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New Business

Chinese tycoon Li Shufu’s Geely Auto posts first-half profit decline, but beats estimates

Profit for the January to June period came in at 9.3 billion yuan (US$1.3 billion) versus 10.8 billion yuan a…

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New Business

Chinese EV makers’ July sales dip 5% as narrower discounts cool vehicle buyers’ ardour

Electric vehicle (EV) sales in mainland China hit a speed bump last month, sparking worries about the industry’s growth momentum…

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New Business

Tesla’s sales decline in China reaches 8th straight month as local rivals close in

Deliveries from Tesla’s Shanghai factory have fallen for eight straight months as its Chinese rivals amp up the pressure, prompting…

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