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Renewals, trade-ins unlock investment, consumption

Passenger cars wait to be shipped in Ningde, Fujian province, for sale to various markets on Oct 10. WANG WANGWANG/FOR CHINA DAILY China’s stimulus package, which includes incentives for large-scale equipment renewals and consumer goods trade-ins, has helped to boost investment growth, unlock consumption potential, and better facilitate economic recovery amid domestic downward pressure, officials and…

UK has no plans for EU-style tariffs on Chinese EVs: official

LONDON – British Trade Secretary Jonathan Reynolds has said that the United Kingdom (UK) has no plans to follow the European Union’s (EU) decision to impose tariffs on Chinese electric vehicle (EV) imports. Reynolds said that there had not been any complaints from the UK automative industry to the Trade Remedies Authority (TRA), and he…

Tesla yet to receive regulatory green light for FSD in China

This aerial photo taken on Aug 20, 2022 shows the Tesla Gigafactory in the Lingang new area of the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Multiple sources told China Daily that Tesla Inc has yet to receive regulatory approval from Chinese authorities to launch its full self-driving or FSD functions in…

German carmakers encouraged to face competition from China

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. The Shenyang plant is BMW Group’s largest production base in the world. CHINA DAILY German Chancellor Olaf Scholz has called on German automakers not to be afraid of competition from Chinese rivals, according to Reuters. “Some say that China…

China-made Audi A6L delivered to Cyprus embassy

Michael Arndt, head of FAW Audi Sales Co, presents the key to an Audi A6L to Frances Galatia Lanitou Williams, the ambassador of Cyprus to China, in Beijing on Oct 23, 2024. [Photo provided to chinadaily.com.cn] An Audi A6L, manufactured in Changchun, Jilin province, was handed over to the Cyprus Embassy in Beijing on Wednesday…

BMW, Tsinghua build research institute for mobility innovation

A BMW i5 is seen at the German premium carmaker’s R&D facility in Shenyang, Liaoning province. [Photo provided to chinadaily.com.cn] BMW unveiled a joint research institute with Tsinghua University on Thursday, in the presence of the German carmaker’s chairman Oliver Zipse, who is on his third visit to China this year. The institute for sustainable…

BMW, Mercedes-backed charging brand unveiled

A BMW i7 and a Mercedes EQS are seen at one of IONCHI’s first charging stations in Beijing. [Photo provided to chinadaily.com.cn] IONCHI, an ultra-fast charging brand based in Beijing, launched its first seven public charging stations on Thursday following two weeks of trial operations. This marks a major milestone in the company’s mission to…

Smart cabin technology growing fast in country

A visitor gets to grips with Nio’s cockpit in Shanghai in July. CHINA DAILY Smart cabins are becoming a must for new vehicles in China, especially electric ones, as carmakers vie to attract car buyers with better onboard user experience. Of the new vehicles sold in the first quarter, more than 67 percent featured cabins with…

Tesla among first trial companies as China further opens telecom sector

Potential car buyers seen at a Tesla showroom in Shanghai. [Photo/China Daily] China officially launched on Wednesday the pilot program that aims to further open up value-added telecommunications services, with sources telling China Daily that United States’ vehicle maker Tesla Inc is among the first group of foreign firms to take part in the program.…

BMW Brilliance kicks off geothermal energy project in China’s Shenyang

Employees work on a BMW assembly line in Shenyang, Liaoning province. CHINA DAILY SHENYANG – German carmaker BMW Group’s joint venture in China on Monday kicked off a geothermal energy project aimed at realizing 100 percent non-fossil energy heating for its factories in Shenyang, capital of Northeast China’s Liaoning province. Under the project, BMW Brilliance…