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China's BYD cuts sales target, sources say, as white hot growth cools Reuters Events
Hong Kong stocks record biggest drop in a week as Chinese equities stumble South China Morning Post Politics
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Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out Investor's Business Daily Politics
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Fresh seafood and fruits arriving by air in Hong Kong for re-export can now be transferred directly to mainland China for clearance as one of several new measures to help the city remain competitive in a tariff-laden global trade environment, the customs chief has said. Commissioner of Customs and Excise Chan Tsz-tat also told the Post in an exclusive interview that mainland-made electric vehicles (EVs) exported to Hong Kong could now be stored for free at Nansha port in Guangzhou, with the... Events
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers fell to 16.7 per cent last month from an unprecedented 17.4 per cent in June, according to a recent JPMorgan report. “This is... Events
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers fell to 16.7 per cent last month from an unprecedented 17.4 per cent in June, according to a recent JPMorgan report. “This is... Politics
