Due to the fierce price competition in China’s automobile market, according to a report from Commercial Times, on the 27th, leading new energy vehicle (NEV) manufacturers BYD and SAIC Maxus have reportedly requested their suppliers to reduce prices by 10%. As many other companies may follow BYD's ...

According to a report from BNN Bloomberg, while Tesla is preparing to launch its Full Self-Driving technology in the Chinese market in the first quarter of next year, Chinese automakers are unveiling their own self-driving models, equipped with advanced autonomous driving features and artificial int...

According to a report by Commercial Times, citing South China Morning Post, as the U.S. and EU intensify sanctions on Chinese electric vehicles (EVs), Chinese EV manufacturers are shifting their focus to Africa, accelerating efforts to establish flagship stores and assembly plants across the contine...

According to a report from the China Business Network, Huawei, seems to have overcome the pressure of U.S. sanctions, as it posted strong financial results in the first half of 2024 on August 29. The report shows that Huawei's revenue for the first half of the year reached CNY 417.5 billion, ...

The electric car market in China has been facing intense competition, with Xiaomi revealed that it suffered a USD 9200 loss per vehicle from April to June. However, the price war is not the only battleground, as the focus now seems to be turned to another front. According to a report by CNBC, chi...