Tech investments in China are focused on 3 trends, says Antler

first_imgSuch wireless ecosystems would contribute to the overall effort to combat climate change, which is an area that investors are increasingly paying attention to, he said.Eric Lin, head of research at UBS Securities in China, said Chinese investors are looking more at ESG research. ESG stands for environmental, social and governance factors that investors consider when deciding which assets to put their money in.For example, investors may consider whether their investments are generating returns from driving positive changes in the world, or simply supporting something that’s not doing harm.Typically, such investments “tend to generate higher risk-adjusted returns,” which is good news for investors, said Lim, who spoke on the same panel. He added that “hot sectors” that attract investors in China include renewable energy and electric vehicles. – Advertisement – The next trend Wang shared is greater use of smart devices, which account for only 5% of household appliances in China, compared with around 20% to 30% in the U.S.“In the future, I believe, we will have this (percentage) go up to at least 30% to 40%, even to 50%” in China, he said. (L-R) Hongye Wang, partner of Antler; Eric Lin, head of research at UBS Securities in China; and Evelyn Cheng of CNBC on the first day of CNBC’s East Tech West conference in Nansha, Guangzhou on Nov. 17, 2020.Dave Zhong | Getty Images for CNBC Wang added that more of those devices — such as televisions and fridges — are likely to be wireless, which is the third and final trend that he sees. Going wireless means devices would need better batteries and power-control systems, he noted.- Advertisement – China, already home to technology giants such as Alibaba and Tencent, has more to offer to investors as the coronavirus pandemic accelerated tech adoption globally, a partner at an early-stage venture capital firm said on Tuesday.  Tech investments in the Asian economic giant are headed into three broad areas, Hongye Wang, a partner at Antler, said at CNBC’s annual East Tech West conference in the Nansha district of Guangzhou, China.First, he said that while e-commerce has a large presence in China, the pandemic has moved more activities online, such as education and medical services. That can grow even more in the future, he said during a panel discussion moderated by CNBC’s Evelyn Cheng.- Advertisement – – Advertisement –last_img read more

The Latest: Italy’s sports minister to extend ban on events

first_imgThe Latest: Italy’s sports minister to extend ban on events Associated Press The current nationwide lockdown is due to expire on Friday but Italian health experts have said the need to try to contain COVID-19 will likely last weeks beyond that.Minister Vincenzo Spadafora tells Italian daily La Repubblica that talks about restarting the Serie A soccer league on May 3 are “unrealistic.”He adds: “(On Monday) I will propose extending the ban on sports competitions at every level for all of April. And I’ll extend the measure to training — an area where we hadn’t intervened because there was still a possibility of holding the Olympics.”Some clubs like Lazio and Napoli had been pushing to restart training as soon as this week.At least 15 Serie A players have tested positive for COVID-19. March 29, 2020 Overall, Italy has nearly 100,000 positive cases and days ago surpassed the total in China, where the outbreak began in late 2019.Spadafora says he’s hoping Serie A officials show “a serious desire to change. The big clubs live in a bubble, beyond their means, starting with the millionaire wages of the players. They need to understand that nothing will be like before anymore after this crisis.”To that end, on Saturday Cristiano Ronaldo and his Juventus teammates along with coach Maurizio Sarri agreed to forgo 90 million euros ($100 million) in wages to help the club during the crisis.Spadafora also says that he will allocate 400 million euros ($450 million) for recovery efforts at amateur sports associations.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Italy’s sports minister is planning to extend the ban on games and competitions in the country through all of April. More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

XL PHEV System Improves Ford F250 Truck Fuel Economy By 50

first_imgHaving a 15 kWh battery (rechargeable externally via J1772) and electric motor supporting the engine, the XL doesn’t have any real all-electric range, so it’s kind of a hybrid vehicle with a plug-in capability compared to typical PHEVs, which usually can move in all-electric mode. We could call it a base electrification approach for times where there are no factory plug-in hybrids. Fleets will be able to save on fuel, although it’s just an enhanced hybrid systemAs earlier announced, XL presents at the NTEA Work Truck Show in Indianapolis its plug-in hybrid system installed in Ford F-250 Super Duty Pickup.The initial assessment performed by XL reportedly indicates the potential for up to 50% improvement in miles driven per gallon (MPG) over the conventional factory F-250. Reduction of greenhouse gas (GHG) emissions is expected to be at 33% during normal operation.More Truck News Can Tesla Electric Pickup Truck Beat Ford And Rivian R1T? Video Motiv EPIC Chassis To Be Assembled Alongside Ford F-59 Platform Source: Electric Vehicle Newscenter_img Author Liberty Access TechnologiesPosted on March 9, 2019Categories Electric Vehicle News Tesla Pickup Truck Unveiling Set For Later This Year Production and deliveries are scheduled for Q4 2019.“XL’s newest product expands its successful plug-in hybrid electric (PHEV) product family, which also includes the XLP Ford F-150 that the company began shipping in 2018 to municipal, utility and commercial fleets throughout the United States.”“The XLP F-250 features a high voltage 15 kWh lithium-ion battery pack that is compatible with Level 1 and Level 2 charging stations using an industry-standard J1772 plug interface. The battery is also charged by regenerative braking during driving, which captures and stores energy while slowing the vehicle. The energy is then transferred back into the drivetrain through an electric motor which helps propel the vehicle during acceleration, reducing fuel consumption, CO2 emissions and brake wear. The entire system weighs 750 pounds and is professionally mounted onto existing factory components.  The XLP F-250 has no effect on Ford factory warranties, and requires no special maintenance procedures or charging infrastructure enhancements.”Tod Hynes, Founder and CEO of XL said:“The XLP F-250 is an important addition to the fleet industry, providing the legendary performance of a Ford Super Duty truck with the proven sustainability and fuel economy enhancements of an XL electrification system. The fleet industry is looking for ways to electrify their trucks now, without adding significant infrastructure costs or range concerns for their drivers. This vehicle gives them that power.”last_img read more