Yutong Bus launched a technology platform to enhance electric bus efficiency, increasing driving range by 10% and cutting costs by 20%, during Australia’s National Bus and Coach show.

Yutong Bus Introduces New Technology Platform

Yutong Bus, the largest electric-bus manufacturer globally, has launched a new technology platform aimed at enhancing driving ranges and reducing operational costs. This initiative comes as the company advances its position in a growing market driven by the decarbonization of public transport fleets worldwide.

Based in Zhengzhou, China, Yutong presented its platform during Australia’s National Bus and Coach show in Brisbane, highlighting four new electric buses. The platform combines software and hardware advancements to enhance the safety, reliability, and efficiency of its commercial electric vehicles.

In collaboration with battery partner CATL, Yutong plans to boost driving range by 10% while lowering operating costs by 20%. New batteries can fully charge in just 2.5 hours, while long-distance coaches can achieve a 50% charge during driver breaks in only 30 minutes.

Source : China’s world-leading electric-bus maker Yutong touts new tech as exports grow

CapitaLand Investment is negotiating to acquire a 20-30% stake in Club Med from Fosun International, outbidding competitors. Ongoing talks have resulted in stock price increases for both firms.

CapitaLand Investment in Talks to Acquire Stake in Club Med

Singapore’s CapitaLand Investment is reportedly in advanced negotiations to purchase a minority stake in luxury resort chain Club Med from its Chinese parent company, Fosun International. Sources familiar with the matter indicate that CapitaLand is looking to acquire between 20 to 30 percent of the hotelier, with the anticipated investment amounting to several hundred million euros.

Competitive Bidding and Market Reactions

CapitaLand has emerged as a leading contender for the stake, successfully outbidding various private equity rivals. Following news of these discussions, shares of CapitaLand Investment rose by 2.4 percent, reaching their highest point since early February. Meanwhile, Fosun Tourism’s stock also saw a notable increase, jumping as much as 9.3 percent during the trading session.

Fosun’s Strategic Asset Management

Fosun International has been actively working to reduce its debt through asset sales and limited borrowing. These strategic moves have contributed to a renewed global investor confidence, distinguishing Fosun as one of the few Chinese conglomerates to successfully navigate recent economic challenges.

Source : China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

China’s economic downturn is attributed to factors like property market issues and reduced consumer demand, impacting Australia through decreased exports and trade relations, affecting both economies’ growth prospects.

Understanding China’s Economic Downturn

China is currently experiencing a significant economic downturn, influenced by several factors, including declining consumer confidence, trade tensions, and structural issues within its economy. The high debt levels and property market instability further exacerbate the situation, leading to slow growth and increased financial risks.

Implications for Australia

This economic situation in China poses various challenges for Australia, which relies heavily on its trading relationship with the Asian giant. Australia’s exports, particularly in sectors like mining and agriculture, could see reduced demand, affecting its economic stability and growth prospects.

Navigating Future Challenges

As Australia faces these uncertainties, it will be crucial to diversify its trade partnerships and focus on domestic economic resilience. Policymakers must strategize to mitigate potential impacts and ensure sustainable growth amid the evolving international landscape.

Source : What’s causing China’s economic downturn and what does it mean for Australia? – The Guardian