Chinese

Chinese electric car company Nio doubles deliveries in 2020 as local competition ramps up for Tesla

  • Chinese electric car start-ups Nio, Li Auto and Xpeng each announced in the last few days that vehicle deliveries surged last year.
  • The U.S.-listed shares of the three automakers have soared over the last several months.
  • As much ground as the start-ups have gained, the numbers still fall far short of Elon Musk’s Tesla, which stepped up its promotions in the country on New Year’s Day and delivered about five times more cars worldwide last year than the three start-ups combined.



a car parked on the side of a building: Employees make checks at an inspection line during a media tour of the Nio Inc. production facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020.


© Provided by CNBC
Employees make checks at an inspection line during a media tour of the Nio Inc. production facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020.

BEIJING — China’s homegrown Tesla rivals are racking up sales in the world’s largest auto market.

Electric car start-ups Nio, Li Auto and Xpeng each announced in the last few days that deliveries surged in 2020 to close

not a indication winter season is coming but a new commence for tech field, Chinese formal media states



a sign at night: The logo of Alibaba Group is seen during the 11.11 Singles' Day global shopping festival at the company's headquarters in Hangzhou, China on November 10, 2019. Photo: Reuters


The logo of Alibaba Team is observed throughout the 11.11 Singles’ Working day worldwide browsing festival at the firm’s headquarters in Hangzhou, China on November 10, 2019. Picture: Reuters

Chinese official media has performed down the political importance of Beijing’s antitrust probe into e-commerce huge Alibaba Team Keeping and framed the move as a needed technological stage to be certain the healthier development of the sector.

People’s Everyday, the official newspaper of the Chinese Communist Celebration, posted two viewpoint pieces in two times deciphering the investigation as a move to support, not hurt, the marketplace – even as investors in Hong Kong and New York rushed to market their Alibaba stocks due to issues about hostility from Beijing.

“For the system financial state, the strengthening of anti-monopoly supervision will not provide about a ‘winter’ of the business, but fairly a new starting up stage for greater and more healthy development,”

Chinese quantum laptop or computer completes 2.5-billion-yr job in minutes

Researchers in China claim to have attained quantum supremacy, the level where by a quantum personal computer completes a process that would be just about extremely hard for a classical personal computer to conduct. The device, named Jiuzhang, supposedly executed a calculation in 200 seconds that would take a typical supercomputer a staggering 2.5 billion yrs to full.

Common desktops method details as binary bits – both a zero or a 1. Quantum pcs, on the other hand, have a distinct advantage in that their bits can also be both of those a a person and a zero at the exact same time. That raises the potential processing electrical power exponentially, as two quantum bits (qubits) can be in four probable states, a few qubits can be in eight states, and so on.

That implies quantum computer systems can examine quite a few options concurrently, when a classical laptop would