KATHMANDU – The import of electric vehicles (EVs) into Nepal has been growing rapidly lately as the government is working on its new fiscal year budget. By mid-May, the country had imported 9,850 electric four-wheelers and 7,344 of them came from China, the Department of Customs said on Wednesday. In the past month, many more…
Visitors inspect the Nio ET9 at 2025 Auto Shanghai in April. Nio CEO William Li has warned that one cannot succeed in building a premium car brand by copying from others, even as Chinese EV makers are seizing a growing share of the market once exclusive to established German giants. “What’s critical is originality —…
China’s economic performance held steady against external headwinds, including the United States’ tariff moves, with industrial production exceeding market expectations in April, data released on Monday showed. Officials and analysts said that China’s economic fundamentals remain solid and the country retains ample policy room and tools to navigate mounting external uncertainties. With some countercyclical measures…
The booth of Marelli Holdings Co Ltd during an industry expo in Shanghai. PHOTO/CHINA DAILY Marelli Holdings Co Ltd, a Saitama, Japan-headquartered multinational automotive parts manufacturer with more than 50 manufacturing facilities across the world, will expand its engineering team from 800 to 1,000 in China over the next three years, said its top executive.…
Geely Holding Group is pushing ahead with a deeper integration between its New York-listed premium brand Zeekr and its Hong Kong-listed Geely Auto, as it aims to tighten control over its sprawling automotive empire and drive profitability through internal consolidation. The move is part of the “One Geely” strategy, an effort to unify its businesses…
Changan Chairman Zhu Huarong introduces the company’s first overseas new energy vehicle plant in Thailand on May 16. CHINA DAILY Changan Automobile unveiled its first overseas new energy vehicle manufacturing plant in Thailand on Friday, a sign of how Chinese automakers are deepening their efforts to explore overseas markets amid intense competition at home and…
ADDIS ABABA – Chinese automaker Guangzhou Automobile Group Co Ltd (GAC Group) has introduced two of its electric vehicle models to the Ethiopian market, marking the Chinese car brand’s entry into the East African country. The company unveiled its AION Y and ES9 models on Saturday at a launch event in Addis Ababa, the capital…
Geely sees its sales hit a record 704,000 units in the first quarter this year. [Photo provided to chinadaily.com.cn] Geely Automobile Holdings reported on Thursday a 264 percent surge year-on-year in first-quarter net income as robust demand for its NEV lineup lifted sales and profitability. The Hong Kong-listed carmaker saw its net profit attributable to…
XPeng showcases its products at the ADI Design Museum, a core venue of the 2025 Milan Design Week that ran from April 7 to 13, 2025. [Photo provided to chinadaily.com.cn] Chinese NEV maker XPeng has entered Italy, a top five automotive market in Europe, as it grows its presence in the continent where modern vehicles…
Export-bound vehicles awaiting shipment in Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China continues to flex its muscles in the global automotive export market, with Russia remaining a stable source of demand for the nation amid the global tariff war affecting the industry, according to a report released by consulting firm AlixPartners. The report noted…