Advertisement
Advertisement
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.
Advertisement
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.
Only those that can sustain operations without external funding will stay in the race amid overcapacity and tariff woes, analysts say.
BYD’s total deliveries have exceeded perennial leader Volkswagen’s volume this year through October.
New entrants are eyeing the riches in China’s EV market at great peril amid excess capacity and a cutthroat price war.
Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.
Chinese EV makers have delivered 9.75 million units to mainland buyers between January and October, a year-on-year jump of 34 per cent.
After officials warned against investments in EU countries that favoured recent tariffs, EV makers may need to rethink their strategies.
Chinese EV makers are pushing sales in export markets amid stiff competition, sluggish economy at home.
‘Agricultural products are an important part of bilateral trade between China and the US,’ AmCham Shanghai says.
Lifestyle-product retailers are investing in new stores in China, as richer consumers continue to splurge on quality imports.
Low-altitude economy refers to businesses operating aerial vehicles below 3,000 metres.
China EV makers believe their advantages in production and price will make their products competitive abroad.
Chief executive wraps up three-day visit to mainland China for world-leading expo, with deals signed to bring more companies to city.
At the China International Import Expo (CIIE), Li highlights the importance of opening up its market to trading partners.
New venture suggests Chinese players are unperturbed by stiffer tariffs in their quest for global market share.
Pavilia Forest II recorded only one sale as of 5pm on Saturday, while Double Coast I found buyers for 20 units out of 58 flats on offer.
While China’s September stimulus blitz has restored US$4 trillion of value to stock markets, the wealth effect in the property sector is less obvious and immediate.
New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.
Xpeng, Leapmotor and Zeekr chart double-digit growth, even as the effect EU tariffs will have on export plans looms.
The two denials followed Monday’s statement by the Ministry of Commerce that a state-backed guild was solely authorised to engage with the EU in tariff talks.
Ministry of Commerce warned carmakers about the risks of setting up factories in countries like France and Italy.
The collective wealth of China’s wealthiest people slumped 10 per cent from a year earlier to US$2.97 trillion.
Thanks to an advanced supply chain, companies with no history making cars are challenging for supremacy in China’s EV market.
