TOKYO — Chinese automakers are set to become the world’s largest sellers of new vehicles in 2025, overtaking Japanese manufacturers for the first time, The Nikkei has reported. According to an estimate by The Nikkei based on company disclosures from January to November 2025 and data from S&P Global Mobility, Chinese carmakers are projected to…
BEIJING — China on Wednesday released detailed guidelines for its 2026 auto trade-in subsidy program, sustaining support for the automotive market as part of broader efforts to boost consumption. According to a notice jointly issued by the Ministry of Commerce and other government departments, gasoline-powered passenger vehicles will qualify for subsidies if they were registered…
Leapmotor founder and CEO Zhu Jiangming delivers a speech at the company’s 10th anniversary ceremony in Hangzhou, Zhejiang province, on Dec 28. [Photo provided to chinadaily.com.cn] Since its inception in 2015, Chinese NEV startup Leapmotor has aspired to establish itself as a world-class automaker and it now has confidence in realizing this goal, said founder…
As China’s auto sector shifts from rapid expansion to higher-quality development, automotive culture is emerging as a crucial driver for unlocking new value, reshaping competition and sustaining long-term growth, industry experts said. “Automotive culture is a core driving force in shifting the industry from scale-driven cutthroat competition to value creation,” said Wu Songquan, senior chief…
China’s automotive industry has firmly established itself on the global stage, with the next phase of its international expansion set to be driven by localization and synergy between parts suppliers and carmakers, according to a new report from consultancy Roland Berger. The report suggests that Chinese automakers should transition from merely exporting products to developing…
BAIC Arcfox showcases the Alpha S sedan at the Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen in July 2024. LIANG XIASHUN/FOR CHINA DAILY China has begun piloting Level 3 autonomous vehicles on public roads, marking a stride forward in intelligent mobility. But hurdles over liability, infrastructure and commercial rollout remain to be…
Li Auto showcases the range-extended L9 SUV at 2025 Auto Guangzhou in November. QIN ZIHANG/FOR CHINA DAILY Range-extended electric vehicles, which once gained prominence by eliminating range anxiety and saw soaring sales in recent years, are now facing a continued sales decline amid the growing dominance of battery electric vehicles. Data from the China Passenger…
Chery plans to build its largest factory in Southeast Asia in Vietnam by mid-2026, Nikkei reported on Wednesday. The total investment for the plant could reach up to $800 million. Initially, the plant will have an annual capacity of 30,000 to 60,000 vehicles, with the potential to increase production to 200,000 vehicles depending on market…
A worker is seen working at a Valeo plant in Wuhan, Hubei province. [Photo provided to chinadaily.com.cn] China is set to play a central role in French auto parts supplier Valeo’s “Elevate 2028” strategy, as the company seeks to restore revenue growth, lift profitability and strengthen cash generation amid a rapidly changing global auto industry.…
A visitor tries out a Maextro S800, a battery electric ultra-luxury sedan co-developed by Huawei and JAC Group, during an expo in Shanghai on June 19. CHINA DAILY China’s premium vehicle market is witnessing a rapid shift as homegrown brands break longstanding price and brand barriers in the ultra-luxury sedan segment, and put an end…