Auto

BYD reports surging net profits in 2022, up 445.86% on year - China Auto News
Auto

BYD reports surging net profits in 2022, up 445.86% on year

Its net profits stood at 16.62 billion yuan (US$2.4 billion), up 445.86 percent year on year, according to the company's annual report.
Chinese-branded passenger car sales surge 37.3 pct in February - China Auto News
Auto

Chinese-branded passenger car sales surge 37.3 pct in February

Chinese-branded passenger car manufacturers got off to a good start this year, occupying a higher market share, the latest industry data showed.
Vitesco electrifies China market with investments, big plans - China Auto News
Auto

Vitesco electrifies China market with investments, big plans

Vitesco Technologies has invested over 500 million euros (US$544.20 million) in the Chinese market purely for electrification, including setting up a new R&D center in Tianjin.
SAIC Motors starts first self-operated shipping route from Ningde to Mexico - China Auto News
Auto

SAIC Motors starts first self-operated shipping route from Ningde to Mexico

Taking advantage of China's Belt and Road Initiative, Chinese auto manufacturer SAIC Motors has begun its first self-operated shipping route, exporting 1,000 cars to Mexico.
Musk, China's BYD deny report on Tesla ending battery supply cooperation - China Auto News
Auto

Musk, China's BYD deny report on Tesla ending battery supply cooperation

"That media report is false. Relations between Tesla and BYD are positive," Musk said in a tweet on Tuesday.
China's NEVs sales surge in February to 439,000 units - China Auto News
Auto

China's NEVs sales surge in February to 439,000 units

Sales of new energy vehicles (NEVs) in China surged in February this year amid the country's efforts to promote automobile consumption, data from an industry association showed.
U Power's chassis-by-wire to slash customization costs of EVs - China Auto News
Auto

U Power's chassis-by-wire to slash customization costs of EVs

Shanghai startup U Power has launched China's first mass-producible skateboard chassis-by-wire for smart EVs.
Tesla to build new plant in Mexico worth over US$5b - China Auto News
Auto

Tesla to build new plant in Mexico worth over US$5b

One Mexican official said the plant would be a Tesla "gigafactory" that could produce the Semi truck, Roadster sports car, and potentially other vehicles.
Toyota's global car sales retreat for 2nd month in January - China Auto News
Auto

Toyota's global car sales retreat for 2nd month in January

The Aichi Prefecture-based automaker said its sales in the reporting period totaled 709,870 units, with the drop, in part, attributed to an ongoing semiconductor crunch.
Tesla to open US charging network to rivals in US$7.5b federal program - China Auto News
Auto

Tesla to open US charging network to rivals in US$7.5b federal program

By late 2024, Tesla would open 3,500 new and existing Superchargers along highway corridors to non-Tesla customers.
Shanghai kicks off 2023 Spring Consumption Season China's non-financial outbound direct investment surges in Jan-Feb CIIE venue hosts two exhibitions as trade shows back with a bang China's home price uptick points to stabilizing property sector Alibaba says will split into 6 groups, separate IPOs expected Shanghai firms speed up globalization with new brands, digital services Baidu cancels Ernie Bot's livestreamed product launch China's home prices up in February in major cities Amazon opens e-commerce training center in east China Super Brand Mall leads way with green certificate SVB loans, deposits sold to First Citizens Bank Asia's GDP expected to grow 4.5% in 2023: report New York-based Flagstar Bank acquires partial assets of Signature Bridge Bank Chinese premier calls for global efforts on economic risks, challenges Projects fuel development of Anhui Province Chinese phone brands eye high-end market with photography and AI features Disney to begin 7,000 job layoffs this week China pilots privately offered funds in property sector Shanghai set to construct leading computing network McDonald's promotes sustainable regenerative agriculture China's home prices slightly up in January Science and innovation entrepreneurs join competition HK financial regulators welcome UBS' acquisition of Credit Suisse China extends, improves tax relief policies for businesses Cooperation opportunities abound as top execs visit China again UBS to buy Credit Suisse: Swiss government Xi'an showcases tourism in Shanghai, along with potential tourism investment Tencent reports rising revenues, net profits in Q4 of 2022 Amway to invest 600m yuan in its Guangzhou base over 5 years China's home prices continue to ease in December 2022 Toshiba says it will 'support' US$15 bn takeover bid STAR-listed Kingsoft Office posts profit growth, incorporating AI functions China to promote steady recovery of property sector: senior official Shangyu bets on high-quality growth of manufacturing and expects Shanghai a part of it Put Shanghai's population in the picture UBS seeks US$6b in govt guarantees for Credit Suisse takeover: source The city kicks off Shanghai Format to boost industrial digital development Idea of ESG catching on with enterprises Consumers experience voice command functions in cars prompting improvements Google launches ChatGPT rival in US and UK Epson launches green, digitalized strategies in China China allows cities to set lower limit on first-home mortgage rates
Top