5 h. ago China's BYD cuts sales target, sources say, as white hot growth cools

China's BYD cuts sales target, sources say, as white hot growth cools  Reuters

Events

51 h. ago BYD Sales Stumble as China’s Electric Car Upstarts Gain Ground

BYD Sales Stumble as China’s Electric Car Upstarts Gain Ground  Bloomberg.com

Economics

66 h. ago EV Sales Stay Strong in China. Why Profitability Is a Worry For Tesla, BYD, NIO, Others.

EV Sales Stay Strong in China. Why Profitability Is a Worry For Tesla, BYD, NIO, Others.  Barron's

Economics

66 h. ago As US sanctions take toll, Xi Jinping presses SCO to target ‘bullying’

China has urged member states of the Shanghai Cooperation Organisation (SCO) to strengthen their collective financial security and voice in the world as pressure mounts from the United States and its allies. Without naming any country, President Xi Jinping told the SCO state leaders – many of them facing blanket sanctions and punitive tariffs from the US – that the organisation needed to speed up and achieve “real results” to better protect themselves from “hegemonic” bullying. To that end, Xi...

Events

68 h. ago Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out

Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out  Investor's Business Daily

Politics

69 h. ago BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings.

BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings.  Barron's

Events

3 d. ago BYD’s shares sharply lower after China EV maker’s earnings miss

BYD’s shares sharply lower after China EV maker’s earnings miss  MarketWatch

Politics

3 d. ago Tesla Rival XPeng, Xiaomi Report Strong China EV Sales; Nio, Li, BYD On Tap

Tesla Rival XPeng, Xiaomi Report Strong China EV Sales; Nio, Li, BYD On Tap  Investor's Business Daily

Politics

3 d. ago Tesla Rival XPeng Reports Record China EV Sales, Xiaomi, Nio, Li, BYD On Tap

Tesla Rival XPeng Reports Record China EV Sales, Xiaomi, Nio, Li, BYD On Tap  Investor's Business Daily

Politics

5 d. ago BYD profits fall as mainland price war swamps EV export surge

China’s electric-vehicle (EV) king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market. The Shenzhen-based company earned 6.4 billion yuan (US$894.6 million) in the three months to June, down 29.9 per cent from a year earlier. Revenue grew 14 per cent year on year to 201 billion yuan. The second-quarter numbers are derived by comparing BYD’s interim earnings to its results for...

Economics

8 d. ago China races to embed AI use across major industries with ambitious 2030 target

In its latest road map for artificial intelligence, China has set targets for the adoption of AI-powered devices across various industries – aiming for over 70 per cent by 2027 and over 90 per cent by 2030. The targets, unveiled in guidelines by the State Council, China’s cabinet, on Tuesday, are part of Beijing’s “AI Plus” strategy, which seeks to integrate the cutting-edge technology across manufacturing, agriculture and services. “[The strategy aims to] boost productivity, reshape how...

Events

1 week ago In China’s crippling price wars, an updated law seeks ‘sustainable equilibrium’

It has been a tumultuous couple of months for Alex Xu’s company – a solar panel manufacturer based in eastern China’s Zhejiang province – as product prices have surged by about 20 per cent. Long plagued by severe oversupply, China’s photovoltaic industry is grappling with cutthroat price wars and even loss-making sales. From Xu’s perspective, nearly half of the industry’s capacity is excessive. But a rebound in prices has followed recent calls from Chinese authorities to combat “involution”, or...

Events

1 week ago China scrambles to fix price wars – by updating a law from 1998. Here’s why

It has been a tumultuous couple of months for Alex Xu’s company – a solar panel manufacturer based in eastern China’s Zhejiang province – as product prices have surged by about 20 per cent. Long plagued by severe oversupply, China’s photovoltaic industry is grappling with cutthroat price wars and even loss-making sales. From Xu’s perspective, nearly half of the industry’s capacity is excessive. But a rebound in prices has followed recent calls from Chinese authorities to combat “involution”, or...

Events

2 w. ago JD.com quarterly sales beat expectations but food delivery foray slices profit

JD.com’s revenue grew a faster-than-anticipated 22 per cent in the June quarter, benefiting from government-directed consumer subsidies as well as an aggressive drive into new arenas such as food delivery. The Nasdaq-listed shares of China’s top online retailer by revenue rose about 1 per cent in pre-market US trading. The Beijing-based company reported sales of 356.7 billion yuan (US$49.7 billion) for the quarter ended June 30, about 6 per cent above projections. Net income halved to 6.2...

Society

3 w. ago Trump's deal to take a cut of Nvidia's chip sales in China could open national security 'up for bidding'

Trump's deal to take a cut of Nvidia's chip sales in China could open national security 'up for bidding'  Quartz

Politics

3 w. ago Under new, unusual agreement, U.S. will get a 15% cut of Nvidia and AMD chip sales to China

Under new, unusual agreement, U.S. will get a 15% cut of Nvidia and AMD chip sales to China  PBS

Politics

3 w. ago US to Take Cut of AI Chip Sales to China. Security Risk or Easy Money?

US to Take Cut of AI Chip Sales to China. Security Risk or Easy Money?  Newsweek

Events

3 w. ago US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement

US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement  AP News

Politics

3 w. ago Nvidia and AMD will give a 15% cut to the government for chip sales in China

Nvidia and AMD will give a 15% cut to the government for chip sales in China  Quartz

Politics

3 w. ago Nvidia And AMD Slip In Premarket As Reports Say U.S. Will Take 15% Cut Of China AI Chip Sales

Nvidia And AMD Slip In Premarket As Reports Say U.S. Will Take 15% Cut Of China AI Chip Sales  Forbes

Economics