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Alibaba to spin off its Banma autonomous driving business via an IPO on Hong Kong exchange

Alibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China’s largest technology behemoths moves…

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Leapmotor, Xpeng report record July sales as their cheaper EVs appeal to Chinese consumers

Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive…

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Volkswagen, GM, Nissan adopt Chinese technology as they strive to win back EV market share

Foreign carmakers from Volkswagen to General Motors (GM) and Nissan are fighting back in mainland China as they unveiled new…

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No-shows at Shanghai car expo reflect brutal competition in mainland market

At least 15 companies did not show up at this year’s Shanghai Auto Show, adding to evidence that cutthroat competition…

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German companies in China count the cost of rising Sino-US trade tensions

German companies in China are being affected by rising trade tensions between Washington and Beijing, a survey by the German…

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CATL gets CSRC nod for US$5 billion listing, in what may be Hong Kong’s biggest IPO in 4 years

The China Securities Regulatory Commission (CSRC) approved CATL’s plan to sell up to 220.17 million shares in the city, the…

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Volkswagen to launch 11 new models in China as it targets 4 million units by 2030

Volkswagen and its long-standing partner FAW Group will launch 11 new models exclusively for the Chinese market as it seeks…

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Future of Made-in-China: UBTech Robotics deploys first humanoid ‘team’ in car factory

A Shenzhen-based humanoid robot maker said it has deployed “dozens of robots” in an electric vehicle (EV) factory where they…

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Panda vs samurai: China’s panda-bond market size tops Japan’s amid yuan internationalisation

China’s so-called panda bonds – yuan-denominated debt securities issued by offshore companies operating on the mainland – have exceeded Japan’s…

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China trade team visits Germany to discuss cars after election and tariff spats, threats

A Chinese trade group headed to Germany on Monday to discuss cooperation in the automotive space, where both sides have…

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