Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme.
Monthly Archives For December 2024
China’s Central Bank Pledges Supportive Policies For Economy
The PBOC will employ a variety of monetary policy tools to strengthen countercyclical adjustments and maintain adequate liquidity.
20th China (Changsha) International Automobile Exposition kicks off
A staff member (L) introduces a car to a visitor at the 20th China (Changsha) International Automobile Exposition in Changsha, central China’s Hunan Province, Dec. 4, 2024. The 6-day exposition, with …
Meitaowan becomes home to ceramic art and fashion brands in Foshan
A worker hones a ceramic piece at an art studio of Meitaowan in Foshan, south China’s Guangdong Province, Dec. 3, 2024. Meitaowan, literally translated as “bay of beautiful ceramics,” has been known …
13 missing in Shenzhen after railway building site landslide on Wednesday night
A catastrophic landslide at a construction site alongside a railway line in China’s southern tech hub of Shenzhen late on Wednesday night has left 13 people missing. The accident happened at around 11pm at the…
Pony AI fetches $5.25 bln valuation as shares jump 15% in Nasdaq debut
Shares of Pony AI opened about 15% above their offer price in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor …
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
Work team sent to Shenzhen following construction site cave-in
BEIJING — A work team has been sent to Shenzhen in South China’s Guangdong province to guide rescue efforts after a ground collapse at a railway construction site left 13 workers missing, the …
13 workers missing after a ground collapse in S.China’s Shenzhen; an all-out search underway
Shenzhen, South China’s Guangdong Province late Wednesday, with an investigation into the accident currently underway, according to a statement released by local government on Thursday morning. The …
Rescuers search for 13 workers missing after a railroad construction site collapses in south China
Chinese authorities are searching for 13 workers who went missing after a construction site caved in in the southern business center of Shenzhen
Losses in China lead to $5B charge for General Motors as it cuts assets value
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
Rare earths producer Lynas surges on China export curbs
Lynas Rare Earths (OTCPK:LYSCF) (OTCPK:LYSDY) +5% in Australian trading on Wednesday, a day after China banned exports of critical minerals gallium, germanium and antimony to the U.S. U.S. imports of gallium metal and gallium arsenide…
13 workers missing after Shenzhen site collapse
Thirteen workers were reported missing on Thursday following a sudden ground collapse at a railway construction site in Shenzhen. Local authorities
