Chinese language electrical automobile start-up Nio reveals a brand new sedan AR VR glasses

The delivery of the et5 electric sedan from Nio is scheduled to begin in September 2022.

Nio

BEIJING – Chinese electric car manufacturer Nio unveiled a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens on Saturday.

Augmented Reality is a technology for imposing digital images on the real, physical world. In cars, technology can allow drivers to keep their eyes on the road without looking at a dashboard.

Nio said it was partnered with Chinese augmented reality start-up Nreal for the AR glasses of his new sedan ET5.

The electric car is expected to ship in September 2022, with pre-financing prices starting at 328,000 yuan ($ 51,250) for battery-powered models. The AR glasses are not included in the scope of delivery and must be purchased separately according to the company.

On December 18, 2021, Nio CEO William Li will announce customized AR glasses that will be manufactured with the Chinese start-up Nreal.

Evelyn Cheng | CNBC

The ET5 is the second sedan from Nio to hit the market. The company’s first sedan, the ET7, was unveiled in January at a higher starting price before the subsidy of 448,000 yuan, but has not yet started delivery.

Shipment of the ET7 is slated to begin on March 28, 2022, said William Li, founder, chairman and CEO of Nio, at the company’s annual “Nio Day” event on Saturday.

Tesla, WORLD, Xpeng and other electric car makers in China are already selling sedans that have proven popular with local residents.

Nio said its deliveries rebounded in November from a low of 3,667 cars in October, bringing the total to 80,940 vehicles for the first 11 months of the year. The ES6 and EC6 SUVs were among the top 10 New Energy SUVs sold in China this year through November according to the China Passenger Car Association.

Nio wants to enter Germany

In the next year, the electric car maker plans to bring its products and services to Germany, the Netherlands, Sweden and Denmark, Li said. By 2025, the company aims to reach users in more than 25 countries and regions, he said.

Nio opened a flagship store in Oslo, Norway this year and started delivering vehicles to the electric-car-friendly country that rivals China Xpeng and BYD have also shipped cars.

At the beginning of November, Li announced in a conference call that the company plans to enter Norway in five other countries in Europe next year.

Nios ET5 electric sedan has six options for the interior colors, including the seat belt.

Evelyn Cheng | CNBC

Li told reporters on Sunday that he did not expect Nio to start delivering cars and selling other services in Germany until the end of next year. He did not give a specific date.

Li also declined to provide details on whether Nio, a US-listed company, would offer shares on any other exchange in the short term.

AR / VR investments

Nio’s investment arm Nio Capital is an investor in Nreal. According to a press release, the tailor-made glasses for the ET5 sedan can project an effective screen size of 201 inches by 6 meters.

Nio also announced on Saturday that it had developed virtual reality glasses together with Nolo, another Chinese start-up supported by Nio Capital. Pricing and other details of availability were not disclosed.

Read more about electric vehicles from CNBC Pro

Chinese language shoppers decide favourite electrical automobiles from China, US, Germany

Stephan Wollenstein, CEO of Volkswagen China, will present the new ID.6 Crozz electric car at the Shanghai International Automobile Industry Exhibition on April 19, 2021.

Hector Retamal | AFP | Getty Images

BEIJING – When it comes to their favorite electric car brand, Chinese consumers’ first choice is Warren Buffett WORLD, according to a survey by Bernstein.

Elon Musks Tesla Germany is in second and third place Volkswagensaid Bernstein. The company cited the latest results from a regular survey of Chinese consumers in the third quarter of recent years. This year’s survey, released on Thursday, had around 1,600 respondents.

Most of the respondents lived in China’s larger cities, with an average age of 32 and a monthly income of about 19,000 yuan (2,969), according to the research company.

Almost half of those surveyed said they would consider buying an electric vehicle for their next car purchase.

Intention to buy an electric car from a Chinese start-up like Nio or Xpeng doubled this year to around 9.5% of those surveyed, compared to around 5% in recent years.

Read more about electric vehicles from CNBC Pro

Chinese startups ranked first in the “Upper Mass & Premium” segment of the electric car market, which covers cars costing at least 150,000 yuan ($ 23,437). The next favorite in this segment was Tesla, followed by German premium brands like BMW and Audi, according to the survey.

But for cars of all categories, German premium brands ranked first, followed by Japanese brands Toyota, Honda and Nissan, and Chinese brands like BYD and Geely, the report said. Start-ups with electric cars took sixth place in this category.

China is the largest auto market in the world and many European auto companies make up the country Starting point for their foray into electric vehicles.

Chinese language nationals plead responsible in cash laundering scheme linked to El Chapo’s cartel

ON One Chinese citizen pleaded guilty and another was sentenced to seven years in prison for a global money laundering program that laundered tens of millions of dollars on behalf of drug trafficking organizations including Joaquin “El Chapo” Guzman’s Sinaloa Cartel.

Xizhi Li pleaded guilty on Monday for playing a “leading role” in a “year-long conspiracy to use a foreign casino, foreign and domestic bogus companies, foreign and domestic bank accounts, fake passports and other fake identity documents for money laundering on behalf of transnational drugs” -trading organizations, their main activities included cocaine in drug trafficking, ”the DOJ said.

Chinese money launderers team up with Mexican cartels to take billions off US fentanyl crisis

Li was born in China, but prosecutors said he lived primarily in Mexico and Guatemala when he carried out his plan, which included creating “close ties” with drug traffickers in Mexico, Colombia, Guatemala and elsewhere, and using aliases like “Francisco Ley Tan” to get bank accounts in Miami and buy a casino in Guatemala to advance his plans with. Li pleaded guilty to the money laundering conspiracy and was sentenced to a maximum of 20 years in prison and a $ 10 million sentence in October.

A factual statement signed by both the Justice Department and Li and his attorney last month stated that Li used bank accounts in the United States, China, Mexico, and elsewhere to launder drug profits. Li said he used encrypted platforms like WhatsApp and China’s WeChat to implement his plan.

The Washington auditor reported last month about how Chinese money launderers and fentanyl makers did business with Mexican cartels, banding together to make billions of dollars annually from the opioid that killed thousands of people in the United States

Hong Kong’s Tao Liu, who the DOJ said “helped run the cocaine money laundering program,” pleaded guilty to separate bribery charges in April and was sentenced to seven years in prison on Tuesday. The Justice Department said Liu had “accepted large drug money” on Li’s behalf. Liu was also “the target of a month-long undercover investigation attempting to bribe what he believed to be a corrupt US State Department official to obtain US passports for individuals, including Liu himself,” for US $ 150,000 each. The DOJ found that the allegedly corrupt officer was actually an undercover DEA agent.

The story goes on

“Global money laundering networks allow drug cartels to profit from their deadly trafficking, and yesterday’s guilty guilty plea and today’s verdict underscore the Department of Justice’s commitment to dismantling the financial infrastructure of transnational criminal organizations in order to profit from crime,” said Assistant Attorney General Kenneth Polite Jr. of the DOJ’s Criminal Division said Tuesday.

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Reportedly a seizure request from the DEA shows Investigators told the court that an investigation by a local drug gang led them to conclude that the Sinaloa cartel was supplying cocaine from the Memphis area, with Li running the money laundering program. Court records also reportedly show Investigators told a judge that part of Li’s money laundering was carried out on behalf of a Central American cartel led by Marisela “Iron Lady” Flores-Torruco, who was a cocaine dealer for El Chapo. Prosecutors allegedly said the court found that Li helped launder the profits from the Sinaloa cartel’s cocaine sales in Tennessee, and investigators also concluded that some of Li’s drug money laundering activities were carried out on behalf of the Sinaloa cartel.

Co-conspirators Jiayu Chen, Jingyuan Li, and Eric Yong Woo all have pleaded guilty also. Jianxing Chen, from Belize, has been relieved of money laundering and drug trafficking and is awaiting extradition after being arrested in Peru.

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Keywords: news, China, El Chapo, Ministry of Justice

Original author: Jerry Dunleavy

Original location: Chinese nationals plead guilty of money laundering related to the El Chapo cartel

Israel accuses Chinese language state TV of ‘blatant anti-Semitism’ | Arts & Leisure

BEIJING (AP) – The Israeli embassy in China protests what it calls “overt anti-Semitism” on a program on the overseas channel of the state broadcaster CCTV discussing ongoing violence in Gaza and elsewhere.

In a tweet, the message said, “We were hoping that the days of” Jew controls the world “conspiracy theories are over. Unfortunately, anti-Semitism has shown its ugly face again.”

“We are appalled that blatant anti-Semitism is being expressed in an official Chinese media company,” the tweet said.

Spokesman Erez Katz Volovelsky said the embassy had nothing to add to its tweet and had not yet received a response from CGTN, which operates CCTV for foreign audiences, similar to Russian RT.

On Tuesday’s CGTN broadcast, host Zheng Junfeng asked whether US support for Israel is really based on shared democratic values. “Some people believe that US pro-Israel policies are due to the influence of wealthy Jews in the US and the Jewish lobby on US foreign policy makers. “

“Jews dominate the finance and internet sectors,” says Zheng, speaking English. “So do they have the powerful lobbies that some say? Possible.”

Zheng then accused the US – China’s greatest geopolitical rival – of using Israel as a “bridgehead” in the Middle East and a proxy in its anti-panarabic campaign.

There was no immediate comment from CCTV.

China has long been a strong supporter of the Palestinian cause, and in recent days the State Department has punished the US for blocking a statement in the United Nations Security Council condemning the violence.

Since establishing formal diplomatic relations with Israel in 1992, Beijing has maintained close economic, technological, and military ties, including purchasing early Israeli models of drones.

However, Judaism is not one of China’s officially recognized religions, and stereotypes about Jews as smart businessmen and market manipulators are widespread among the Chinese public.

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High Chinese language official admits vaccines have low effectiveness | Your Cash

BEIJING (AP) – China’s top disease control official said in a rare appreciation that current vaccines offer poor protection against the coronavirus and that mixing these vaccines is one of the strategies being considered to increase their effectiveness.

China has distributed hundreds of millions of doses of domestically manufactured vaccines overseas and relies on them in its own mass vaccination campaign.

However, the director of the Chinese Center for Disease Control and Prevention Gao Fu said at a conference on Saturday that their effectiveness rates needed to be improved.

“We will solve the problem that current vaccines do not have very high protection rates,” Gao said in a presentation on Chinese COVID-19 vaccines and vaccination strategies at a conference in southwestern Chengdu. “We are currently looking into whether we should use different vaccines from different technical fields for the immunization process.”

He also praised the benefits of mRNA vaccines, the technology behind two of the most widely recognized vaccines, Pfizer-BioNTech and Moderna, months after asking if the untested method was safe.

In a message to The Associated Press late Sunday evening, Gao said he was speaking about efficacy rates for “vaccines in the world, not specifically for China.” He did not answer any further questions about the vaccines he was referring to.

He referred the AP to an interview with the state-run Global Times, which published several articles that cast doubts about the safety of Pfizer’s mRNA vaccine. Gao was quoted by the point of sale on Sunday as saying that he had been misunderstood and was simply talking broadly about improving the vaccine’s effectiveness.

Beijing previously tried to cast doubt on the effectiveness of the Pfizer BioNTech vaccine, which uses the genetic code known as messenger RNA, or mRNA, to boost the immune system.

Health officials at a press conference on Sunday did not directly respond to questions about Gao’s comment or possible changes to official plans. However, another CDC official said Chinese developers are working on mRNA-based vaccines.

“The mRNA vaccines developed in our country have also entered the clinical trial phase,” said Wang Huaqing, official. He did not give a schedule for possible use.

Experts say mixing vaccines or sequential immunization could increase their effectiveness. Researchers in the UK are investigating a possible combination of Pfizer-BioNTech and the AstraZeneca vaccine.

Gao ended his presentation on Saturday with praise for mRNA vaccines and called for innovation in research.

“Everyone should consider the benefits mRNA vaccines can bring to humankind,” said Gao. “We have to follow them carefully and not ignore them just because we already have several types of vaccines.”

Gao previously questioned the safety of mRNA vaccines. He was quoted by the official Xinhua News Agency as saying that he could not rule out negative side effects in December as it was being used for the first time in healthy people and said, “There are safety concerns.”

Chinese state media and popular health and science blogs also questioned the safety and effectiveness of the Pfizer BioNTech vaccine, although large-scale studies and the introduction of the vaccines in the US have proven its safety.

China currently has five vaccines in use as part of its mass immunization campaign, three inactivated virus vaccines from Sinovac and Sinopharm, one one-shot vaccine from CanSino, and the last one from Gao’s team working with Anhui Zhifei Longcom.

According to the companies, the effectiveness of the vaccines is between a little more than 50% and 79%.

The shot by Gao’s team was approved for emergency use a month ago and has not yet publicly disclosed any data on its effectiveness.

Studies have shown that Pfizer and Moderna vaccines, which are mainly used in developed countries, have about 95% protection against COVID-19.

As of April 2, around 34 million people in China have received full two doses of Chinese vaccines, and about 65 million have received one, according to Gao.

Globally, public health experts have said that any vaccine that is 50% effective would be useful, and many governments have been eager to use Chinese vaccines as rich countries around the world have taken pictures of Pfizer and Moderna.

WHO director general Tedros Adhanom Ghebreysus said Friday that while one in four people in rich countries received a vaccine, only one in 500 people in poorer countries received a dose.

The coronavirus pandemic, first spotted in central China in late 2019, marks the first time the Chinese drug industry has played a role in responding to a global health emergency.

Vaccines from Sinovac, a privately held company, and Sinopharm, a state-owned company, make up the bulk of China’s vaccines, which are sold in several dozen countries, including Mexico, Turkey, Indonesia, Hungary, Brazil, and Turkey.

However, the companies have not released publicly peer-reviewed data on end-stage clinical trial research and have been criticized for a lack of transparency.

For example, Sinovac’s vaccine gave cause for concern when it was found to have different rates of effectiveness ranging from 50% to over 83% in each of the studies conducted in different countries.

A Sinovac spokesperson, Liu Peicheng, admitted varying levels of effectiveness were noted, but said it could be due to the age of the people in a study, the strain of the virus, and other factors.

Beijing has not yet approved foreign vaccines for use in mainland China.

Sinovac spokesman Liu said studies have shown that protection “may be better” if the time between vaccinations is longer than the current 14 days, but gave no indication that this could be made standard practice.

———

Wu reported from Taipei.

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This story has been corrected to show that Chinese vaccines have been donated or exported to several dozen countries, not 22, and that Sinovac is a private, not state-owned company.

Chinese language electrical automotive start-up Li Auto expects to promote fewer than Nio

A Li Xiang One Hybrid SUV is on display during the 18th Guangzhou International Auto Show in Guangzhou, China on Nov 23, 2020.

Li Zhihao | Visual China Group | Getty Images

BEIJING – Nasdaq-listed Chinese automaker Li car forecasts deliveries in the first quarter that will be below those of competitors.

Li Auto announced late Thursday that it is expected to deliver between 10,500 and 11,500 cars, or fewer than 4,000 vehicles per month, for the first quarter of the year. Shares fell 9.8% in the New York trading session on a wider market sell-off. The stock lost another 3.75% in over-the-counter trading.

Niowhich competes directly with Li Auto in the high-end SUV market delivered more than 7,000 units both December and January. The company will release its latest financial report on Monday.

Xpeng delivered 5,700 cars in December and more than 6,000 in January.

While the numbers of startups suggest rapid growth, they pale in comparison to Tesla. Elon Musk’s electric car The company delivered almost half a million vehicles worldwide last year or an average of more than 41,000 cars a month.

Despite the New Year holiday in mid-February this year, Li Auto’s poor forecast is worrying, said Tu Le, founder of Beijing-based consulting firm Sino Auto Insights.

He pointed out that the company only has one product compared to the other startups and that it should deliver at least 5,000 to 7,000 vehicles a month to keep up.

The only vehicle from Li Auto that Li One is a hybrid electric vehicle That comes with a fuel tank to charge the battery.

Analysts have said the feature makes the Li One attractive to Chinese consumers who are concerned about running out of power without access to a charging station.

Last year, the Li One was one of the top 10 high-end SUVs sold in China, regardless of the fuel type, according to the passenger car association. The company said, however Deliveries fell to 5,379 units in January. from 6,126 a month ago.

The company reported total revenue of 4.15 billion yuan ($ 635.5 million) for the fourth quarter, compared with 2.51 billion yuan in the previous quarter.

Li Auto expects total sales for the first three months of this year to be in line with the last two quarters, with an expected range of 2.94 to 3.22 billion yuan.

Jon M. Chu directing The Nice Chinese language Artwork Heist | Leisure

Jon M. Chu will direct “The Great Chinese Art Heist”.

The 41-year-old filmmaker is set to direct the new Warner Bros. film based on an article in GQ magazine by Alex W. Palmer.

The article tells the story of a number of museum art heists in Europe in which Chinese antiques were stolen, mainly those from the nation’s old summer palace, which was raided by French soldiers in 1860.

Nobody knows who the thieves are, but the works of art always end up in China. The GQ piece asks who is allowed to own art and whether there is a coordinated effort to reclaim pieces from China.

In the meantime, museums are silent about the robberies as the thefts put them in a vulnerable position. Everyone questions their safety and doesn’t want to donate works or materials when insurance rates go up.

Jon is producing the film with Lance Johnson, Agnes Chu, Will Welch and Geneva Waserman. Warner Bros. is currently looking for an author to adapt the article for the big screen.

Jon was also tapped to direct the adaptation of Universal’s ‘Wicked’.

The “Crazy Rich Asians” will direct the upcoming recording of the hit Broadway musical based on “The Wizard of Oz” after original director Stephen Daldry resigns from the project.

Universal had previously removed ‘Wicked’ from its release calendar as part of the COVID-19 pandemic, after it was scheduled to release on December 22 of this year. At the time of writing, no further release information has been disclosed.

TheWrap says the project has not yet been cast, but Marc Platt is producing while the original Broadway composer Stephen Schwartz and music writer Winnie Holzman wrote the script.