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Deliveries of electric and plug-in hybrid cars on the mainland fell 50 per cent month on month to 206,000 units in the first 12 days of the year.
Prices across 70 major cities fell in December by the smallest percentage in 18 months, and prices in the four biggest metropolises rose.
Company is stepping up efforts in Southeast Asia, the Middle East, Europe, Japan and South Korea, CEO Tony Han says.
UBS says institutional investors like insurance companies are drawn to stocks as Chinese bond yields have fallen rapidly.
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Landlords are willing to reduce prices while high-net-worth individuals pursue safe returns amid deflationary pressure.
NDRC says buyers of electric cars for replacement purposes would receive US$2,728 this year.
Both stocks tumbled in Hong Kong and Shenzhen trading, erasing US$38 billion in market value following the US move.
Industry embarks on a new round of price competition that is likely to edge out more underachieving players in 2025.
Homeowners still had to offer discounts to get deals done, as analysts warn the uptick may be short-lived amid a bearish economic outlook.
Despite a 4.7 per cent rise in nationwide car sales, some 4,000 dealerships have closed due to a financial squeeze.
In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.
BYD, Nio, Xpeng, Li Auto, Stellantis-backed Leapmotor and Geely’s Zeekr all delivered record numbers of EVs last month.
The finance ministry circular on EV purchases was preceded by a similar notice from a central government procurement agency in October.
An anticipated sales decline after a subsidy expires is expected to exacerbate the financial squeeze that is throttling smaller players.
Retailers fret about weak sales while ‘greedy’ consumers hold out for bigger subsidies from Beijing next year.
China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.
The launch is an advancement in Nio’s drive into international markets.
Market for car parts and software is likely to grow at an annualised pace of 28.8 per cent between 2026 and 2030.
In an interview with the Post, Geely CEO Gui Shengyue discusses the company’s overseas strategy and EU tariffs.
Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.
‘As a carmaker, you will lose a profit growth engine if you do not make petrol cars,’ CEO Gui Shengyue says in interview.
The ET9, which Nio expects to start delivering in March, is priced at 800,000 yuan (US$110,080) in presale.
Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.
Joint venture received support from the Spanish government, which abstained in the EU’s October vote to impose extra tariffs on Chinese-made EVs.
Report predicts a single-digit percentage rise in the value of consumer spending next year, as volume rises while price pressures continue.
Change follows complaints that able-bodied guests were renting powered wheelchairs to bypass queues and speed through the park.
The Shanghai-based EV maker aims to sell 50 per cent of its cars overseas by 2026 and turn a profit the same year, founder Fang Yunzhou says.
Producer of sensors for self-driving cars is assessing investment plans as it envisions ‘footprints across the globe’, CFO says.
VW sells assets to address political risks and cut excess capacity, while extending its partnership with SAIC to regain market share in China.
A recent month-long arts festival drew 20,000 visitors from abroad, according to organisers, boosting officials’ confidence in the strategy.
