI, the industry has also sought exemption for traction and wheel rim hub mounted motors which were to be manufactured in the country under the phased manufacturing program for eligibility in the PM e-drive subsidy scheme. That apart, they have also asked for exemption from another condition to get subsidy, that import of PMP components and all other components for electric-2 and 3 wheelers from a single supplier should not be permitted. In the case of PLI, it has requested that additional import costs in sourcing motor assemblies, sub-assemblies, components and electronic throttle will be exempted from the computation of domestic value addition and the import content declared in the techno commercial audit issued before the restrictions by China was imposed will be calculated for DVA has also made it clear that they are not in favour of any change in the domestic value addition norms of PLI as well as the phased manufacturing program as requested by many auto companies. The industry has also pointed out to MHI that while they are committed to the 'Make in India' vision, under the prevailing scenario there is need for the government to provide them with some flexibility to ensure the momentum of growth in EV penetration.
Business Wire
3 days ago
- Business
- Business Wire
Omdia Forecasts Large-Area Display Shipments to Grow 2.9% YoY in 2025 Despite Economic Uncertainty
LONDON--(BUSINESS WIRE)--According to the latest analysis from Omdia 's Large-area display market tracker – 2Q25 with 1Q25 results, large-area display (above 9-inch) unit shipments are forecast to increase by 2.9% year-over-year (YoY) in 2025. While growth in 2025 is expected to be smaller than that of 2024, this increase comes in the face of global economic uncertainty and US tariff concerns. Notably, TV and monitor applications are projected to experience negative growth in 2025. Chinese panel makers, who are expected to take 67.9% of total TV display shipments in 2025 are adopting a conservative approach to increasing LCD TV display shipments to manage panel prices. Similarly, panel makers outside of China are cautious about expanding their monitor display businesses due to poor finance performance. Figure1. Large-area display shipment latest forecast in 2025 (millions of units) Large-area LCD unit shipments are expected to increase by 2.4% YoY, reaching 875.5 million in 2025. Pulled-forward demand in 1Q25 has helped to boost the shipment forecast for the year. However, panel makers have little incentive to expand their monitor LCD businesses in 2025 due to financial losses, particularly among non-Chinese manufacturers. Chinese panel makers are projected to increase monitor LCD shipments by 4.8% YoY while panel makers from other regions will decrease shipments by 12.6% YoY in 2025. Chinese panel makers are also maintaining their production-to-order policy to prevent LCD TV display price erosion starting in 2Q25. 'Interestingly, while LCD TV display unit shipments are expected to decline by 2.1% YoY, shipment area is forecast to grow by 4.9% YoY in 2025 driven by ongoing size migration trends,' said Peter Su, Principal Analyst of Omdia. Su added, "Large-area OLED unit shipments and shipment area are forecast to grow by 15.5% YoY and 10.4% YoY, respectively, in 2025. However, these figures are lower than the previous forecast (unit shipments up by 20.3% YoY and shipment area up by 12.9% YoY) from our 1Q25 report. This indicates that large-area OLED demand is slowing more than expected due to global economic uncertainty and concerns about potential impacts from the new US tariff policy.' Regional Market Share LCD shipments: China is forecast to account for 66.7% of total large-area LCD shipments in 2025, followed by Taiwan with 21.9% and Korea with 8.0%. Key players: BOE is expected to lead with 36.3% of total large-area LCD shipments, followed by China Star with 16.5% and Innolux with 11.6%. OLED shipments: Korea is projected to dominate with 85.2% of total large-area OLED shipments, followed by China with 14.8%. Key players: Samsung Display is expected to lead with 55.1%, followed by LG Display with 30.1% and EDO with 12.0%. 'Tablet PC OLED shipments are forecast to decline by 0.4% YoY in 2025 – an improvement from the previous forecast of -1.9% YoY - but still reflecting negative growth due to slower demand from Chinese PC brands and OEMs," explained Su. 'TV and monitor display shipments are expected to decline in 2025 as panel makers work to protect panel prices and avoid further losses. However, panel makers — particularly those in China — have set aggressive shipment targets for mobile PC displays, where panel makers from other regions still hold a 42.8% market share (as of 2024). This push is aimed at capturing greater market share and is expected to contribute to an overall increase in large-area display shipments during the same period,' concluded Su. ABOUT OMDIA Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
Bangkok Post
4 days ago
- Bangkok Post
Immigration expands fast lanes at Thai airports as student tourism picks up
Thai immigration authorities have expanded their fast lanes at the country's international airports to accommodate not only Chinese students and families, but also growing numbers of international school holidaymakers. Pol Maj Gen Choengron Rimpadee, commander of Immigration Division 2, said the extended service comes as more foreign families arrive in Thailand during the summer break – particularly from the United States, United Kingdom, and Canada – coinciding with the country's low tourist season. Immigration police recently set up 'Happy Chinese Summer Channel' lanes for Chinese students' families at Suvarnabhumi, Don Mueang, Chiang Mai, and Phuket airports to welcome them to Thailand during their school holidays. According to Pol Maj Gen Choengron, while the number of Chinese student visitors still forms the largest group — averaging around 1,300 arrivals per day, 600 of whom are children aged under 12 — the number of non-Chinese students and their families is climbing steadily, currently averaging 1,000 daily arrivals, with about 500 of them being children. 'The fast lanes are now being utilised more broadly to support smoother processing for family groups visiting for tourism. Students and their families typically arrive with clear travel plans, confirmed accommodation and return tickets, and have no prior record of visa misuse or 'visa runs'', Pol Maj Gen Choengron said. 'The special lanes have reduced immigration queue times for these family groups from a peak of 40 minutes to just 15 minutes during busy periods. Priority lanes are also being provided for elderly foreign travellers, pregnant women, and persons with disabilities.' The initiative has received positive feedback from the groups, including praise for improved service and perceptions of Thailand as a family-friendly destination. However, they noted some inconvenience with the Thailand Digital Arrival Card (TDAC) system, prompting plans for further system improvements. Meanwhile, Thai nationals continue to benefit from automated passport clearance and the Thai passport-holders lanes, typically waiting no longer than five minutes. Despite efforts to boost tourism during the low season, Pol Maj Gen Choengron emphasised that border security remains the top priority. Since January, more than 10,000 foreign nationals have been denied entry due to concerns over illegal activities or links to so-called "grey" groups. The fast-lane initiative, he stressed, is aimed at supporting genuine tourism while maintaining strict screening protocols.
The Market Online
5 days ago
- Automotive
- The Market Online
A value stock for differentiated battery materials exposure
Lithium iron phosphate, an essential material for lithium batteries, is almost entirely under Chinese control, with new export restrictions only exacerbating market tightness Nano One Materials, a battery technology innovator and lithium iron phosphate manufacturer, is on a high-probability path to becoming a leader in non-Chinese supply Nano One stock has yet to recognize the company's potential, opening the door for a value play Lithium's unmatched performance in the storing and deploying of energy makes lithium batteries a key driver behind the energy transition, powering most electric vehicles on the market today. That said, they are not without their drawbacks. This content has been prepared as part of a partnership with Nano One Materials Corp., and is intended for informational purposes only. Lithium batteries are incredibly expensive to produce, given that new mining projects require billions in capex and long-term time horizons before seeing a return on investment. Additionally, essential battery components are in some cases subject to supply-chain bottlenecks with conflict-prone nations. This is the case with lithium iron phosphate (LFP), a fundamental ingredient for cathode active material, which, alongside the anode, facilitates the transmission of electricity. According to a recent CNN report, while LFP batteries account for 40 per cent of EVs on the road thanks to their superior safety and lower price -granting them a global market expected to surpass US$40 billion by 2030 – China currently controls about 94 per cent of LFP production capacity, with recently announced restrictions on battery cathode technology likely to push prices higher in the rest of the world. This demand dynamic is shining a light on Nano One Materials (TSX:NANO), market capitalization C$113.73 million, an emerging manufacturer of LFP cathode active materials whose patented One-Pot production process has been shown to reduce opex and capex by 30 per cent, greenhouse gas emissions by 50-60 per cent, and water and energy usage by 80 per cent compared to legacy methods. Nano One operates an up to 1,000-ton-per-year manufacturing facility in Quebec, the only one outside of Asia, and is currently at work with high-profile partners Rio Tinto, Worley and Sumitomo Metal Mining, backed by government funding from Canada, Quebec, British Columbia and the United States Department of Defense, to repatriate LFP production and reinforce supply chains across the world. The company is currently in the process of 'sampling, demonstrating and collaborating with partners in North America, Europe and the Indo-Pacific,' according to a statement from Dan Blondal, Nano One's chief executive officer, in a July 8 news release, positioning the company for what its June 2025 investor presentation describes as 'multi-track revenue growth' across a global pipeline spanning artificial intelligence (AI) data centers, aerospace, defense, energy grids and EVs. With numerous catalysts expected in 2025, including capacity expansion and client sample validation (see slide 22 of the investor presentation), as well as a capital-light licensing model in place to catalyze growth, Nano One is on a path to taking its target market by storm, leveraging its low-cost technology into greater efficiencies of scale to enhance margins and foster shareholder value. Nano One stock shows the broader market's pessimism about the underlying company's considerable promise, giving back 21.54 per cent year-over-year and 59.52 per cent since 2020, clearing the way for value investors with the required risk tolerance to look past pre-revenue operations and capitalize on the clear reasons for conviction. Join the discussion: Find out what everybody's saying about this battery materials value stock on the Nano One Materials Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
AsiaOne
16-07-2025
- Business
- AsiaOne
'Against racial harmony': Singaporeans riled by Chinese menus with no English translation, Singapore News
Stepping into an eatery, the last thing most diners would expect is a menu entirely in a language they don't understand. After all, English is Singapore's lingua franca and the working language of the civil service, bringing its diverse communities together. While bigger chains like Haidilao, Tanyu, and Tongue Tip Lanzhou Beef Noodle cater to all customers with bilingual menus, some Chinese food establishments have been spotted operating without English menus — a trend that some non-Chinese Singaporeans call "exclusionary". A photo of a Chinese pancake stall menu recently went viral for its lack of English. The stall is located in Clementi's Gantral Mall, which one Google Maps user nicknamed "mini-Chinatown" in a review. This is in spite of Singapore Food Agency (SFA) regulations stating that food businesses offering prepacked food for sale in Singapore must provide labels with basic information about the product, such as its source, contents, and net quantity, in English. The labelling requirements do not extend to non-prepacked food like dishes served in a restaurant. This seems to be an issue across some Chinese food establishments in Singapore. In June, a Reddit user shared a post detailing the struggles of understanding a menu entirely in Chinese, as an Indian Muslim who does not speak Mandarin. "Yes, they're a Chinese business, and Singapore is Chinese-majority. But having only the Chinese language means you are excluding non-Chinese people and even some Chinese Singaporeans who struggle with their mother tongue," the user wrote. Comments in response to the user noted that Singaporeans are not the customer base these businesses are targeting: "Your absence does not make a difference to their bottom line because the (China national) expat bubble is self-sustaining." Another user who identified as a Chinese Singaporean felt that service staff should be trained to speak basic English: "I'm going to do my part and speak (in English) to the staff in Chinese restaurants." Not a one-off The Grantral Mall stall is not an exception - when The New Paper visited Scarlett Supermarket on a weekday afternoon, some signage was entirely in Chinese. The newly-opened outlet in Sembawang, one of 38 outlets owned by the Chinese supermarket chain, was predominantly staffed and patronised by Chinese nationals. It boasted a food court with four stalls, one of which was a mala stall with no English on its signage. An item on the menu of a dumpling stall was labelled in English, apparently with the help of online translation services, as Sichuan chilli oil wonton was awkwardly mistranslated to "copyist with red oil". Alienating non-Chinese customers 24-year-old university student Nornabihah Mohamed Noor told The New Paper that the lack of proper English translation alienates non-Mandarin-speaking customers: "Honestly, I dislike it. It feels unfair and goes against the idea of racial harmony that Singapore stands for. "As a Malay who looks Chinese, I often get told I should speak Mandarin, even though I didn't grow up speaking it. It feels like there's an assumption or pressure to fit in a certain box." She added that, intentionally or not, these businesses are sending a message to customers that other races are not as welcome: "Not having English labels would make people feel excluded or like they don't belong in their own country." 'We are a multilingual society' A 47-year-old woman from China's Hainan province, who only wanted to be known as Mrs Tan, told TNP that she first visited Singapore 20 years ago in search of a job. She later met her Singaporean husband through a friend and settled here. Mrs Tan, who admitted that her English is still "not good", has since obtained Singapore citizenship and has two teenage children. "When I first came here, I didn't know English at all. Nowadays, I know basic words that I can use at work," Mrs Tan, who has worked as a dessert stall hawker for over 15 years, said in Mandarin. While she acknowledged the preponderance of Chinese immigrants, Mrs Tan stressed that it should not excuse the absence of English translations on menus. "If you're living here, you should follow how things are done here," she said. "We are a multilingual society, so of course, you have to label your menu in English. That's the most basic level of respect you can give to customers because not everybody can understand Chinese." Taking action Some Chinese eateries have amended their menus to better reflect their offerings. Xiang Xiang Hunan Cuisine, with 15 outlets across Singapore, recently updated its menu to correct some English translations. However, not all Chinese words on the menu were translated. In September 2021, Scarlett Supermarket was investigated by authorities for selling products without English labels. In April 2023, the chain came under fire again for selling instant Chinese bread soup that listed methamphetamine as an ingredient. It was later clarified that the ingredients had been wrongly translated by the Chinese manufacturer. At press time, Scarlett Supermarket and Xiang Xiang Hunan Cuisine had not responded to TNP's queries. Miss Nornabihah told TNP that the lack of proper English labelling on menus is "not right" in a multiracial country. "It goes against the idea of inclusivity and racial harmony we claim to value and preach about." [[nid:719628]] This article was first published in The New Paper . Permission required for reproduction.
