4 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

40 h. ago As China exports to Russia dip on less car demand, new deals show ‘room to grow’

Despite a slowdown in automotive shipments from China to Russia, there is room for them to advance trade settled in yuan and roubles as both countries continue to be pressured away from the US market, analysts said on Tuesday during Russian President Vladimir Putin’s visit to the world’s second-largest economy. Russians want consumer goods, personal electronics and common machinery that are difficult to import from the West because of trade sanctions over Russia’s invasion of Ukraine that began...

Politics

49 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

63 h. ago China's CATL sells stake in Finnish subcontract car manufacturer

China's CATL sells stake in Finnish subcontract car manufacturer  Reuters

Politics

3 d. ago 'Hongqi': All about Xi Jinping's Preferred Car In Which PM Modi Travelled In China

'Hongqi': All about Xi Jinping's Preferred Car In Which PM Modi Travelled In China  NDTV

Transport

5 d. ago FWD profit jumps 15 times on sales spike, lower costs after Hong Kong IPO

FWD Group, a regional insurer founded by Hong Kong billionaire Richard Li Tzar-kai, said its first-half net profit jumped 15 times on strong sales growth and one-off cost reductions. In the first results since FWD’s HK$3.61 billion (US$466 million) initial public offering (IPO) in July, net profit soared to US$47 million from US$3 million a year earlier, the company said on Friday. The insurer said it would not pay an interim dividend. Driving the profit increase, annualised premiums from new...

Economics

6 d. ago Trump tariffs live updates: EU moves to speed US car duty cuts as Mexico bows to Trump with tariffs on China

Trump tariffs live updates: EU moves to speed US car duty cuts as Mexico bows to Trump with tariffs on China  Yahoo Finance

Politics

6 d. ago What does a mock US rocket launcher in mainland China say about a Taiwan conflict?

Mock-ups of Himars rocket launchers – which Taiwan has ordered from the US – have been spotted in a car park in mainland China, suggesting a PLA simulation of a cross-strait conflict. A video circulating on mainland Chinese social media this week showed three trucks resembling the US-made High Mobility Artillery Rocket Systems (Himars). The replica trucks appeared to be lighter than genuine Himars units and, according to the video, lacked rocket launchers. The footage showed the vehicles...

Events

7 d. ago How China’s electric vehicle juggernaut is reshaping the global car market

How China’s electric vehicle juggernaut is reshaping the global car market  CNBC

Politics

8 d. ago China Bubble Tea Chain Mixue Sees 39% Sales Growth in First Half

China Bubble Tea Chain Mixue Sees 39% Sales Growth in First Half  Bloomberg

Politics

8 d. ago China’s industrial profits fall more slowly amid crackdown on price wars

China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers. Industrial profits declined 1.5 per cent last month from a year earlier, falling the least since they began shrinking in May, according to data released on Wednesday by the National Bureau of Statistics. For the first seven months of the year, earnings contracted 1.7 per cent year on...

Economics

8 d. ago China's industrial profits slip 1.5% in July, slowest pace of decline in five months

China's industrial profits slip 1.5% in July, slowest pace of decline in five months  CNBC

Politics

8 d. ago Dad leaves China boy on highway after sibling spat in car; mum walks 1.5 km to find him

A father in China has sparked controversy for abandoning his young son on a busy highway as punishment for hitting his older brother during a quarrel. The man came under the spotlight after a motorcycle travel influencer posted a video of the abandoned youngster, who is thought to be seven or eight years old, online. It showed a young boy standing alone on the side of No. 219 National Highway in the Xinjiang Autonomous Region of northwest China. The stranded boy even tried to hail a lift, the...

Transport

9 d. ago Trump threatens 200% tariff on China over key part that shut down US car plants

Trump threatens 200% tariff on China over key part that shut down US car plants  Daily Mail

Politics

1 week ago China driver crashes on day of purchase, faces hefty bill; insurer refuses payout

A man in eastern China who crashed into a luxury car on the day he bought his own second-hand vehicle is facing a repair bill of more than 100,000 yuan (US$14,000) for both cars. However, his insurer refused to cover the damage, saying the policy was still seven minutes from taking effect. According to Zhejiang Television, a man surnamed Ma from Taizhou in Zhejiang province took out a loan of 115,000 yuan (US$16,000) to buy a second-hand car. On August 4, Ma picked up his car from a showroom and...

Events

1 week ago China girl causes brother’s death while adjusting car seat; court dismisses lawsuit

A couple in China have filed a lawsuit against a car manufacturer after their five-year-old daughter adjusted the car seat, which inadvertently led to the death of their two-year-old son due to suffocation from being trapped by the seat. However, the Shanghai Pudong District People’s Court dismissed their lawsuit, stating that the tragedy was caused by the “multiple instances of negligence in the parents’ guardianship.” The case was publicised on social media on August 14 by the Shanghai High...

Events

2 w. ago China's EVs Surge Into Georgia, Challenging U.S. Car Dominance

China's EVs Surge Into Georgia, Challenging U.S. Car Dominance  Crude Oil Prices Today | OilPrice.com

Politics

2 w. ago Baidu’s revenue dips ahead of intensifying Chinese AI contest

Baidu’s revenue fell, hurt by an economic downturn that is capping its ability to fight bigger rivals in AI and make inroads in new growth areas. The Ernie chatbot creator’s sales in the June quarter came to 32.7 billion yuan (US$4.6 billion), in line with the average of analyst estimates for a 4 per cent decline to 32.74 billion yuan. Net income came to 7.3 billion yuan, versus the projected 3.7 billion yuan. China’s internet search leader is betting big on generative AI to drive future growth,...

Politics

2 w. ago Groundhog steals tourist’s car keys in China, villagers rally to retrieve them

A scenic road trip in southwestern China unexpectedly turned into a quirky “treasure hunt” when a tourist’s car keys were snatched by a playful groundhog, prompting an entire village to join in a frantic digging mission to recover them. The unusual incident took place on August 3 in Genie Town, Litang County, Sichuan province, when a netizen known as “Dog Brother” shared his experience online. He recounted how a groundhog grabbed his keys in its mouth and swiftly darted back into its burrow...

Events

2 w. ago Chinese couple escapes serious car crash, marries immediately

A Chinese couple narrowly escaped a serious car crash with only minor injuries and chose to get married shortly after, receiving heartfelt congratulations from across social media. The 31-year-old man, surnamed Ma, had just returned from a self-driving trip with his girlfriend, travelling from their hometown in central China’s Shanxi province to Shandong province in the east. On July 26, while driving on a two-lane highway in Shandong, Ma attempted to overtake a truck. Just as he manoeuvred past...

Events