By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share…
Monthly Archives For April 2024
Blinken Goes to China With Potential Trouble on Horizon
Even as Mr. Blinken’s plane approached Shanghai, the challenges ahead were apparent. He was set to land just hours after the U.S. Senate passed a bill, which President Biden is expected to quickly sign into…
China’s Huawei launches new software brand for intelligent driving
Chinese tech company Huawei (HWT.UL) unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry.
Global car brands need to catch up, says expert
International carmakers need to make “major changes” to stay competitive in China, the world’s largest vehicle market, said Xu Changming, an expert at the State Information Center. Xu made the remarks …
China’s Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.
China Central Bank Remarks Suggest Bond-Trading Liquidity Boost Not Imminent
The PBOC reinforced views that it is unlikely to deliver a big liquidity boost via bond trading after the finance ministry voiced support for the central bank to resume such trading.
China Approves US Listing for Self-Driving Firm in Easing Sign
China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than two-year hiatus.
Beijing powers up into car wars battleground
The Beijing Auto Show, the first since the pandemic, will be a battleground. Foreign automakers from Tesla to Toyota Motor will flaunt an arsenal of new ideas as they try to fend off their …
The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It
Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for “financial anomalies” and “shenanigans.” …
Beijing wants to deploy own security in Pakistan amid attacks
Concerned over the deadly attacks on its nationals in Pakistan China has sought approval from Islamabad to deploy its security personnel in the country to coun
China’s Huawei Launches New Brand for Intelligent Driving
The new brand Qiankun intends to empower intelligence in the driving chassis, audio and driver’s seat, and provide ultimate user experience, Jin Yuzhi, CEO of Huawei’s Intelligent Automotive Solution …
Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025
Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025.
Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong, analysts say
Some mainland companies with strong fundraising needs may opt to transition their listing plans to Hong Kong, according to Deloitte’s Edward Au Central government is asking mainland’s leading companies to prioritise Hong Kong as their…
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