Changan Automobile, one of China’s leading automakers vying for a wider global footprint, is speeding up its push into the sizzling European market, deepening efforts to tap the growing demand abroad for cutting-edge new energy vehicles. [CHEN CHAO/CHINA NEWS SERVICE] Changan Automobile, one of China’s leading automakers vying for a wider global footprint, is speeding…
An auctioneer takes bids from buyers for a Labubu figurine, during an auction in Beijing, on June 10. TINGSHU WANG/REUTERS A mint-colored first-generation Labubu collectible toy fetched 1.08 million yuan ($150,444) at the Yongle 2025 Spring Auction on June 10, signaling the continuing appeal of what has become a sensational toy amid a global craze that…
In an effort to boost cash flow efficiency and safeguard industrial ecosystem stability, Chinese automakers have vowed to shorten payment timelines to their suppliers to within 60 days. Starting Tuesday evening, a batch of major auto manufacturers — such as BYD, China FAW Group, Seres Group, Geely Auto, Chery, Xpeng and Xiaomi Auto — officially…
The headquarters of TUV Rheinland, located in Cologne, Germany, is seen in the picture. [Photo provided to chinadaily.com.cn] China-made smart vehicles has vast potential in overseas markets, and localization will prove crucial, said an executive at TUV Rheinland, an independent third-party testing and inspection organization. “We’ve been active in China for nearly four decades,” Matthias…
A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY A batch of Chinese automakers announced that they would shorten payment terms to their suppliers to within 60 days starting Tuesday evening. As of the morning of Wednesday, 10 major auto manufacturers — including BYD, China…
TIANJIN — In North China’s industrial city of Tianjin, a bustling workshop is bringing discarded electric vehicle batteries back to life through the combined expertise of skilled technicians and automated systems. The scene exemplifies a massive business opportunity unfolding across China, as the world’s largest electric vehicle market is set to turn battery waste from…
A domestically manufactured car on display during an expo in Shanghai. WANG YUSHI/FOR CHINA DAILY China’s automotive industry has raised a collective alarm over what insiders called “involution-style” competition, as government authorities, industry associations and automakers said that an unchecked race to the bottom will endanger the sector’s long-term health. According to the latest report from…
Visitors check XPeng’s products at the 2025 International Automotive and Supply Chain Expo (Hong Kong) on June 12, 2025. [Photo provided to chinadaily.com.cn] Carmakers from the Chinese mainland are showcasing their latest models and ambitions at the 2025 International Automotive and Supply Chain Expo in Hong Kong, looking to deepen their engagement with international markets…
Visitors inspect an Onvo L60 at the 2025 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen, Guangdong province, on May 31. CAO YINGYING/CHINA DAILY In a critical period of the auto industry’s transition toward intelligence and electrification, the Chinese market has been caught in a fierce price competition. The trend has drawn opposition from…
The initial quality of new energy vehicles in China has declined for the second consecutive year, with an average of 226 problems reported per 100 vehicles, according to a J.D. Power study released on Thursday. That figure marks a 16-problem increase from 2024 but suggests a slowing rate of decline compared to the 37-problem rise…