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…
Changan Automobile’s first overseas electric vehicle production plant starts operations in Thailand on Friday and its first DEEPAL S05 EV is delivered the same day. CHINA DAILY Chinese automaker Changan Automobile’s first overseas electric vehicle production plant started operations in Thailand on Friday, which is a significant step for the kingdom’s development toward becoming a regional…
Vehicle bodies are seen in a workshop at Changan’s NEV production facility in Rayong, Thailand, on May 16, 2025. [Photo provided to chinadaily.com.cn] Changan Auto has begun production at its first overseas new energy vehicle factory in Thailand, as the Chinese automaker accelerates its global expansion strategy. A right-hand drive version of the Deepal S05…
A view of the booth of CATL during an expo in Shenzhen, Guangdong province. CHINA DAILY Contemporary Amperex Technology Co Ltd, the world’s largest electric vehicle battery maker, is aiming to raise up to HK$41 billion ($3.99 billion) in a Hong Kong initial public offering, which would make it the biggest IPO in Hong Kong…
In an exclusive interview with China Perspectives, Justin Yifu Lin, former chief economist of the World Bank, likened China’s economy to an aircraft carrier, saying that no matter how fierce or turbulent the storms or waves are, it will continue to forge ahead as long as it focuses on managing its own affairs well. Tanks to chinadaily.com.cn Please visit: Our Sponsor