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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

China recalls cars from Tesla, Trumpchi as safety issues emerge

China has issued a recall for 77,650 domestically produced Tesla electric vehicles as well as more than 88,000 vehicles from…

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Chinese firms seek European base for factories amid trade tensions, tariffs

Chinese companies are increasingly looking to set up factories in central and eastern Europe to circumvent tariffs and business disruption…

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China to remain top car exporter in 2025 despite slower growth on EU’s EV tariffs

China’s car exports are likely to hit a speed bump in 2025 as leading electric vehicle (EV) players absorb additional…

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Chinese EV maker Nio takes aim at foreign luxury marques BMW, Audi with new sedan

International car brands, already experiencing a sharp sales decline, have one more thing to worry about as Chinese electric vehicle…

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Confidence of German businesses in China hits record low, survey finds

The confidence of German businesses operating in China has plummeted to a historic low, according to the results of a…

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‘Race to the bottom’: General Motors grapples with huge losses, uncertain future in China

General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom”. For GM, it’s…

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New Business

Volkswagen’s controversial Xinjiang plant sale signals strategic shift in China

Volkswagen’s (VW) sale of a controversial plant in China will come as a relief to the German carmaker, as it…

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New Business

UBS says foreign carmakers are at risk of losing up to US$20 billion a year in China

Foreign carmakers are at risk of losing up to US$20 billion in profit annually in China, amid intensified competition with…

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New Business

Xpeng aims to assemble EVs in Europe to blunt impact of import tariffs, CEO says

Xpeng is looking for a manufacturing site in Europe, making it the latest Chinese electric-vehicle maker seeking to mitigate the…

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