More than half of new cars sold in China are now electric or hybrid
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — For the first time in …
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China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits
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 — …
China’s exports miss expectations in July, while imports pick up
Cargo ships loaded with cars and containers for export are departing at the port of Yantai in Yantai, China, on July 31, 2024. Nurphoto | Nurphoto | Getty Images BEIJING …
Li Auto’s July deliveries hit record as China’s EV buyers prefer hybrids
A newly released Li Auto L6 new energy vehicle is displayed at a store in Shanghai, China, on April 19, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese …
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC …
Tencent Cloud downplays AI hype when it comes to making games
Tencent Games was one of the exhibitors at ChinaJoy in Shanghai on July 26, 2024. Str | Afp | Getty Images BEIJING — When it comes to gaming, the use …
Stocks making the biggest moves after hours: DXCM, COUR, DECK
Check out the companies making headlines in after-hours trading: Deckers Outdoor — The footwear company’s stock jumped 8% after Deckers reported fiscal first-quarter earnings of $4.52 per share on revenue …
Chinese shoppers flock to Japan to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the …
China to use ultra-long bonds for consumption as retail sales slump
China’s retail sales grew by 3.7% in the first half of the year from a year ago. CNBC | Evelyn Cheng SHANGHAI — China on Thursday announced its most targeted …
Chinese EV startups are spending more on research than Tesla is
Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more …