Oliver Zipse, chairman of the board of management of BMW Group, delivers a keynote speech at the China Development Forum on March 23, 2025. [Photo provided to chinadaily.com.cn] German premium carmaker BMW Group has reaffirmed the company’s unwavering commitment to China, its largest market in the world, calling the country a “cornerstone” of its future…
BEIJING – As part of broader efforts to stimulate domestic demand, China has called on cities to further refine their automobile quota systems to better accommodate households without cars of their own, following a series of favorable policies rolled out across the world’s largest auto market. The country on March 16 made public a plan…
Chinese and European carmakers are confident in their business prospects in each other’s home turf, reflecting the resilience and potential of Sino-EU cooperation in the automotive industry. Last week, German carmaker Volkswagen inked a new deal with its longtime partner FAW to introduce a slew of new models developed exclusively for the Chinese market. Ralf…
Xpeng’s modular flying car, the Land Aircraft Carrier, is exhibited in Shenzhen, Guangdong province. CHINA DAILY Smart driving is now a must for new vehicles in China, as major carmakers roll out the feature for mass-market models. One day last week saw three companies — Chery, GAC and Geely’s premium arm Zeekr — announce ambitious…
XPeng launches the X9 in Malaysia in early 2025. [Photo provided to chinadaily.com.cn] Chinese NEV startup XPeng is expected to ship over 40,000 vehicles overseas this year, twice the 2024 level, said Chairman and CEO He Xiaopeng on Tuesday. Last year, XPeng delivered over 20,000 vehicles in overseas markets, ranking first among Chinese startups. He…
A BMW M5 model is showcased at the 2024 the China International Import Expo in Shanghai. [Photo by Li Fusheng/chinadaily.com.cn] BMW Group is fast-tracking its evolution into a technology-driven company, with China playing a pivotal role in its strategy. The German premium automaker has ramped up investment in research and development, navigating challenges in an…
Geely’s booth at the 2024 Guangzhou auto show attracts visitors. [Photo provided by chinadaily.com.cn] Geely Automobile Holdings posted record financial results for 2024, with total revenue reaching 240.2 billion yuan ($33.2 billion), a 34 percent year-on-year increase, said the Hong Kong-listed Chinese carmaker on Thursday. Its net profit attributable to shareholders in the year soared…
Invited guests view the new Rolls-Royce Phantom at an event in London, Britain. [Photo/Agencies] British luxury automaker Rolls-Royce is witnessing a shift in its Chinese customer base, marked by youthfulness, diversity and a demand for personalization, according to a company senior executive. Zhao Zhen, regional director of Greater China at Rolls-Royce, emphasized the brand’s deepening…
A fleet of Chery models drives itself across a bridge over the Yangtze River in Wuhu, Anhui province, on March 18, 2025. [Photo provided to chinadaily.com.cn] Chinese carmaker Chery unveiled its smart driving strategy on Tuesday, saying the cutting-edge Falcon system will be available across all its brands from namesake marque Chery to Exceed. Li…
A Volkswagen car is on display during an expo in Shanghai. [FAN JIANLEI/FOR CHINA DAILY] CHANGCHUN – Volkswagen Group and FAW Group have signed a new agreement on a roadmap for future models in the Chinese FAW-Volkswagen joint venture, in an ambitious product expansion plan to tap into China’s booming electric vehicle market. From 2026,…