The Chinese automaker for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the market.
BUSINESS
Chinese brand tops Israel’s EV sales in 2023
The data also showed that Chinese brands accounted for 60.98 percent of Israel’s electric car sales in 2023, with 29,402 units sold, more than double the number of 13,294 in 2022.
How China’s Car Companies Built So Wide a Lead in the Race to Make EVs
In addition to the lower cost and advanced technology of made-in-China cars, the country has also come to dominate the EV supply chain in ways that will make it difficult for manufacturers elsewhere …
China Targets Cryptocurrency In Fight Against Corruption: Focus On Cold Storage, Virtual Currencies
In a significant development, Chinese official media has highlighted the growing concern over corrupt officials using cryptocurrency cold storage to illicitly transfer and transact funds …
China Raises Crypto-Led Corruption Concerns in New Bribery Cases
China is currently facing an increase in ongoing money laundering cases involving cryptocurrencies, local papers find.
The US beat out China as South Korea’s top export market for the first time in 2 decades
Geopolitical trends continue to shift as South Korea sent more goods to the US than China in December for the first time in 20 years.
Inside Xi’s purge of China’s military leadership
China is turning its military leadership upside down.
Bitcoin ETFs, SBF, and China: The biggest crypto stories you missed over the holidays
Big names like Fidelity listed the prices they will charge for their impending Bitcoin ETFs—and they are lower than expected.
Tesla overtaken by China’s BYD as world’s top-selling electric car maker; UK manufacturing production declines for 17th successive month – business live
China’s BYD has overtaken Elon Musk’s Tesla to become the world’s top-selling electric car maker. BYD, which has been backed by the US investment billionaire Warren Buffett …
ASML Hit by Block on Chinese Exports. What It Means for the U.S.-China Chip War.
ASML Holding, a key chip-equipment manufacturer, is facing further restrictions on Chinese exports. it’s a sign that U.S.-led efforts to freeze out China from global chip-supply chains are bearing …
China factory activity growth accelerates in December: Caixin PMI
BEIJING: China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a private-sector survey …
US pushed Dutch chip equipment maker to halt export to China, claims report
ASML cancels chipmaking equipment shipments to China as per US request; Dutch restrictions to take effect in January. US officials asked ASML to halt
China tightens grip on crypto with cold storage regulations
The Chinese media has recently highlighted a growing concern regarding the misuse of cryptocurrencies by corrupt officials. A particular point of worry is using cold storage methods, which allow these …
