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At the Beijing Motor Show, the Chinese battery giant Catl presented Shenxing Plus, a lithium-iron-phosphate (LFP) car battery with high energy density. “Very sexy”, the translation of the name Shenxing, is capable of guaranteeing over 1,000 km of autonomy (according to the Chinese approval cycle) and super-fast charging. According to the manufacturer, 10 minutes of charging gives you 600 km of autonomy.
The battery features a cathode made with granular gradation technology that places each nanometric particle in the optimal position to achieve high energy density. A 3D honeycomb material is added to the anode, further increasing energy density and more effectively controlling volume expansion during charge and discharge cycles. The casing made from a single piece, which is a novelty for the sector, allows the internal space to be optimized, allowing the cells to reach an energy density never seen before. In fact, the Shenxing Plus exceeds 200 Wh/kg for the first time, reaching 205 Wh/kg.
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Lee Chang-yong “The economic situation has changed”… Reexamining the origin of interest rate cuts
Lee: “The U.S. interest rate cut has been delayed.”
Domestic demand is strong, growth forecast upwards inevitable.”
Expert: “Interest rates will likely fall in the 4th quarter at the earliest.”
There are predictions that the Bank of Korea’s base interest rate cut may be later than originally expected. Bank of Korea Governor Lee Chang-yong expressed his opinion that the timing of the interest rate cut should be reexamined from the beginning.
On the 2nd (local time), Governor Lee met with reporters in Tbilisi, Georgia, where he was visiting to attend the Asian Development Bank (ADB) general meeting, and said, “The standards that can be used as a premise for monetary policy have all changed since the Monetary Policy Committee monetary policy meeting in April. “He said, “I think we will have to reexamine from scratch for two weeks until the May meeting.”
Governor Lee cited the following as grounds for reviewing the monetary policy starting point: △a setback in the United States’ base interest rate cut, △Korea’s economic growth rate in the first quarter of this year (January to March) exceeding expectations, △increased international oil price and exchange rate volatility due to the Middle East crisis, etc. Governor Lee said on this day, “Until April, monetary policy was established on the premise that the United States would begin lowering interest rates in the second half of this year (July to December), but as economic indicators in the U.S. turned out to be good, the timing of the cut was postponed.” .
Experts analyzed that Governor Lee’s remarks today were focused on delaying the Bank of Korea’s base rate cut. This means that in a situation where the base interest rates between Korea and the United States are reversed, it will not be easy for Korea to take a move to further widen the interest rate difference between the two countries by lowering the interest rate before the United States.
Governor Lee mentioned the economic growth rate in the first quarter of this year and said, “The domestic economic indicators came out stronger than expected,” and “it is inevitable to adjust the annual economic growth rate forecast upward.” This can be interpreted to mean that as the economy is recovering sufficiently, it has gained momentum to maintain sufficiently high interest rates until price stability is achieved.
Hwang Se-woon, a researcher at the Korea Capital Market Institute, said, “Considering Governor Lee’s remarks, it appears that the Bank of Korea’s base rate cut will occur in the fourth quarter of this year (October to December) at the earliest.” He added, “There is a possibility that the base rate will not be cut within the year.” “He said.
However, there are concerns that if the base interest rate cut is delayed, the enormous interest burden on ordinary people and self-employed people suffering from household debt will continue. There are also concerns that a decline in consumption due to high interest rates will lead to a domestic economic downturn. On the 2nd, the Korea Development Institute (KDI), a national research institute, analyzed that even if interest rates fall in the second half of this year, domestic demand will only recover if we wait until next year.
As the possibility of a base interest rate cut by the Bank of Korea decreased and the weakening U.S. dollar coincided, the exchange rate fell to the 1,360 won range on this day. On this day, the won-dollar exchange rate in the Seoul foreign exchange market closed at 1362.8 won, down 13.1 won from the previous day.
Reporter Lee Dong-hoon [email protected]
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Lee Chang-yong “The economic situation has changed”… Reexamining the origin of interest rate cuts
Despite the tightening of the blockade, Cuba promotes its tourism development
Cayo Coco, Cuba. Despite the tightening of the economic blockade imposed by the United States on Cuba, the “locomotive of the largest island in the Antilles will continue to move forward,” providing better services and access to its natural and cultural attractions, said Juan Carlos García, Minister of Tourism. of Cuba, at the inauguration of the 42nd International Tourism Fair (FitCuba) 2024, which brings together the main hotel and service leaders in the region.
Gathered at the Gran Marena Cayo Coco Hotel, he assured that Mexico is one of the main sources of tourists for the island, “and we want it to be among the first five places, because not only do we have a cultural affinity, we are not competition, we complement each other. , and what we want is for visitors from origins as far away as China or Turkey, to cite an example, to visit more than one country in our region and get to know our cultural diversity.”
At the event, the Prime Minister of the Republic of Cuba, Manuel Marreno Cruz, emphasized that “it will be a meeting to outline new strategies and joint businesses in a region that is recovering visitors.”
However, he emphasized that Cuba faces this process in unique conditions, “not only because of the economic blockade imposed by ascendant States, but also because it is accompanied by a subversive policy aimed at destroying our revolution, which makes recovery and development difficult.”
He recalled that “we are the only country in the world that is prohibited from visiting as a tourist, in an application of extraterritorial policy, which adds to the 300 thousand electronic visas canceled for European citizens by visit Cuba.”
Despite these difficulties, which include, he stressed, the suspension of all negotiations with an Argentine company that supplied turbofans to the Cubana de Aviación fleet, “we continue to support tourism, because we know that it is the one that can contribute the most to recovery.” of our economy.”
Juan Carlos García indicated that in order to encourage the arrival of more visitors, new attractions will be inaugurated in Jardines del Rey, and starting May 4 there will be an electronic visa to visit the island, which will be more accessible to visitors. , since it can be obtained from any electronic device connected to the Internet.
The meeting, which will conclude on May 5, brought together tourism ministers from various countries, as well as the regional representative of UN Tourism, Gustavo Santos, who trusted that the recovery of the sector in the region will exceed the number of visitors reached in 2019, “this same year, even exceeding goals established before the pandemic.”
He emphasized that although Latin America’s recovery is accelerated, the process has been uneven, although “we believe that there are conditions for the entire region to advance in the sector.”
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– 2024-05-04 05:29:01
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Despite the tightening of the blockade, Cuba promotes its tourism development