China's Geely to Launch Hybrids with More Fuel-efficient Engines

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
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China's Geely to Launch Hybrids with More Fuel-efficient Engines

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo

China's Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.
Geely's engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co.
Geely said this was among the highest in the world, and would reduce fuel consumption and extend driving range, Reuters said.
The new models will be launched for Geely Auto's Galaxy series and its Lynk & Co brand.
Plug-in hybrids are the fastest growing fuel-type sector in China thanks to their affordability, and competition in the sector is intensifying.
BYD on Tuesday launched two hybrid sedans equipped with its new hybrid tech, priced from 99,800 yuan ($13,800).
BYD said the new hybrid tech enables fuel consumption on depleted batteries of 2.9 liters per 100 km under New European Driving Cycle tests, with a thermal efficiency of 46.06%.



Trump Says TikTok Sale Deal to Come before Saturday Deadline

The TikTok app logo is seen in this illustration taken, August 22, 2022. (Reuters)
The TikTok app logo is seen in this illustration taken, August 22, 2022. (Reuters)
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Trump Says TikTok Sale Deal to Come before Saturday Deadline

The TikTok app logo is seen in this illustration taken, August 22, 2022. (Reuters)
The TikTok app logo is seen in this illustration taken, August 22, 2022. (Reuters)

President Donald Trump said a deal with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday.

Trump set the April 5 deadline in January for TikTok to find a non-Chinese buyer or face a US ban on national security grounds due to have taken effect that month under a 2024 law.

"We have a lot of potential buyers," Trump told reporters on Air Force One late on Sunday. "There's tremendous interest in Tiktok," adding, "I'd like to see Tiktok remain alive."

TikTok did not immediately comment.

Reuters reported on Friday private equity firm Blackstone is evaluating making a small minority investment in TikTok's US operations, according to two people familiar with the matter.

Blackstone is discussing joining ByteDance's existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital to bid for TikTok's US business. The group has emerged as front-runners.

Washington says TikTok's ownership by ByteDance makes it beholden to the Chinese government and Beijing could use the app to conduct influence operations against the United States and collect data on Americans.

Trump previously said he was willing to extend the April deadline if an agreement over the social media app was not reached.

Last week, he acknowledged the role China will play in getting any deal done, including giving its approval, saying "maybe I'll give them a little reduction in tariffs or something to get it done."

Vice President JD Vance has said he expects the general terms of an agreement resolving the ownership of the social media platform to be reached by April 5.

The future of the app used by nearly half of all Americans has been up in the air since a 2024 law, passed with overwhelming bipartisan support, required ByteDance to divest TikTok by January 19.

The White House has been involved to an unprecedented level in the closely watched deal talks, effectively playing the role of investment bank.