China grants conditional approval for Synopsys to acquire Ansys
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China's market regulator has conditionally approved the acquisition of simulation software company Ansys by U.S. software firm Synopsys ' , the State Administration for Market Regulation said on Monday.The approval comes after the United States lifted restrictions on exports to China for chip design software developers earlier this month, allowing companies, including Synopsys, to restore access to their software and technology for Chinese customers.The Chinese regulator said it approved the deal based on restrictive commitments submitted by the companies, requiring the merged entity to fulfil several obligations.The conditions require the companies to honour existing customer contracts, including pricing and service terms, and continue supplying electronic design automation products to Chinese customers on fair and non-discriminatory terms.The companies will also be required to maintain existing interoperability agreements and renew them upon request from Chinese customers.
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Time of India
29 minutes ago
- Time of India
Big worry for Tesla: China's Huawei shocks auto industry with 3,000 km EV battery that charges in just 5 minutes
Huawei EV battery breakthrough promises 3,000 km range with 5-minute charge—game-changer or just lab hype ? Huawei is making headlines in the EV world with a new patent that could completely transform how we think about electric vehicle batteries. The Chinese tech giant, known for its innovations in telecom and consumer electronics, has claimed to develop a solid-state EV battery capable of delivering a staggering 3,000 km driving range on a single charge. What's more, this next-gen battery can reportedly charge from 0 to 100% in just 5 minutes. Filed recently, the patent details a nitrogen-doped sulfide electrolyte-based battery that offers a remarkable energy density of 400–500 Wh/kg, more than double or triple the capacity of traditional lithium-ion batteries. If Huawei can pull this off outside a lab, it might rewrite the rules of the electric vehicle industry. What makes Huawei's solid-state EV battery so different? The core of Huawei's innovation lies in the nitrogen-doped sulfide electrolyte . This component is designed to tackle two major hurdles faced by solid-state batteries—stabilizing the lithium interface and minimizing harmful side reactions, which often derail performance in real-world use. Thanks to this upgraded electrolyte, Huawei claims the battery can reach energy densities up to 500 Wh/kg, compared to around 250 Wh/kg in current lithium-ion tech. That's the key reason the driving range can soar to 3,000 km on a single charge (as per the CLTC—China Light-Duty Vehicle Test Cycle). Even by the stricter EPA cycle, it still holds above 2,000 km, which is far beyond any EV currently on sale globally. Huawei's battery breakthrough leaves Tesla racing to catch up Huawei has stunned the EV world by unveiling a solid-state battery that promises a jaw-dropping 3,000 km range (1,860 miles) and an ultra-fast 5-minute full charge. While still in the patent stage, the battery features sulfide-based solid-state chemistry and 400–500 Wh/kg energy density—far beyond Tesla's current lithium-ion technology. Though real-world application is years away, this bold innovation signals that Chinese tech giants like Huawei and EV makers like BYD are fast becoming threats to Tesla's dominance. Key Huawei battery highlights: 3,000 km theoretical range (vs Tesla's ~500 km) Full charge in ~5 minutes (Tesla takes 15–30 min for partial charges) 2x–3x energy density of Tesla's current batteries Still in development—not commercially ready yet Tesla stock feels the heat as Chinese EV firms surge Following Huawei's battery news and BYD's 5-minute charging breakthroughs, Tesla stock saw a modest decline, while Chinese EV leaders gained momentum. Tesla is still ahead in infrastructure and reliability, but its stock is down ~44% in 2025, reflecting growing concerns about tech leadership. BYD, meanwhile, jumped 4% after unveiling 1,000 kW ultra-fast chargers, further pressuring Tesla's image as the EV tech leader. Market and performance comparison: Tesla Superchargers: ~200 miles in 15 minutes BYD fast charging: 400 km in 5 minutes (1,000 kW chargers) Tesla stock: down 44% YTD BYD stock: rose 4% after fast-charging reveal Can a 5-minute EV battery charge become the new normal? Charging speed is just as impressive. According to the patent, the battery can be fully charged in 5 minutes. That's quicker than your morning coffee. Currently, even the fastest EV chargers take about 20 to 30 minutes to charge a vehicle up to 80%. This capability could eliminate range anxiety entirely—one of the biggest factors holding consumers back from switching to electric. But here's the catch: infrastructure to support such ultra-fast charging rates simply doesn't exist yet in most parts of the world. That includes high-power grid capacity and heat management systems at charging stations. Is it realistic to expect 3,000+ km range in commercial EVs? While the theoretical numbers look phenomenal, experts are urging caution. This tech is currently lab-based and has not been tested at mass production scale. A major issue is the sky-high cost of materials like sulfide electrolytes, which are priced around $1,400 per kWh, or about ₹1.2 lakh—making them several times more expensive than conventional battery components. Additionally, producing these solid-state batteries at scale comes with manufacturing complexities, including precise material handling, safety measures, and temperature controls. Is Huawei entering the EV battery manufacturing race? As of now, Huawei does not manufacture power batteries, but the company has been investing heavily in battery research and advanced materials in recent years. Industry insiders believe this signals Huawei's intent to become a serious player in the EV battery space—especially as the demand for electric vehicles explodes across China and beyond. While Toyota, Samsung SDI, and CATL are aiming to launch commercial solid-state batteries by 2027–2030, Huawei's announcement—if proven viable—could accelerate the competition drastically. Could Huawei's EV battery change the future of electric vehicles? There's no doubt that Huawei's claim—if validated and scaled—has the power to transform the EV industry. A battery that can deliver thousands of kilometers on a single charge and refuel in minutes would erase many of the current limitations of electric mobility. That said, the road to mass adoption is filled with obstacles—from high costs and supply chain challenges to infrastructure needs and regulatory hurdles. Still, the potential is too big to ignore. Even if the real-world range falls short of the CLTC estimate, a 2,000+ km battery with a five-minute charge time is still revolutionary by today's standards. Huawei's solid-state EV battery technology sounds like something out of the future—but it's here on paper. The company still needs to prove it can move from lab success to real-world EVs. But if it succeeds, this could mark a major leap forward in how we power our vehicles.
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First Post
41 minutes ago
- First Post
China beats forecast with 5.2% growth in April-June quarter, experts decode what it means
Even as China beat expectations to grow 5.2% in the April-June quarter, experts pointed out that retail sales and investment remained lower than expected, but industrial output was surprisingly positive. They said the economy's future trajectory is now up to Chinese policy support and developments in the tariff war. read more People make their way at Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon/ File China's economy grew at a slightly faster pace than expected in the second quarter, showing resilience in the face of US tariffs, though analysts warn of intensifying headwinds that will ramp up pressure on policymakers to roll out more stimulus. Data on Tuesday showed China's gross domestic product (GDP) grew 5.2 per cent in the April-June quarter from a year earlier, slowing from 5.4 per cent in the first quarter, but just ahead of analysts' expectations in a Reuters poll for a rise of 5.1 per cent. STORY CONTINUES BELOW THIS AD Key points Q2 GDP +5.2 per cent year on year (forecast +5.1 per cent, Q1 +5.4 per cent) Q2 GDP +1.1 per cent quarter on quarter (forecast +0.9 per cent, Q1 +1.2 per cent) June industrial output +6.8 per cent year on year (forecast +5.7 per cent, May +5.8 per cent) June retail sales +4.8 per cent year on year (forecast +5.4 per cent, May +6.4 per cent) H1 fixed asset investment +2.8 per cent year on year (forecast +3.6 per cent, Jan-May +3.7 per cent) H1 property investment -11.2 per cent year on year (Jan-May -10.7 per cent) Market Reaction China's blue-chip CSI300 Index reversed course to trade flat, while Hong Kong's benchmark Hang Seng cut gains after the data came in. The CSI 300 index was down 0.1 per cent, while the Hang Seng was up 0.7 per cent. Ben Bennett, Head of Investment Strategy for Asia, L&G Asset Management, Hong Kong 'Retail sales and investment were lower than expected, but industrial output surprised positively, so policymakers will likely be happy with the overall outcome. Some investors might be disappointed that this doesn't signal the need for more immediate stimulus. U.S. tariffs remain a major headwind, but Chinese policymakers won't feel the need to offset this if economic growth remains strong.' More from World Just weeks before Air India crash, UK regulator flagged fuel switch issues in Boeing jets: Report Lisheng Wang, China Economist, Goldman Sachs, Hong Kong 'With H1 real GDP growth averaging 5.3% y/y, we do not think policymakers have the urgency to launch broad-based, significant stimulus at the July Politburo meeting. Instead, we expect incremental, targeted easing to help stem the property downturn and mitigate labour market pressures in H2.' Alex Loo, Macro Strategist, TD Securities, Singapore 'Market reaction was more muted as it was a mixed slate of data… Focus now shifts to the July Politburo meeting which will convene on economic issues. We expect the discussion to be centred on the property sector after a string of poor housing data and different onshore media leaks that revolved around potential property stimulus. 'We doubt new fiscal stimulus is on the agenda given the remarkable economic growth in H1 and officials will likely prefer to be on a wait-and-see mode and monitor trade developments after the August U.S.-China truce deadline.' Shane Oliver, Chief Economist, AMP, Sydney 'Overall, it's OK, it's just enough to keep the economy growing around the target pace of 5%. The economy is growing, but it's not fantastic, but it's still growing and I think from a policy point of view, authorities will continue to do just enough to keep it ticking over and will not do more.' STORY CONTINUES BELOW THIS AD Tony Sycamore, Analyst, IG, Sydney 'It's not a bad number. I mean it's a lot better than where we thought things were gonna be back in April, but in terms of retail sales, just a little bit of a miss there. Combined with the CPI number we saw last week and the balance of trade, it's probably not going to upturn the apple cart too greatly today. 'Probably it looks like the Chinese economy is still muddling through. And I like the fact that the deflationary spiral last week looks like ended with that better inflation data that we saw.' Christopher Wong, Currency Strategist, OCBC, Singapore 'The Chinese economic and growth data was mixed, with industrial production surprising to the upside despite persistent property sector weakness. There was only modest impact on the yuan, partly reflecting policymakers' intent to pursue stability in the yuan. The focus next will be on details of China's policy support and tariff developments.' STORY CONTINUES BELOW THIS AD Dan Wang, China Director, Eurasia Group, Singapore 'Industrial production remains the key growth driver, but it's highly automated and doesn't generate jobs. Q3 growth is at risk without stronger fiscal stimulus. Consumption is weaker than expected — momentum from the trade-in programme has faded, and housing remains a drag with low transaction volumes. '(U.S. President Donald) Trump's tariffs hit exporters hard, triggering SME bankruptcies and damaging sentiment. Both consumers and businesses have turned more cautious, while exporters are increasingly looking overseas for growth.' Jeff Ng, Head of Asia Macro Strategy, SMBC, Singapore 'The market reaction was quite muted because of the fact that expectations were already there for China to grow by more than 5%. 'Growth has been supported by front-loading… (but) I think we're still staring at a slowdown once the tariffs come into fruition. 'The domestic economy and retail sales, of course, it'll still be dragged by concerns. The sentiment isn't that great, but at least I see some signs of it bottoming out.' STORY CONTINUES BELOW THIS AD Background US. President Donald Trump's global trade war has added a significant new layer of risk for China's economy, which has been struggling to mount a solid recovery due to a prolonged property crisis, deflationary pressures and low consumer confidence. The world's second-biggest economy has so far avoided a sharp slowdown this year due partly to a fragile U.S.-China trade truce and policy support measures. China's exports regained some momentum in June while imports rebounded, as firms rushed out shipments to capitalise on the tariff truce between Beijing and Washington ahead of a looming August deadline. Beijing has ramped up infrastructure spending and consumer subsidies, alongside steady monetary easing. In May, the central bank cut interest rates and injected liquidity as part of broader efforts to cushion the economy from Trump's trade tariffs. But analysts say stimulus alone may not be enough to tackle entrenched deflationary pressures, with producer prices in June falling at their fastest pace in nearly two years. China has set an ambitious 2025 growth target of 'around 5%', though the trade war with the United States has already prompted many analysts to sharply downgrade their GDP forecasts for this year. For the whole of 2025, China's GDP growth is forecast to cool to 4.6% - falling short of the official goal - from last year's 5.0% and ease further to 4.2% in 2026, according to a Reuters poll. (This is an agency copy. Except for the headline, the copy has not been edited by Firstpost staff.)
New Indian Express
41 minutes ago
- New Indian Express
'Dialogue' must be at heart of China- Australia ties, PM Albanese tells Xi
BEIJING: "Dialogue" must be at the heart of ties between Canberra and Beijing, Australian Prime Minister Anthony Albanese said on Tuesday as he met President Xi Jinping in the Chinese capital. Albanese is on his second visit to China as prime minister, seeking to bolster recently stabilised trade ties even as geopolitical tensions remain high. Relations between Beijing and Canberra have charted a bumpy course over the past decade, a period marked by repeated disagreements over national security and competing interests across the vast Pacific region. Ties improved in December when China called off a ban on imported Australian rock lobster, removing the final obstacle to ending a damaging trade war waged between the countries from 2017. Albanese met Xi in the Great Hall of the People and said he welcomed "the opportunity to set out Australia's views and interests". "Australia values our relationship with China and will continue to approach it in a calm and consistent manner, guided by our national interest," Albanese, the leader of Australia's centre-left Labor government, said. "It's important we have these direct discussions on issues that matter to us and to the stability and prosperity of our region. As you and I have agreed previously, dialogue needs to be at the centre of our relationship," he said. Xi, in turn, hailed the "benefits" of improved ties between China and Australia, saying the relationship had "risen from the setbacks and turned around". "No matter how the international landscape may evolve we should uphold this overall direction unswervingly," he said. Key trading partner China is one of Australia's most important economic partners, accounting for nearly one-third of its total trade. Albanese is accompanied on his visit by a delegation of key business leaders who will attend a CEO roundtable in Beijing. His trip will last until Friday and will also take him to the southwestern city of Chengdu.
