Business news from Ukraine

Business news from Ukraine

Kazakhstan and China Launch Pilot Project on Settlements in Digital National Currencies

Financial regulators in Kazakhstan and China have reached an agreement to launch a pilot project on settlements in the digital tenge and digital yuan, the press service of the National Bank of Kazakhstan reported following a visit by its delegation to China.

“An important step was the agreement reached between the National Bank and the People’s Bank of China to launch a pilot project for settlements in digital tenge and digital yuan,” the statement said.

“We have agreed to integrate the digital tenge and the digital yuan in two complementary ways: through the mBridge multilateral platform (an international multi-currency platform for real-time cross-border payments and transfers using blockchain technology) and through direct bilateral integration via CBETS (Cross-Border e-CNY Transfer Services, the digital yuan platform for cross-border settlements),” explained Binur Zhalenov, Deputy Chairman of the National Bank of Kazakhstan, who participated in the negotiations, on his social media page.

During negotiations with Cross-Border Interbank Payment System (CIPS), the parties discussed further practical steps to implement the memorandum of understanding between the National Bank, the National Payment Corporation, and CIPS, as well as prospects for expanding the use of cross-border payment infrastructure, developing settlements in national currencies, and strengthening cooperation in the field of international payments.

As part of the implementation of the memorandum between the National Payment Corporation of Kazakhstan and UnionPay International (UPI)—the global division of China UnionPay responsible for the international development of UnionPay products and services—the integration of QR payments between the two countries will be completed by the end of the year, according to the National Bank of Kazakhstan.

The central banks also signed a new three-year currency swap agreement, with the option to extend it by mutual agreement of the parties.
During meetings with the China Banking Association and the leadership of China’s largest commercial banks, discussions focused on their participation in financing investment projects in Kazakhstan and issuing debt instruments.

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Global production of humanoid robots is concentrated in China

According to Experts.news, global production of humanoid robots has moved from isolated prototypes to the first mass-produced batches; however, the industry remains highly concentrated: Chinese companies accounted for about 85% of shipments in 2025.

According to estimates by the Chinese research center CCID, in 2025, Chinese manufacturers shipped approximately 14,400 humanoid robots, accounting for 84.7% of the global market. Thus, the global total was approximately 17,000 units. Other studies estimate global shipments at approximately 18,000 units.

According to IDC, the number of humanoid robots shipped worldwide in 2025 increased more than sixfold—by approximately 508%. However, statistics from various research organizations differ significantly, as some count only bipedal robots, while others also include wheeled humanoid platforms and general-purpose robots with artificial intelligence.

China remains the only country where humanoid robots are already being produced by the thousands by several manufacturers simultaneously. There are over 140 companies in the country working on humanoid robots, and the number of models available exceeds 330. AGIBOT, Unitree, and UBTECH have become the largest manufacturers.

TrendForce expects Chinese production of humanoid robots to grow by another 94% in 2026. Unitree and AGIBOT are expected to maintain their leading positions thanks to their well-developed supply chains, access to low-cost actuators, batteries, and sensors, and their capacity for mass assembly.

China’s advantage lies not only in artificial intelligence but also in its ability to rapidly reduce the cost of hardware. Some of Unitree’s entry-level models are already priced below $6,000, while most American and European systems are geared toward more expensive industrial pilot projects.

The U.S. lags significantly behind China in terms of the actual number of robots produced, but it has the largest announced manufacturing projects outside of China.

Figure has launched BotQ, a facility whose first production line is designed to produce up to 12,000 humanoid robots per year. In April 2026, the company announced its transition from prototypes to the production phase and that it had reached an assembly rate of one robot per hour.

Agility Robotics operates the RoboFab plant in Oregon with a potential capacity of over 10,000 Digit robots per year. Actual output is currently significantly lower than the stated maximum capacity.

The U.S.-Norwegian company 1X has begun full-scale production of its NEO home robot at a factory in California. Tesla is setting up its first production lines for Optimus but has not yet disclosed confirmed data regarding mass production.

South Korea’s Hyundai Motor Group plans to build a facility in the U.S. with a capacity of up to 30,000 robots per year by 2028. The facility is expected to produce, among other things, the Atlas humanoid robots developed by Boston Dynamics. The first Atlas robots are scheduled to arrive at Hyundai’s U.S. facilities in 2028.

One of the most advanced European projects is Germany’s NEURA Robotics, which has developed the 4NE1 humanoid robot.

The company calls it the first European humanoid robot ready for industrial production. NEURA is collaborating with Bosch and Schaeffler, planning to scale up production of robots for industry, logistics, and service tasks.

In 2026, NEURA announced that it had raised up to $1.4 billion to expand mass production and develop a network of centers where robots will be trained to perform real-world tasks.

In Serbia, AGIBOT and Minth Group are preparing to launch a facility in Šabac. The initial production volume is stated at 1,000–2,000 humanoid robots per year. The facility is expected to open in August 2026, although the timeline has already been revised several times. Therefore, Serbia should for now be classified among countries with announced but not yet confirmed mass production.

If the project is implemented, Serbia could become one of the first countries in Europe where Chinese humanoid robots will be mass-produced and adapted for regional markets.

Japan has many years of experience in developing humanoid robots, but so far has focused primarily on research, components, medicine, and elder care. Kawasaki continues to develop the Kaleido platform but has not announced mass production on a scale comparable to that of Chinese companies. TrendForce believes that Japan’s competitive advantage could lie in actuators, sensors, control systems, and solutions for elderly care.

In South Korea, Samsung has acquired control of Rainbow Robotics and intends to integrate its robotics developments with its own artificial intelligence and software technologies. Hyundai is simultaneously developing Atlas through its subsidiary Boston Dynamics, though the group plans to build a large factory in the U.S.

There is no comprehensive international registry of humanoid robot production. Companies disclose the potential capacity of their factories much more frequently than actual production volumes, and the term “humanoid robot” is applied to various types of devices.

The only reliably confirmed fact is China’s leadership, with a share of approximately 85% of global shipments in 2025. The remaining roughly 15% is accounted for primarily by the U.S. and small batches, prototypes, and pilot series from Europe, Japan, and South Korea.

In 2026–2028, the distribution may change following the launch of plants by Figure, Agility Robotics, Tesla, Hyundai, NEURA, and the Serbian AGIBOT project. However, for now, China retains a significant advantage in terms of actual production volume, component costs, and supply chain readiness.

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China to Raise Tax on Lithium-Ion Batteries and Solar Cells

China will gradually introduce a consumption tax on lithium and lithium-ion batteries, as well as solar cells, which have been exempt from taxation since 2015, according to the Xinhua News Agency.

Mercury-free, nickel-metal hydride, lithium, and lithium-ion batteries, as well as vanadium flow batteries, will be taxed at a rate of 2% starting September 1, 2026. Starting in September 2027, the rate will increase to 4%.

For photovoltaic, or solar, cells, a 2% tax will take effect on April 1, 2027, and will also be raised to 4% starting in April 2028.

The new rules were announced by China’s Ministry of Finance, the General Administration of Customs, and the State Taxation Administration.

The introduction of the tax could increase the production costs of batteries and solar cells in China. If manufacturers pass on the additional costs entirely to buyers, selling prices could rise by approximately 2% in the initial phase and up to 4% once the rate is fully implemented.

However, the actual price increase will depend on competition, corporate profitability, and contracts with buyers. Chinese manufacturers may absorb part of the costs themselves to avoid losing market share in both domestic and foreign markets.

The changes will potentially affect the cost of electric vehicles, energy storage systems, and solar power plants, as batteries and photovoltaic modules are among the key components of such projects. At the same time, due to the high proportion of other costs, the price of a finished electric vehicle or solar power plant will not necessarily increase by the full 4%.

Some promising technologies will remain temporarily exempt from the tax until December 2028. These include sodium-ion and solid-state batteries, fuel cells, as well as perovskite, tandem, and gallium arsenide solar cells.

China currently levies a 4% consumption tax on most battery products. At the same time, lithium and lithium-ion batteries, as well as solar and fuel cells, have been exempt since 2015.

This policy has facilitated rapid expansion of production capacity and helped Chinese companies become global leaders. However, the excess supply has simultaneously intensified price competition and reduced profitability for some manufacturers.

Analysts at Citic Securities estimate that the tax changes could generate an additional 45 billion yuan, or about $6.6 billion, in revenue for the Chinese government.

Following the announcement of the new rules, shares of solar cell manufacturer Longi Green Energy Technology rose 2.1%, JinkoSolar’s rose 4%, and those of CATL, the world’s largest battery manufacturer, rose 4.6%.

 

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Germany Became Largest Supplier of Beer to China in First Half of Year

The largest suppliers of beer to China in the first half of 2026 were Germany ($53.2 million), the Netherlands ($45.8 million), and Spain ($41.5 million), according to data from the General Administration of Customs (GAC) of the People’s Republic of China.

From January through June, China imported beer from 54 countries, while exporting its own beer to more than 100 countries worldwide.

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Tractor Imports to Ukraine Rose by 3.2% in First Half of Year

The volume of tractor imports to Ukraine in January–June 2026 totaled $434.7 million, up 3.2% from the same period in 2025 ($421 million), according to statistics from the State Customs Service.

According to the published statistics, tractor imports in June rose by 14.4% compared to June of last year and by 11% compared to May of this year, reaching $72.7 million.

From January through June 2026, tractors were imported primarily from Germany (19.4%, or $84.3 million), China (19.16%, or $83.3 million), and the United States (nearly 18.4%, or $79.9 million), whereas last year the United States was the leader ($79.71 million), China was second ($73.8 million), and Germany ranked third ($73.1 million).

According to statistics from the State Customs Service, tractor exports totaled $4.93 million in the first half of the year, mostly to Belgium (25.3%), while last year’s exports amounted to $2.93 million, with the majority of shipments going to Romania (38%).

As previously reported, tractor imports into Ukraine in 2025 totaled $845.7 million, a 7.9% increase over the 2024 figure; the main suppliers were the United States ($179.7 million), Germany ($145 million), and China ($142.8 million).

Exports totaled $6.6 million, compared to $5.4 million in 2024, with the majority going to Romania, Belgium, and Germany.

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Bauxite imports into Ukraine fell by 47% in first half of year

In January–June of this year, Ukraine reduced its imports of aluminum ores and concentrates (bauxite) by 47.1% in volume terms compared to the same period last year—down to 7,198 thousand metric tons from 13,606 thousand metric tons.

According to statistics released by the State Customs Service (SCS), bauxite imports in monetary terms decreased to $1.402 million from $1.569 million in January–June 2026.

Imports came from China (65.62% of shipments in monetary terms) and Turkey (34.38%).

In addition, Ukraine shipped 45 metric tons of bauxite worth $10,000 to Poland in May, while Ukraine did not re-export any bauxite in 2025.

As previously reported, in 2025, Ukraine increased its imports of aluminum ores and concentrates by 23.7% in volume compared to the previous year—to 43.5 thousand metric tons—and by 15.8% in value, to $4.754 million. These imports came primarily from Turkey (81.84% of shipments in monetary terms), China (15.97%), and Guyana (2.19%).

Ukraine did not re-export bauxite in 2025, just as it did not in 2024 and 2023.

In 2024, Ukraine increased its imports of bauxite by 77.4% in volume terms compared to 2023—to 35,173 thousand metric tons—and by 74% in value terms—to $4.107 million. Imports came primarily from Turkey (78.48% of shipments in monetary terms), China (19.48%), and Spain (1.9%).

Bauxite is an aluminum ore used as a raw material for producing alumina, which is then used to produce aluminum. They are also used as fluxes in ferrous metallurgy.

Bauxite is imported into Ukraine, in particular, by the Mykolaiv Alumina Plant (MGP), which is currently idle.

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