Daily Tech Roundup: Boeing Setbacks Open Skies for China’s C919

00:00

00:00/00:00

Listen to this article 1x

The second of Comac’s C919 on its maiden flight at Shanghai Pudong Airport on Dec. 17, 2017. Photo: VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

Boeing’s setbacks open the skies for China’s C919 to take off

Boeing, once the undisputed leader in global aviation, is grappling with a series of setbacks that could help China’s burgeoning aircraft industry.

As the American aerospace giant navigates production delays, quality control issues and regulatory scrutiny, China’s own commercial jet, the C919, could seize this opportunity to take off.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Boeing's setbacks, including the 737 MAX fleet grounding, could benefit China's C919, attracting renewed interest from Chinese airlines due to its competitive pricing.
Li Ka-shing’s CK Asset has invested in NEXX Global Ltd., a robotics-driven warehouse startup founded by ex-JPMorgan banker, aiming to enhance AI in logistics and supply chain management.
Chinese EV makers are more eager to establish factories in Europe despite provisional tariffs from an EU anti-subsidy probe, as noted in a recent survey.

AI generated, for reference only

Who’s Who

Commercial Aircraft Corporation of China: The Commercial Aircraft Corporation of China's C919 jet is gaining increased interest from Chinese airlines due to Boeing's production delays and quality control issues. The C919's competitive pricing makes it an attractive alternative in the commercial aviation market.

Boeing: Boeing is facing various issues, including production delays, quality control problems, and regulatory scrutiny, particularly after the prolonged grounding of its 737 MAX fleet following two crashes in 2018 and 2019 that killed 346 people. These setbacks create opportunities for China's C919 aircraft to gain traction, with Chinese airlines showing renewed interest due to the C919's competitive pricing.

NEXX Global Ltd.: NEXX Global Ltd. is a robotics-driven warehouse startup founded in February by former JPMorgan Chase banker Houston Huang. The company has attracted significant investment from Li Ka-shing's CK Asset Holdings Ltd., becoming their biggest institutional shareholder in a pre-series A funding round. The partnership aims to enhance the artificial intelligence capabilities of NEXX's logistics and supply chain management services.

CK Asset Holdings Ltd.: CK Asset Holdings Ltd., a company owned by billionaire Li Ka-shing, has become the biggest institutional shareholder in NEXX Global Ltd., a robotics-driven warehouse startup founded by former JPMorgan executive Houston Huang. The investment occurred during NEXX's pre-series A funding round and aims to enhance the AI capabilities of NEXX's logistics and supply chain services.

Jaguar Land Rover Ltd.: Jaguar Land Rover Ltd. has partnered with Chery Automobile Co. Ltd. to develop electric vehicles, reviving the Freelander badge for new all-electric models. The joint venture, formed in 2012 in Changshu, Jiangsu province, leverages Chery's advanced product platform. The new models will be marketed in China with plans for future exports.

Chery Automobile Co. Ltd.: Chery Automobile Co. Ltd. is a state-owned Chinese automaker known for advanced product platforms. It recently partnered with Jaguar Land Rover Ltd. to develop electric vehicles, reviving the Freelander badge for new models. Established in a joint venture in Changshu, Jiangsu province, in 2012, Chery produces Jaguar and Land Rover vehicles and plans to market the new electric models in China with future export intentions.

Contemporary Amperex Technology Co. Ltd.: Contemporary Amperex Technology Co. Ltd. (CATL) is a Chinese battery giant and the world's largest battery-maker. The company recently launched a "Strive for 100 Days" campaign to boost productivity, resulting in some employees working grueling hours from 8 a.m. to 9 p.m., six days a week. This has reignited criticism over extreme work culture within the company.

AI generated, for reference only

What Happened When

2012：: Jaguar Land Rover and Chery Automobile established a joint venture in Changshu, Jiangsu province, to produce Jaguar and Land Rover cars.

2018：: First crash of Boeing 737 MAX, leading to a series of setbacks for the company.

2019：: Second crash of Boeing 737 MAX, leading to the prolonged grounding of its fleet.

February 2024：: NEXX Global Ltd., a robotics-driven warehouse startup founded by Houston Huang, was set up.

April 2024：: Survey of more than 30 Chinese NEV-makers and industry associations was conducted by the China Chamber of Commerce to the EU and the China Economic Information Service.

May 2024：: Survey of more than 30 Chinese NEV-makers and industry associations continued by the China Chamber of Commerce to the EU and the China Economic Information Service.