Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the … Read more
Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu … Read more
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters. Figures Baidu reported Thursday showed the number of robotaxi rides operated publicly grew by 26% … Read more
A Nio electric car uses one of the company’s battery swap stations on Nov. 13, 2023, in Taicang, Jiangsu province of China. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China’s 2,844 counties by the … Read more
Pictured are are crystals of the antimony ore stibnite (antimony sulphide). Universalimagesgroup | Universal Images Group | Getty Images BEIJING — China’s latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways. China’s Ministry of Commerce announced Thursday … Read more
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday. The agreement was … Read more
Pan Gongsheng, governor of the People’s Bank of China (PBOC), during the Lujiazui Forum in Shanghai, China, on Wednesday, June 19, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said in state media interviews published late Thursday. … Read more
Pictured here are cars ready for export at the Haitong Automobile Terminal depot in Taicang Port, Suzhou, Jiangsu province of China on Aug. 10, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s retail sales grew more than expected in July, while industrial production missed forecasts, the National Bureau of Statistics said Thursday. Retail … Read more
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said. Slow economic growth and tight capital controls have concentrated … Read more
The New York Stock Exchange welcomes Zeekr Intelligent Technology Holding Limited in celebration of its initial public offering on May 10, 2024. BEIJING — Chinese electric car brand Zeekr announced new batteries on Tuesday, which it says boast the fastest charge in the world. The offering aims to address consumers’ long-standing worries about battery driving … Read more
