South Korean battery cell manufacturer SK Innovation as well as Chinese battery giant CATL are planning to set up new plants in China, for the production of batteries for electric vehicles (EVs).

Huawei founder Ren Zhengfei has recently commented that the Chinese telecom giant is looking forward to license its 5G technology exclusively to a US telecom company.

In a recent announcement, Chinese joint venture JAC Volkswagen has said that it has launched the first model of its SOL electric brand --- the E20X electric SUV -- on the market.

Chinese electric automaker BYD has received its first electric-bus order from Germany.

According to a media report from China, the FAW-Volkswagen joint venture apparently has plans underway to commence the production of the Audi e-tron electric car for the Chinese market from 2020.

Chinese government has announced reduction in reserve ratio for banks to the lowest level since year 2007. China is facing decline in consumption in the domestic market.