urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia
tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.
Craig Allen, president of the council, said many of its members are suppliers to Huaw
ei, and all of them have been impacted by the Department of Commerce’s move.
Founded in 1973, the council represents around 200 US companie
s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte
l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.
The members will follow US law, but there is a cost associated with that, Allen told China Daily.
de has made various remarks about trade negotiations, with some saying the agreement w
ill come out soon while others saying it’s still difficult to reach an agreement, from time to time.
China’s position has been consistent, Lu said. “The trade frictions should be resolved through friendly con
sultations and negotiations, which must be based on mutual respect, equality and mutual benefit,” he added.
SOUTHAMPTON, England – Nigel Farage’s Brexit Party was se
t to storm to victory in a European election, riding a wave of anger at the failure of Prime Min
ister Theresa May to take the United Kingdom out of the European Union, early results showed.
The country’s two main parties, May’s Conservatives and the opposition Labour Party, hemorrhaged support while sm
aller pro-EU parties did well: the Liberal Democrats were in second place, according to a BBC projection.
uled to become a shareholder of the joint venture by the end of 2019, holding at least 1 percent of i
ts equity. According to Chinese norms, it is mandatory for international brands to produce vehicles in China bearing its names.
Luca de Meo, CEO of SEAT, said: “China is the benchmark country for electric vehicles. We aim to be a part of this ecos
ystem in order to exchange knowledge and make progress in achieving global mobility that is more sustainable.”
Currently, JAC, Volkswagen and SEAT are building a 4 billion yuan ($579 million) research and development center in Hefei, which is expected to open in 2021.
JAC and SEAT also plan to develop their own platform for smaller electric cars, a segment that is growing faster than the large-sized ones in China.
“The close cooperation between SEAT and JAC will allow us to create synergies, which wil
l significantly increase our market coverage,” said Volkswagen CEO Herbert Diess, who is also chairman of SEAT.