People visit an auto show in Jinan, East China’s Shandong province, April 10, 2026. [Photo/Xinhua] BEIJING – China’s new energy vehicle (NEV) sector reported continued growth in the first half of 2026, with output and sales both exceeding 7 million units during the period, latest industry data showed on Thursday. NEV output from January to…
Continental has announced to sell its ContiTech group sector to an affiliate of Lone Star Funds for 4 billion euros ($4.58 billion), which will turn the German auto parts giant into a pure-play tire manufacturer for the first time in its 155-year history. The transaction, which is subject to regulatory approval and is expected to…
PRETORIA, South Africa — Chinese automaker Chery has launched a manufacturing plant in Rosslyn, north of South Africa’s administrative capital Pretoria, marking its transition into a local manufacturer and deepening its long-term commitment to the South African market. Addressing the launch ceremony last week, Chery Chairman Yin Tongyue said the investment reflects the company’s long-term…
China has enforced two mandatory national standards for new energy vehicles effective from Wednesday, phasing out the 2020 version, with the strictest-ever safety requirements for NEVs and power batteries. Experts say the move sets higher safety guardrails for the world’s largest new energy vehicle market and shapes global auto safety protocols. A key provision mandates…
Unreleased models line up at Chery’s booth at the 2026 Auto China Show in Beijing on April 24. LI FUSHENG/CHINA DAILY China’s auto exports are growing faster than domestic retail sales, according to June sales figures released by major automakers, underscoring a trend analysts say turns overseas expansion from a strategic option into a competitive…
Visitors inspect Aito M8 models in a shopping mall in Haidian district, Beijing, in February. WANG YUCHEN/CHINA DAILY The rising prices of automotive-grade memory chips are adding pressure on Chinese automakers who face softer sales and narrower margins, prompting them to strengthen cost control and supply chain coordination, industry experts said. The broader rollout of…
Chinese passenger car brands captured a larger share of Europe’s monthly new-car market than their Japanese counterparts for the first time in May, marking a milestone for China’s automakers in the region, showed latest data released by the European Automobile Manufacturers’ Association. Five major Chinese automakers — BYD, SAIC Motor, Geely, Chery and Leapmotor —…
China will scrap preferential annual vehicle and vessel tax treatment for a range of energy-efficient vehicles and new energy commercial vehicles from Jan 1, marking a gradual rollback of incentives that helped fuel the rapid expansion of the country’s clean vehicle industry. Under a joint notice issued by the Ministry of Finance, the State Taxation…
Employees work on a Voyah assembly line in Wuhan, Hubei province, in January. CHINA DAILY Voyah, the premium electric vehicle brand under China’s Dongfeng Motor, is betting on full-chain control, faster product cycles and an expanding overseas footprint to secure a stronger position in the global EV race, said its chairman Lu Fang in an…
China has emerged as a key architect of global autonomous driving rules after helping develop the world’s first harmonized technical regulation for the field, a milestone expected to reshape how self-driving vehicles are designed, tested and certified across international markets. As the first global regulation covering the full life cycle of Level 3 and Level…