An employee of a Chinese home appliance company addresses visitor queries during an expo in Abu Dhabi in November. [Photo/Xinhua] In a strong demonstration of resilience and innovation, China’s home appliance sector delivered a stellar export performance in 2024, with export value surpassing the $100 billion threshold for a fourth consecutive year, the latest report…
IM Motor’s IM6 models await shipment to Thailand from Shanghai Haitong International Automotive Terminal on Feb 23. [CHINA DAILY] Chinese automakers are ramping up efforts to ship vehicles overseas, exploring growth while navigating uncertainties and policy changes in the global automotive market. The new energy vehicle startup Xpeng shipped the first batch of 300 right-hand…
Technicians check solar panels installed on a former coal mining site in Yuxian county, Shanxi province. ZHU XINGXIN/CHINA DAILY China is expected to add over 200 million kilowatts of renewable energy capacity in 2025, with total power generation reaching about 10.6 trillion kilowatt-hours, according to the country’s top energy authority. Total installed power capacity will…
Chinese and US flags flutter outside the building of an American company in Beijing. [Photo/Agencies] More than 76 percent of polled foreign companies in the Chinese mainland say they plan to continue investing in the country this year, demonstrating their confidence in China’s future economic development and vast market, a recent report shows. According to…
A new BMW X3 goes off-road in Xishuang Banna Dai autonomous prefecture in Yunnan province on Feb 27.[CHINA DAILY] Great tea and great cars are about heritage and innovation, but they are more than that, said BMW Brilliance President and CEO Franz Decker. “It is also about experience, emotion and keeping true to your values,”…
All-solid-state batteries are inevitable in China, as carmakers and battery makers are making breakthroughs in the technology that promises to rid electric vehicle owners of mileage anxiety, said a senior EV and battery expert. Such batteries use solid electrolytes instead of liquid or gel electrolytes. They have the potential to be safer, more energy dense…
A technician checks solar panel products at a new energy tech company in Hefei, Anhui province. RUAN XUEFENG/FOR CHINA DAILY China’s solar power installations are expected to decline in 2025, as the industry cuts excessive production and shifts toward a more rational deployment of photovoltaic projects, according to industry forecasts. China’s newly installed photovoltaic capacity…
Diners wait for food at a Domino’s Pizza outlet in Yangzhou, Jiangsu province, in July. CHEN YANG/FOR CHINA DAILY US-based Domino’s Pizza Inc, the world’s largest pizza company in terms of revenue, said it plans to further expand its footprint in China by opening more than 600 stores through 2026 as the pizza chain works to…
Customers shop at a Maidelong store in Huaian, Jiangsu province, in January. ZHAO QIRUI/FOR CHINA DAILY Membership stores have continued gaining traction in the Chinese retail market as middle-income consumers increasingly prioritize product quality and healthy lifestyles. Maidelong, formerly known as Metro China, is accelerating its retail expansion this year, increasing its presence in lower-tier cities…
Shoppers browse mobile phones offering trade-in subsidies at a store in Tongling, Anhui province. CHU ZHUCHUAN/FOR CHINA DAILY China’s home appliances and consumer electronics sector is expected to show strong growth momentum this year, fueled by the country’s latest measures to expand the scope of its consumer goods trade-in program amid a broader drive to boost…