Gaggenau, a German luxury kitchen appliance manufacturer owned by Munich-headquartered BSH Home Appliances Group, inaugurated a flagship store in Beijing on Tuesday, marking a notable step in expanding its presence in North China. After launching its first flagship store in China in Shanghai in 2022, the German company plans to open its third store in…
An image shows the installation of a wind turbine blade at a wind farm in Xingtai, Hebei province, on March 12. WANG LEI/FOR CHINA DAILY China’s rapid growth propelled global wind turbine installations to a record high for the second straight year in 2024, according to a recently released report. Domestic turbine manufacturers dominated the global…
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The global pharmaceutical company Teva announced a strategic partnership with Kerry Pharma, a subsidiary of the Kerry Logistics Network Ltd on March 11, further bolstering the pharmaceutical supply chain in the Guangdong-Hong Kong-Macao Greater Bay Area. The partnership will leverage a digital system to integrate and streamline operations and the efficient circulation of nearly 200…
A Volkswagen car is on display during an expo in Shanghai. [FAN JIANLEI/FOR CHINA DAILY] CHANGCHUN – Volkswagen Group and FAW Group have signed a new agreement on a roadmap for future models in the Chinese FAW-Volkswagen joint venture, in an ambitious product expansion plan to tap into China’s booming electric vehicle market. From 2026,…
Nio and CATL sign the cooperation deal on March 17 in Ningde, Fujian province. [Photo provided to chinadaily.com.cn] Chinese electric vehicle maker Nio signed a strategic cooperation agreement on Monday with battery giant CATL, underscoring efforts to expand battery swapping infrastructure while deepening capital and business ties. In a joint statement on Tuesday, the firms…
Further efforts are needed to propel the large-scale equipment upgrade and consumer goods trade-in program, so as to further unleash consumer and investment demand, said national legislators and political advisers. The strategic move, discussed during the recently concluded two sessions, is vital for expanding domestic demand and fostering the growth of the circular economy, they…
The industry-first AIOS Smart Cockpit is scheduled to roll out in April 2025. [Photo provided to chinadaily.com.cn] Chinese NEV startup IM Motors, in partnership with Alibaba, launched the IM AIOS Smart Cockpit on Monday, an industry-first AI-driven in-car ecosystem set to roll out in April. The “no touch, no app” cockpit incorporates Alibaba’s cutting-edge AI…
File photo shows the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING – The China Banking Association and the All-China Federation of Industry and Commerce jointly issued a proposal on Monday, calling on the country’s banking financial institutions to use more concrete measures to enhance services for private enterprises. The proposal calls…