Employees work on the assembly line of a carmaker in Qingdao, Shandong province. [LIANG XIAOPENG/FOR CHINA DAILY] Joint venture automotive companies in China will achieve a stunning transformation as China is cultivating a market-oriented and internationalized business environment that treats both domestic and foreign enterprises impartially, Wei Jianguo, former vice-minister of commerce, said at an…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] China has consistently supported and encouraged mutually beneficial economic and trade cooperation between the Chinese and European automotive industries, said the Ministry of Commerce on Thursday. Speaking at a weekly briefing in Beijing, He Yadong, the spokesman for the…
An LG Energy Solution Co battery pack for electric vehicle using cell-to-pack technologies displayed at the InterBattery exhibition in Seoul, South Korea, March 6, 2024. [Photo/VCG] LG Energy Solution said on Monday that its operating profit from July to September hit 448.3 billion won ($322.84 million), up 129.5 percent quarter-on-quarter, although it still marked a…
Volvo showcases two of its sedans at the 2024 Chengdu International Motor Show in August.[CAO YINGYING/CHINA DAILY] Customer satisfaction of China’s fuel vehicles hit a record high in 2024, according to a survey released by the China Association for Quality on Wednesday. It is assessed using the China Automobile Customer Satisfaction Index, which attained a…
Hyundai’s premium brand Genesis launched the new GV70 in Beijing on Wednesday, with four variants priced between 293,000 yuan ($41,175) and 403,000 yuan. The SUV features a 2.5-liter turbocharged gasoline engine, which was listed in Ward’s 10 Best. With a maximum output of 304 horsepower and top torque of 422 Newton meters, it is among…
Zeekr, owned by Chinese car giant Geely, launched a five-seat family car called Zeekr MIX, on Wednesday. Available in two variants, the MPV is priced at 279,900 yuan ($39,360) and 299,900 yuan respectively. Of its features the most striking ones are its interior space, thanks to its wheelbase of more than 3 meters and the…
China First Automobile Works (FAW) has developed a 1700V SiC power module, which is expected to advance EV charging systems toward ultra-high voltage platforms and reduce charging time to 5 minutes. [Photo provided to chinadaily.com.cn] China First Automobile Works (FAW) has developed a 1700V SiC power module, which is expected to advance EV charging systems…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] China does not acknowledge or accept the European Union’s final ruling to impose additional tariffs on electric vehicles manufactured in the Chinese market, the Ministry of Commerce said on Wednesday, vowing to take all necessary measures to protect the…
People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct 14, 2024. [Photo/Xinhua] BEIJING — The China Chamber of Commerce for Import and Export of Machinery and Electronic Products on Wednesday expressed “great regret” on behalf of the Chinese automotive industry at the…
Bright-colored flowers beautify the south square of the National Exhibition and Convention Center, the main venue for the 7th China International Import Expo, in Shanghai on Oct 29, 2024. [Photo/VCG] The seventh China International Import Expo (CIIE) is scheduled to take place from Nov 5 to Nov 10 in Shanghai. Preparations at the National Exhibition…