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Exclusive | China softens stance on TikTok deal in US as Trump offers 75-day grace period, sources say

Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ByteDance…

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New Business

China’s EV sales stumble off the line in 2025, raising profit concerns for carmakers

Deliveries of pure electric and plug-in hybrid cars across mainland China plummeted 50 per cent to 206,000 units in the…

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New Business

Elon Musk sued by US SEC over delayed Twitter stake disclosure

Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world’s richest person…

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New Business

Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged from 2024

China renewed a trade-in subsidy that spurred electric vehicle (EV) sales last year, keeping the size of the incentive unchanged…

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New Business

BYD overtakes Tesla as world’s largest maker of pure electric cars in fourth quarter

BYD Auto, China’s electric vehicle (EV) king, was the world’s biggest seller of pure electric cars in the fourth quarter…

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New Business

December EV sales of BYD, Nio, Xpeng, Li Auto, Leap, Zeekr soar on China’s buying spree

Half a dozen assemblers in China delivered record numbers of electric vehicles (EVs) to customers last month, as they rode…

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New Business

China mandates 30% EVs in government fleets in boost for carmakers, decarbonisation

Chinese government departments have been told to prioritise electric vehicle (EVs) purchases for official use, as Beijing ramps up efforts…

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New Business

Prices slashed again in China’s EV sector, threatening unprofitable carmakers

China’s electric vehicle (EV) makers reduced prices a month ahead of expectations, as cutthroat competition and overcapacity threaten unprofitable carmakers…

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New Business

China’s CATL to build US$4.3 billion EV battery plant in Spain with Fiat owner Stellantis

China’s Contemporary Amperex Technology (CATL), the largest maker of batteries for electric vehicles (EVs), is building its third plant in…

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New Business

Embattled Chinese EV maker Hozon eyes exports to survive brutal domestic price war

Chinese electric vehicle (EV) start-up Hozon New Energy Automobile, which is reeling from a cutthroat price war on the mainland,…

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