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BYD takes delivery of 6th vehicle carrier to support export growth

BYD’s sixth vehicle carrier is delivered in Haimen, Jiangsu province, on June 24, 2025. [Photo provided to chinadaily.com.cn] BYD took delivery of its sixth roll-on/roll-off vehicle carrier on Tuesday as the Chinese NEV maker expands its shipping capacity to support rising global exports. The vessel, BYD CHANGSHA, was officially handed over in a ceremony held…

Pilot projects turn EVs into batteries for power grid

Technicians check a V2G charging pile in Beijing in December. WANG ZIRU/CHINA NEWS SERVICE China’s recent pilot projects to use electric vehicles as batteries to shore up power supply on the grid during spikes in demand are expected to create significant opportunities for the sector, said industry experts and company executives. The National Development and Reform…

Hellobike, Ant Group, CATL join forces on robotaxi venture

A robotaxi of Hellobike undergoes a road test. [Photo provided to chinadaily.com.cn] Chinese bike-sharing platform Hellobike established a new robotaxi firm on Monday, teaming up with fintech giant Ant Group and electric vehicle battery provider Contemporary Amperex Technology Co Ltd to accelerate the adoption of Level 4 autonomous driving technology. The three companies have invested…

Private sector may hold key to global connectivity

An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] Encouraging greater private sector investment in cross-border infrastructure connectivity lies at the heart of advancing inclusive, sustainable global development amid rising uncertainties and global challenges, officials and financial experts…

Rural market in spotlight to tap growth

Two men discuss car models at the 2025 “NEVs Going to the Countryside” campaign in Rugao, Jiangsu province, on June 14. WU SHUJIAN/FOR CHINA DAILY The campaign to promote new energy vehicles in China’s rural areas features a larger and more diversified portfolio this year, catered to evolving consumer demands to unlock consumption potential in the…

Neue Klasse aims to be game-changer for BMW

BMW showcases its Neue Klasse X model at the Shanghai auto show in April 2025. [Photo by Li Fusheng/chinadaily.com.cn] BMW is pinning high hopes on its forthcoming Neue Klasse models, especially in China, where the German carmaker hopes they refresh its brand image and revive its fortunes in the world’s largest and most competitive auto…

Chinese EVs help drive Africa’s green transition

A dealership employee of Chinese electric vehicle manufacturer BYD introduces an EV to a customer in Kigali, the capital of Rwanda, in August 2024. Han Xu / Xinhua From Kenya to South Africa, Chinese electric vehicle manufacturers are ramping up investment in Africa, a move that experts said will accelerate the continent’s shift toward clean…

Cross-boundary Payment Connect system set to boost Hong Kong’s financial role

A view of the Victoria Harbor in Hong Kong. [Photo/IC] The milestone Payment Connect program launched in China on Sunday offers a more convenient and cost-effective solution for cross-boundary transactions, said experts and residents, who highlighted its significance in boosting connections, promoting the internationalization of the renminbi and reinforcing Hong Kong’s position as a financial…

Outgoing CEO reflects on ‘rewarding’ China journey

Stefan Mecha (middle), CEO of Volkswagen China Passenger Cars Brand, speaks at a farewell media roundtable in Beijing on June 17. LI FUSHENG/CHINA DAILY As Stefan Mecha prepares to conclude his tenure as CEO of Volkswagen China Passenger Cars Brand, he departs with a mixture of pride, reluctance, and deep admiration for a market he calls…

Henan bus company thriving in Central Asia

Yutong Bus Co, a leading Chinese bus manufacturer headquartered in Zhengzhou, Henan province, is expected to have its new batch of buses for the Central Asian market officially come off the production line this month, marking new progress in Yutong’s deep integration into the Central Asian market. Since the beginning of this year, Yutong has…