CHINESE electric vehicle battery giant Contemporary Amperex Technology Co Ltd (CATL) has signed a cooperation agreement with French carrier cma CGM to explore research and development opportunities in areas such as electric ships, commercial vehicles and warehouse logistics, reports Caixin.
CATL said they also plan to establish a joint venture but didn't disclose details. Zeng Yuqun, the founder and chairman of CATL, is one of the business leaders accompanying Chinese leader Xi Jinping on his European trip.
At a meeting with Chinese and French business leaders Monday, French President Emmanuel Macron said China has world-recognised expertise in fields such as batteries, new energy vehicles and solar photovoltaic panels, and he welcomes Chinese companies doing business in France.
Recently, French banking major BNP Paribas will establish a new securities unit in China after it left a local joint venture 17 years ago, reports Hong Kong's South China Morning Post.
The bank will initially focus on building out its brokerage, research and asset management units after receiving regulatory approval.
The firm has opted not to expand its onshore investment banking business due to the excessive costs and a dismal outlook for deals, said the report.
The Paris-based lender is leveraging its European status to slowly expand in China even as some Wall Street firms scale back amid growing US-China tensions.
In the past two years, Morgan Stanley, Goldman Sachs and JPMorgan have all made rounds of job cuts in Hong Kong and China, mostly in their investment-banking business.
SeaNews Turkey
CATL said they also plan to establish a joint venture but didn't disclose details. Zeng Yuqun, the founder and chairman of CATL, is one of the business leaders accompanying Chinese leader Xi Jinping on his European trip.
At a meeting with Chinese and French business leaders Monday, French President Emmanuel Macron said China has world-recognised expertise in fields such as batteries, new energy vehicles and solar photovoltaic panels, and he welcomes Chinese companies doing business in France.
Recently, French banking major BNP Paribas will establish a new securities unit in China after it left a local joint venture 17 years ago, reports Hong Kong's South China Morning Post.
The bank will initially focus on building out its brokerage, research and asset management units after receiving regulatory approval.
The firm has opted not to expand its onshore investment banking business due to the excessive costs and a dismal outlook for deals, said the report.
The Paris-based lender is leveraging its European status to slowly expand in China even as some Wall Street firms scale back amid growing US-China tensions.
In the past two years, Morgan Stanley, Goldman Sachs and JPMorgan have all made rounds of job cuts in Hong Kong and China, mostly in their investment-banking business.
SeaNews Turkey