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Hong Kong-listed insurance stocks weakened in early trading, with China Life (02628.HK) and China Taiping (00966.HK) falling by more than 2%, while New China Life (01336.HK) and Ping An Insurance (02318.HK) followed suit.On January 14th, Tesla (TSLA.O) disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on January 12th local time that its Senior Vice President, Zhu Xiaotong, received 520,021 stock options with an exercise price of $435.8 per share. The award will not fully vest until March 5, 2031.January 14th - According to data from the National Bureau of Statistics, monitoring of market prices for 50 key production materials across nine categories in the national circulation sector shows that in early January 2026 compared to late December 2025, prices for 27 products increased, 20 decreased, and 3 remained unchanged. Among them, lithium iron phosphate (general power type) saw a month-on-month increase of 11.3%.U.S. State Department spokesperson: We welcome the release of the detained U.S. citizen by Venezuela; this is an important step in the right direction for the interim authorities.On January 14th, Zhiwei Intelligent announced on its interactive platform that it has launched a product line of "bore-brain" controllers for embodied intelligence, based on core chip platforms such as Nvidia Jetson, Intel Ultra, and Rockchip. These controllers can be widely used in various application scenarios, including industrial robots, AGV/AMR mobile robots, service robots, and humanoid robots. Currently, the company has already secured customer orders in the field of robot "bore-brain" controllers. Due to strict confidentiality requirements from some customers, the company cannot disclose further details without their permission.

This year, Rolls-Royce will begin testing the UltraFan prototype

Aria Thomas

Jul 18, 2022 10:48

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This year, Rolls-Royce (OTC:RYCEY) will begin testing a prototype of its UltraFan engine, the largest turbofan in the world, which is up to 25 percent more efficient than its first-generation Trent engines.


UltraFan chief engineer Andrew Geer told reporters at Rolls' headquarters in Derby, central England, before the beginning of the Farnborough International Airshow on Monday that the demonstrator's fan had a diameter of 370 cm, the maximum size achievable for widebody aircraft.


He remarked that the technology may be scaled down for other applications, such as the return of the British aerospace industry to the market for narrowbody aircraft.


UltraFan will be "frozen" until testing is complete, with no more investment until Boeing (NYSE:BA) or Airbus launch a new aircraft program, UltraFan CEO Warren East told the Financial Times last year.


Geer noted that UltraFan was not a single engine, but rather a platform for several technologies, and that many of its innovations could be implemented into Rolls' existing programs.


It contains carbon titanium fan blades instead of the hollow titanium blades of prior Trents and a 64 megawatt power gearbox, which is a record.


He claimed that the first test flight will also use 100 percent sustainable aviation fuel from Air BP (NYSE:BP), which is derived from vegetable oils rather than fossil fuels.


Chris Cholerton, president of civil aerospace, remarked, "The suite of technologies we are testing aboard the demonstrator will introduce new capabilities for future propulsion systems and provide opportunities to enhance our current fleet."


In addition to improving the performance of gas turbines, Rolls is also exploring hydrogen and hybrid electric technologies to power commuter and regional aircraft.


Beginning in the middle of the 2030s, the company intends to perform rig and engine tests to demonstrate that hydrogen can safely and effectively power small to medium-sized aircraft.


Liquid hydrogen will be utilized to power an AE2100 engine for the first time this year, according to the business, and a test of a Pearl 15 engine will follow at an unspecified date.

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