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Some two dozen carmakers, including BYD and Leapmotor, have unveiled plans to equip their models with AI developed by DeepSeek.
New York-listed Zeekr, which finalised a merger with Lynk on Friday, will reveal its L3 self-driving system in April.
Market watchdog and exchange are studying the issue and will propose changes this year, treasury chief Christopher Hui says.
Overseas business made up 31 per cent of CATL’s total sales in the first nine months of 2024, versus 32.7 per cent in 2023, according to exchange filings.
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At US$5 billion, the speculated jumbo deal by the world’s largest EV battery maker would be the biggest since Kuaishou’s IPO in January 2021.
At least 21 EV models will be fitted with the system, bringing down the entry cost for EVs with autonomous driving capabilities.
Company combining Dongfeng and Changan could allocate resources to the most competitive products and technologies, analyst says.
Middle-income consumers in China are becoming increasingly budget-conscious.
The company plans to add up to 1,800 new stores in 2025, maintaining a pace set last year to tap potential in lower-tier cities.
The Japanese carmaker plans to tap the local supply chain, logistics network and talent pool to produce Lexus-branded EVs from 2027.
Tesla and Xpeng are offering rebates on car insurance and loans in February in response to BYD’s price cut in December.
Investors are likely to tread lightly as trading commences in the Year of the Snake, as they await the outcome of Trump-Xi talks.
Even models priced below 100,000 yuan (US$13,914) will have basic autonomous-driving features, according an industry body.
Sales of consumer goods such as smartphones and tablets soar, but long-term retail momentum remains uncertain.
The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.
Some 30,000 flats from 270 projects are due to be launched this year, while developers are sitting on an inventory of 54,000 units.
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.
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.
