Topic

China manufacturingi

China is the world’s largest manufacturer in terms of output and gained a reputation as the “world’s factory” shortly after its accession to the World Trade Organisation (WTO) in 2001. Lured by cheap labour, China’s new commitment to opening up its economy, and low tariff access to Western markets, all due to its WTO entry, foreign firms and investors rushed to do business in the world’s most populous country in the new millennium. Aided by state investment, China has since become a world leader in the manufacture of steel, car parts, chemical fertilisers, technology, robotics.

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  • ‘When Chinese carmakers land in those markets in droves, price competition becomes inevitable, which eventually hurts their own interests,’ says industry player
  • In Southeast Asia, Chinese EV builders are offering discounts in a bid to take on Japanese rivals whose petrol cars dominate
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Nvidia’s H20 chip is being sold in some cases at more than a 10 per cent discount in China, compared to Huawei’s Ascend 910B, sources said.

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SMIC accounted for 6 per cent of global chip foundry sales in the first quarter, behind industry leader TSMC’s 62 per cent share and Samsung’s 13 per cent share.

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The risk of cross-Strait conflict with mainland China appears to be chipping away at Taiwan’s long-held dominance in the semiconductor industry, underpinning a sense of urgency in diversifying hi-tech supply chains.

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Qatar is emerging as a potential destination for Chinese businesses and investment looking to find a way into the Middle East or Africa, with more companies showing interest in setting up a foothold in the Persian Gulf.

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The tsunami of new-energy manufacturing flooding the industry is not the first time a wave of Chinese goods has forced institutional upheavals and left foreign firms with little room to compete.

Tesla’s closest rival in China’s EV market reported a major setback in the first quarter, after earnings and deliveries slumped from the preceding three months. Margins eroded amid price discounting.

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China’s leading EV makers are taking longer to settle payments with suppliers, indicating stress in the industry because of slowing sales and mounting discounts.

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Gotion’s G-Current lithium-ion-phosphate battery offers a driving range of nearly 500km in under 10 minutes of charging. Deliveries are expected to start in 20025 when a new plant is ready.

Licensing of Xpeng’s technologies will allow the EV maker to further its research and development efforts and maintain its technological edge, vice-chairman and president Brian Gu says.

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State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.

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German industrial engineering firms reported a negative outlook for their China business in a recent survey, with weak demand and overcapacity most frequently mentioned as the cause for their low confidence.

China’s property investment fall accelerated in the first four months of the year, while retail sales growth slowed in April, data released on Friday showed.

France is Xpeng’s tenth European market and comes after launches in Spain and Portugal last month. It will market the G9 and G6 SUVs and will also set up a sales and service network with local distributors.

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Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.

A new book on China’s tech regulations and economic governance assesses the impact of perceived overreaching in the market, with far-reaching effects flagged by professor Angela Zhang.

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Nio has launched a new electric vehicle brand – Onvo – targeted at China’s cost-conscious middle-income consumers amid fierce competition in the world’s largest EV market.

Chinese smartphone maker Xiaomi has become the country’s eighth-largest EV upstart after selling more than 7,000 units of its SU7 sedan in April, according to industry data.

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A carbon trading system that promotes tighter supply and higher prices can induce China’s cement makers to undertake costly investment, Ian Riley of World Cement Association says.

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Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?

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