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…
Visitors learn about an electric vehicle at the Zhongguancun Exhibition Center in Beijing, capital of China, June 20, 2025. [Photo/Xinhua] To Jamie Sanders, Rio Tinto’s head of Global Procurement, the Chinese EV isn’t just a car; it is a symbol of a broader, more profound transformation. He watched as the industry shed its reputation as…
LONDON – Chinese company Chery Commercial Vehicle (CCV) will establish its first European headquarters in the British city of Liverpool, local authorities said on Thursday. The move is expected to strengthen the city region’s advanced manufacturing base as well as the electric and new-energy vehicle sector, according to the authorities. The headquarters will serve as…
Yu Qian, QCraft’s co-founder, chairman and CEO, explains the company’s development plans on Jan 23, 2026. [Photo provided to chinadaily.com.cn] QCraft has seen its driver-assistance solutions installed in more than 1 million vehicles, marking a new phase of large-scale commercialization. Its systems are currently deployed across 23 production models from nearly 10 automakers, including Li…
A Volkswagen UNYX 06 version on display at Auto Shanghai 2025, on April 25. [Photo/VCG] Volkswagen’s ID. UNYX brand is preparing for a decisive year in 2026, with four model launches that executives said manifest the best of German engineering and Chinese local innovation and a significant expansion in its dealership network. Born in 2024,…
A safety staff member observes as a robotaxi of Pony.ai, a Chinese autonomous driving solution provider, steers automatically at the Canton Tower, a landmark in Guangzhou, South China’s Guangdong province, March 11, 2025. [Photo/Xinhua] China’s robotaxi sector is accelerating its shift toward scaled commercial operations, with leading companies expanding fleets in major cities, as technology…
SHANGHAI — The Michelin Group inaugurated its first global “future factory” in Shanghai on Friday, with a total project investment of 3 billion yuan ($425 million). The new plant features advanced, flexible production systems designed to serve China’s expanding new energy vehicle market. The global tire giant first entered Chinese market in the 1980s and…
Zeekr, a premium NEV brand owned by Geely Auto, showcases its products at the Chengdu auto show in August 2025. [Photo by Li Fusheng/chinadaily.com.cn] Geely Holding Group is targeting global sales of 6.5 million vehicles—including passenger and commercial models—by 2030, with overseas sales accounting for more than one third, CEO An Conghui said on Thursday.…