Daily Tech Roundup: China Sets Up Solid-State Battery Fund, Chinese Spacecraft Makes Historic Moon Landing
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Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.
China sets up solid-state EV battery fund, source says
China has established a dedicated fund of about 6 billion yuan ($828 million) to stimulate the development of solid-state batteries for electric vehicles (EVs), an industry insider told Caixin. The revelation comes as some domestic EV-makers have been trying to figure out the best pathway to commercializing the potentially groundbreaking technology. Solid-state batteries are considered a potential game changer for the EV industry because their ability to provide a huge boost to battery performance, along with advantages in safety and shortened charging times.
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- China established a 6 billion yuan ($828 million) fund to develop solid-state EV batteries.
- A Chinese spacecraft, Chang’e-6, successfully landed on the moon's far side and aims to collect and return samples.
- Former U.S. President Donald Trump joined TikTok to connect with young voters, despite previously attempting to ban it.
- TikTok
- Former U.S. President Donald Trump joined TikTok, the Chinese-owned platform he previously attempted to ban. His debut on the video-sharing app featured a 13-second clip with UFC CEO Dana White as Trump seeks to engage young voters. This move comes amid his campaign efforts for the 2024 presidential race.
- Crypto.com
- Crypto.com is among the 11 cryptocurrency exchanges closer to obtaining licenses in Hong Kong, as indicated by the Securities & Futures Commission. The commission's website lists Crypto.com as "deemed to be licensed," signaling significant progress in the city's effort to become a hub for the digital asset industry.
- Bullish
- Bullish is one of 11 cryptocurrency exchanges in Hong Kong that are closer to obtaining licenses, according to the Securities & Futures Commission. The platform is among those with notable trading volumes globally.
- By June 1, 2024：
- Hong Kong's Securities & Futures Commission showed that 11 cryptocurrency exchanges, including Crypto.com and Bullish, are deemed to be licensed.
- June 2, 2024：
- The China National Space Administration announced that Chang’e-6 successfully landed at the designated landing area on the far side of the moon.
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