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Nigeria is in talks with the Export-Import Bank of China for a USD 2 billion loan to build a new “super grid” linking the country’s eastern and wester…

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Nigeria is in talks with the Export-Import Bank of China for a USD 2 billion loan to build a new “super grid” linking the country’s eastern and western regions. The cabinet-approved project aims to ease power shortages and attract industrial users back to the national grid as part of wider energy sector reforms.

China has pulled ahead of the US in the global energy export race, shipping USD 120 billion in clean technologies through July compared with USD 80 billion in US oil and gas exports. Driven by demand for <a href="/industry/ev">EVs</a>, solar panels, and batteries, China’s record USD 20 billion in August exports underscores its growing dominance in clean energy trade.

<a href="/company/tesla">Tesla</a> shares rose after the company posted teaser videos on X showing a car's components and headlights, ending with “10/7.” The posts reignited speculation over whether CEO Elon Musk will unveil the next-generation Roadster or a lower-cost model aimed at broadening mass market appeal.

Sunrise New Energy has received USD 600,000 from China’s National Special Fund for Science and Technology Development, marking the first national-level science project approved in Qianxinan prefecture in three years. The funds will support R&amp;D on solid-state battery anode materials and help accelerate the industrialization of next-generation technologies.

<a href="/company/kuaishou">Kuaishou</a> has launched FantaSay, a virtual companion app with adult chat features, through its Singapore-based unit Symphony Tech, marking its first international push in the category. The app has reportedly recorded about 500,000 downloads and follows Kuaishou’s domestic release of Kraft, as the firm expands <a href="/industry/ai">AI</a>-driven revenue beyond China.

Faraday Future has finalized its localized production and assembly plan for the FX Super One in the US after multiple technical reviews. The company expects the first US-spec vehicle to roll off the line by year's end while continuing testing in the US and UAE, where the model will launch on October 28 and begin deliveries in November.

South Africa’s trade minister said Chinese and Indian automakers plan to upgrade their semi-knocked-down assembly lines to full-scale production. BAIC, which assembles the Beijing X55 in Gqeberha, will shift to complete manufacturing, signaling growing Chinese involvement in South Africa’s automotive sector.

WeRide has launched pilot operations for autonomous vehicles in Ras Al Khaimah in partnership with the local transport authority, marking its first deployment in the emirate and third in the UAE. The pilot brings self-driving vehicles into the public transport network ahead of a planned commercial rollout in 2026.

China’s top banks are financing over a third of Aramco’s USD 11 billion Jafurah gas project, with Bank of China, ICBC, China Construction Bank, and Agricultural Bank of China lending more than USD 3.7 billion combined. Chinese funds, however, avoided equity participation, reflecting how US-China tensions are reshaping Gulf investments.

<a href="/company/xiaomi">Xiaomi</a> has launched a customization service for its YU7 Max and SU7 Ultra <a href="/industry/ev">EV</a> models, offering 26 handcrafted options including premium paint finishes, curated interiors, and materials such as ash wood veneer and ceramic emblems. Production will be limited to 40 vehicles per month during the program’s first year.

Hon Hai Precision Industry, or Foxconn, reported an 11% rise in quarterly revenue to TWD 2.06 trillion, driven by strong demand for <a href="/company/nvidia">Nvidia</a>-powered <a href="/industry/ai">AI</a> servers. The company said server sales more than doubled and expects further growth this quarter, even as trade tensions and evolving US tariff policies add uncertainty.

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The electronics maker is expanding in sales and R&D, targeting young talent drawn to its culture of openness, agility, and results.

Dreame kicks off 2025 recruitment drive as workforce tops 20,000

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Hitcard has the task of convincing investors that trading cards are more than child’s play.

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The company hopes to win fans with the Bose tie-up but faces rivals like Anker and QCY.

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Nigeria eyes China funding for "super grid"

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Dreame kicks off 2025 recruitment drive as workforce tops 20,000

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