More broadly, domestic EV brands benefit from a continued nationwide push for green mobility. In 2022, deals in China’s EV sector reached $5.95 billion, according to data from research firm Preqin.
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China’s Geely raises US$750mil for Zeekr EV brand
Outside China, Zeekr has a research and development facility in Gothenburg, Sweden. Germany and the Netherlands are among the markets that Zeekr is likely to target, according to auto analyst Lei, …
China’s yuan hits 5-week low as South Korea export data darkens outlook
While South Korea’s exports for the first 10 days of February rose 11.9% from a year earlier, the customs data showed that average exports per working day fell 14.5% after adjustment for the different …
Chinese OnePlus 11 Models are Region-Locked, Importing May Result in Limitations
OnePlus recently launched its new flagship OnePlus 11 smartphone in the global market. The worldwide launch obviously came around a month after the domestic launch in China. As the device is yet to go …
Chinese EV brand Zeekr is now worth more than Xpeng
Prices start at 499,000 yuan. In 2010, China-based Geely acquired Swedish auto brand Volvo, which previously belonged to Ford Motor. By sales in China, Geely was the fourth-largest manufacturer of new …
Top business executives return to China: media
[Photo/VCG] Top executives from multinational companies are returning to China to look into the business opportunity presented by China as it is a top manufacturing hub and consumer market for many of …
Letter: China the ultimate competitor — and capitalist?
The question, then, isn’t so much whether chief executives with MBAs are good for business but rather, whether competition is good for national economies, including the political economies of trade …
China-US tech ties strengthen amid challenges
For instance, despite all the talk in the US government of being wary of China’s rise in artificial intelligence, a report from Stanford University showed that China-US collaboration on AI research …
Fruit prices surge as China’s reopening boosts imports from Vietnam
The price of durian reached a record high in Vietnam last month, while other fruits have tripled their values year-on-year as China’s reopening boosted imports of the products. China’s economy started …
Geely’s EV brand Zeekr raises $750 million in fresh funding round
Zeekr, the electric car brand of China’s Geely Automobile Holdings, is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion.Zeekr, which …
From Apple to VW, CEOs Start Returning to China
Dozens of executives are expected to attend business conferences planned for the coming months in the country after China’s pandemic restrictions were dropped. The executive visits underscore how, …
Texas Congressman says he’ll try to stop the export of technology to China
This is the first time to my knowledge that we’ve seen anything like this from a foreign adversary,” Rep. Michael McCaul said.
What Tencent’s rebound says about prospects for China’s big tech
Xi Jinping, China’s paramount leader, decided that big tech’s side-effects, from distracted teenagers to the diversion of capital from strategically important sectors such as semiconductors, were …
