Michael Arndt, president of FAW-Audi Sales Co (left), and Helmut Stettner, CEO of Audi FAW NEV Co, give an interview in Shenzhen, Guangdong province, on May 31, 2025. [Photo provided to chinadaily.com.cn] FAW-Audi started pre-sales of the Q6L e-tron family at the Guangdong- Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen, Guangdong province,…
In a bid to foster a healthier competitive landscape, Chinese regulators have called for intensified efforts from players in the automotive sector to combat destructive pricing practices and aim for long-term value. To address the challenges posed by rampant “cutthroat competition” in the automotive industry, the Ministry of Industry and Information Technology pledged on Saturday…
Two young content creators prepare to livestream from a Wuling vehicle at the Shanghai auto show in April 2025. [Photo by Li Fusheng/chinadaily.com.cn] China’s post-1995 generation is emerging as a powerful force in the country’s auto market, and they’re turning to social media—not dealerships—for guidance on what to buy, according to a J.D. Power report…
Leapmotor showcases its models at the Beijing auto show in April 2024. [Photo by Li Fusheng/chinadaily.com.cn] Hong Kong-listed Chinese NEV maker Leapmotor announced its first-quarter 2025 earnings late Monday, reporting a surge in revenue driven by strong vehicle deliveries and a notable narrowing of net losses. The company posted revenue of 10.02 billion yuan ($1.39…
BYD and CAR ink their strategic deal in Shenzhen, Guangdong province, on May 20, 2025. [Photo provided to chinadaily.com.cn] Chinese NEV giant BYD has signed a strategic cooperation agreement with CAR, China’s largest car rental platform, as the two companies deepen their partnership to accelerate the adoption of new energy vehicles in the country’s fast-evolving…
An Arcfox vehicle features Pony.ai’s seventh-generation system is shown at the Shanghai auto show in April. [Photo by Li Fusheng/chinadaily.com.cn] Nasdaq-listed Pony.ai reported strong unaudited financial results for the first quarter of 2025 on Tuesday, buoyed by a surge in robotaxi revenues and progress on cost-efficient mass deployment. Total revenue in the quarter rose 12…
Lei Jun, chairman and CEO of Xiaomi, speaks during a product launch event in Beijing on Thursday. [Photo provided to chinadaily.com.cn] Xiaomi Corp said on Thursday it will invest 200 billion yuan ($27.8 billion) in research and development from 2026 to 2030, as the Chinese company aims to beef up its technological prowess in crucial…
He Xiaopeng, chairman and CEO of Xpeng, showcases the MONA M03 Max car model. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle company Xpeng Motors debuted its highly anticipated MONA M03 Max model, bringing premium artificial-intelligence-powered driving to the affordable electric vehicle market. A game-changer in the industry, the MONA M03 Max integrates Xpeng’s Turing AI-assisted…
Export-bound vehicles awaiting shipment in Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY BEIJING — China’s Ministry of Industry and Information Technology (MIIT) said Saturday it will intensify efforts to tackle “involution-style” competition in the country’s auto industry, vowing to strengthen oversight and safeguard a fair and orderly market environment. The announcement came after the…
Consumers discuss details about a cell phone with an assistant at a shopping mall in Shushan district, Hefei, Anhui province, April 26, 2025. [Photo/VCG] Boosted by China’s trade-in program for consumer products, the country saw strong growth in retail sales of cars, home appliances and electronic products in the first five months of this year,…