Lingyi iTech Raises $1.1 Billion in Hong Kong IPO
Lingyi iTech Guangdong Co. successfully raised $1.1 billion in its Hong Kong listing, pricing shares at the maximum range due to high investor demand.
Bloomberg Technology · 87d ago
Smart factories, quality inspection and industrial copilots. Where AI meets the production line.
274 articles
Lingyi iTech Guangdong Co. successfully raised $1.1 billion in its Hong Kong listing, pricing shares at the maximum range due to high investor demand.
Bloomberg Technology · 87d ago

Lucid Motors is laying off 18% of its staff and eliminating its second production shift in Arizona. The company is also removing the COO role as part of a major restructuring effort.
The Next Web (TNW) · 89d ago

An exploration of Foshan's furniture industry, known for its rapid prototyping and ability to replicate high-end global designs at a fraction of the cost.
虎嗅 · 91d ago

The electronic cloth market is undergoing a significant industry shakeout, testing the resilience of business structures as market demand shifts. Only companies with robust operational strategies are expected to survive the current downturn.
钛媒体 · 92d ago
Stephan Mayer, CEO of Trumpf's machine tools division, states that tariffs are a greater headwind for the manufacturing industry than the ongoing Iran war. The company emphasizes that trade policy currently outweighs geopolitical conflict in operational impact.
Bloomberg Technology · 93d ago
Chinese manufacturer Lingyi iTech Guangdong Co. is initiating an IPO in Hong Kong.
Bloomberg Technology · 95d ago

Sanfu New Science has seen its core revenue drop by 80% in a year, with gross margins turning negative. The company's high-growth narrative for composite copper foil equipment has stalled.
钛媒体 · 100d ago

This booklet compiles key news from MONOist regarding the integration of AI in product development, design, and analysis. It provides engineers with a curated overview of how AI is transforming industrial workflows.
ITmedia AI+ (日本) · 104d ago

Baogang Group has successfully developed and mass-produced ultra-high strength rare earth wear-resistant steel. This material features superior low-temperature toughness and strength, breaking foreign technical monopolies in the high-end materials sector.
IT之家 · 105d ago
China's manufacturing PMI reached 50.0% in May, indicating a stagnant growth environment. Large enterprises showed expansion, while small and medium-sized enterprises faced contraction.
36氪 · 112d ago
China's manufacturing sector experienced a slowdown in May due to holiday-related disruptions and rising input costs. The ongoing conflict in the Middle East continues to impact global supply chains and demand.
Bloomberg Technology · 112d ago
Toyota is set to open its second factory in Sorocaba, Brazil, in November. This expansion is part of a 2.18 billion USD investment plan running through 2030.
36氪 · 113d ago
Pharmaron plans to invest 3 billion yuan to build a facility for pharmaceutical intermediates and APIs in Shaoxing. The project aims to expand CDMO capacity with completion phases in 2028 and 2030.
36氪 · 115d ago
Jiaheng Home announced that Hangzhou Pinbianyi has become its new controlling shareholder following a share transfer from the founder. Xu Yi has taken over as the actual controller of the company.
36氪 · 115d ago

Photovoltaic equipment suppliers are facing significant financial distress as clients return equipment sold years ago. Companies are now forced to refund hundreds of millions in payments, highlighting a severe downturn in the solar manufacturing sector.
钛媒体 · 119d ago

Tesla is recalling 14,575 Model Y vehicles due to missing weight certification stickers caused by an automated vision-scanning tool error. Unlike typical Tesla recalls, this issue cannot be resolved via an over-the-air software update.
The Verge · 120d ago

Li Hanqiong has officially taken over as Chairperson of Youngor, facing the challenge of revitalizing the fashion business while managing a complex portfolio of real estate and financial investments.
虎嗅 · 120d ago
Zhejiang Shibao clarified in an investor Q&A that it has no current plans to expand into optical modules, data leasing, or AI-related industries. The company remains focused on its existing core business operations.
36氪 · 120d ago

The Hungarian government has launched a formal investigation into the BYD factory construction site in Szeged following reports of illegal soil disposal. Authorities suspect that excavated soil was spread in surrounding areas without mandatory environmental testing.
cnBeta (Full RSS) · 122d ago
Guanglian Aviation Industrial Co., Ltd. has increased its registered capital by approximately 10%, reaching 330 million RMB.
36氪 · 122d ago

Zhou Qunfei, known as the 'Glass Queen', is expanding her influence in the Hong Kong stock market through a significant stake acquisition in Giant Manufacturing. The move comes amid a sharp decline in the target company's stock price.
钛媒体 · 123d ago
The aluminum processing industry is seeing a surge in orders for new energy battery materials and high-end manufacturing components. Multiple companies are expanding production capacity to meet the sustained demand for lightweight materials.
36氪 · 124d ago
Hongqiao Holdings announced a 9 billion RMB capital expenditure plan for 2026, focusing on upgrading capacity in the Yunnan region. The company currently has no plans for further expansion in the aluminum processing sector.
36氪 · 125d ago
Hengli Petrochemical plans to invest 25.7 billion yuan in a 2.4 million-ton coal-to-ethylene glycol project. The project aims to secure raw material supply for polyester production and mitigate oil price volatility.
36氪 · 127d ago

The article traces the Rust Belt's peak as US manufacturing hub in the 1960s-70s to its decline due to offshoring, automation, and financial shifts. Cities like Detroit lost millions of jobs as factories closed and robots replaced workers.
虎嗅 · 144d ago
India's ambitious manufacturing goals are hindered by China's tech dominance. Big Take Asia podcast explores why India relies on China to succeed.
Bloomberg Technology · 151d ago
Shenzhen's MIIT issues plan for scaling advanced intelligent factories. Base-level factories focus on digital transformation and smart equipment deployment.
36氪 · 172d ago

Brinc is relocating to a 35,000 sq ft headquarters and factory at West Canal Yards in Seattle's Queen Anne. The former fish cannery along Lake Washington Ship Canal accommodates the startup's rapid growth.
GeekWire · 179d ago

Under General Secretary To Lam, Vietnam conditionally empowers southern economic leaders for growth while retaining political control via anti-corruption and administrative reforms. Northern industrial parks attract AI-driven FDI and exports amid trade wars.
虎嗅 · 182d ago

German leader Merz calls for longer hours post-China visit, stunned by distributed manufacturing speed. Contrasts Western CPU-like linear production with China's GPU-parallel supplier networks.
虎嗅 · 201d ago