Month: October 2020

Some Chinese automakers show off concept sportscars, amid auto market slump

spike 4 months ago

GAC unveiled its electric sports car prototype on Sept. 26, 2020, at the Beijing auto show.

Evelyn Cheng | CNBC

BEIJING — Some of the flashiest items Chinese companies had on display at the first major auto show since the coronavirus pandemic were concept sports cars.

While vehicle sales for state-owned Guangzhou Automobile Group (GAC) fell 9.87% from a year ago in the first eight months of 2020, following a decline of nearly 4% last year, the company has been developing an electric sports car called “Enpulse.”

The company revealed the glimmering metallic vehicle to media on Saturday at the

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Tokio Marine announces coal policy; climate group unimpressed

spike 4 months ago

However, environmental advocacy group Insure Our Future denounced Tokio Marine’s policy as “weak”, citing the policy’s exceptions and allegedly vague wording in some parts.

Insure Our Future also criticised Tokio Marine’s position, saying the insurer is relying on “unproven technologies” to mitigate climate risks. This referred to a part in Tokio Marine’s announcement where it would promote “measures such as the use of advanced, highly-efficient power generation technologies or carbon capture, utilization and storage (CCUS) technologies.”

Furthermore, Insure Our Future also highlighted the statement’s lack of position on the following points:

  • Insuring coal mines and other elements of the coal
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