China, EV and batteries
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Chinese electric vehicle maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives.
CATL has started battery production at another factory in China. The plant is set to become the Group's largest production facility in the country. In the
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The IPO had raised HK$35.7 billion ($4.6 billion) according to a company filing, reportedly making it the largest global listing in 2025.
China has become a global leader in electric cars and car tech, with one of the highest personal EV adoption rates in the world. But it's also ahead of everyone else when it comes to electric heavy-duty truck sales.
WASHINGTON — Donald Trump wants to beat China in just about every market — but he’d rather take the loss on clean energy. In his second term, the U.S. president has returned more committed than ever to promoting fossil fuels and crushing clean, renewable power sources that don’t burn the planet.
Asian equities had a poor start to the week, as Moody’s US debt rating cut weighed on risk sentiment, as Mainland China and Indonesia managed gains, while Taiwan and South Korea underperformed, as the US dollar fell versus most regional indices.
Chinese carmakers offered a record high 16.8 per cent average discount last month, from 16.3 per cent in March, JPMorgan findings show.
China's electric vehicle giant BYD said on Wednesday it sold 213,325 vehicles with smart assisted driving features in April, accounting for almost half of its total sales of such vehicles as of end-April.