Huawei Qiankun showcases driving assistance solutions at the 2025 Auto Guangzhou on Nov 21. ZHOU NAN/FOR CHINA DAILY Domestic driving assistance system suppliers hold the majority share of the market, a structure that experts say is unlikely to change in the short and medium term. As top firms expand their share and offer more competitive…
Hyundai Motor Group is seeking to restore its relevance in China, but analysts say the odds of a meaningful turnaround are slim in the country’s hypercompetitive auto market. “Hyundai will open up its core capabilities in electrification and intelligent technologies, dispatch senior technical experts, and introduce its premium brand into China,”Beijing Hyundai, the carmaker’s joint…
China’s automotive supply chain is accelerating its shift toward a more internationalized model, supported by the country’s lead in intelligent electric vehicle technology and Chinese brands’ growing market share abroad, while rising overseas demand and policy shifts in key markets accelerate localization and overseas investment. Since October 2025, more than 15 Chinese automakers and auto-parts…
Customers inspect a Tesla Model Y at a shopping mall in Beijing on July 25. LI FUSHENG/CHINA DAILY Tesla is accelerating its shift toward artificial intelligence and robotics, while the United States’ electric carmaker reported the first-ever decline in its annual revenue. In an earnings call last week, CEO Elon Musk said the third-generation version…
BEIJING — China’s shipbuilding industry maintained the world’s largest market share in terms of three major indicators for the 16th consecutive year in 2025, according to data released by the Ministry of Industry and Information Technology on Sunday. The country’s shipbuilding output reached 53.69 million deadweight tons (DWT) in 2025, up 11.4 percent year-on-year and…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
Volkswagen AG said on Wednesday that it had delivered the China Electronic Architecture in late 2025 as scheduled, marking a significant step in its local vehicle development capabilities in the world’s largest automotive market. “In just 18 months, we have for the first time built a completely new, scalable electronic architecture from development all the…