Hu Yumo

Business Reporter

BMW's China X2 production to begin this year

The company plans further expansion in the world's second -largest car market, which accounted for a quarter of its global sales last year.

Beijing electric, Canada's Magna in NEV deal

The joint venture will provide a range of engineering services and aims to launch its own EVs by 2020.

Annual auto sales fall for first time since 1990s

Sales fell to 20.1 million last year and competition is seen fierce this year. The Sino-US trade war is not helping, the industry's top association says.

Carmakers gloomy on 2019 outlook

Chinese automakers are forecasting conservative sales targets for 2019 in a challenging market, investment bank UBS said on Tuesday.

Building Tesla plant in Shanghai on Musk do list

Tesla broke ground on its Shanghai factory, becoming the first company to benefit from a new policy that allows foreign carmakers to set up wholly owned subsidiaries in China.

New-energy vehicle sales highlight for SAIC Motor in 2018

China's largest automaker, SAIC Motor Co, sold 7.05 million vehicles in 2018, up 1.75 percent year on year, according to data released by the company on Friday.

Cooperation in delta will spur growth

Shanghai aims to further enhance cooperation with Jiangsu, Zhejiang and Anhui provinces in key areas including e-commerce, agricultural products, logistics and exhibitions.

Car recalls crash after airbag issue fixed

The number of recalls fell more than 40 per cent last year over 2017.

Shanghai shares up on last trading day of year, but annual index down

Shanghai shares closed up on the last trading day of 2018, but the benchmark index ended 24.6 percent lower in the year of 2018 – its biggest annual drop since 2008.

Telecoms lead market slide

Investors locked in profits in shares related to the new 5G mobile network ahead of New Year holidays.