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…
Thanks to China’s scale and growth potential, UK-based consumer goods company Unilever Plc is working to make the country a top market for its haircare brand Nexxus in the years to come, said senior executives of the company. Unilever globally launched its Nexxus Promend high-end hair product collection in Shanghai on Feb 21, the latest…
Markus Heering As US tariffs introduce growing complexities for manufacturers navigating global markets, China’s steadfast and pivotal role in the machine tool industry is poised to fuel further growth, said a leading German industry expert. “If protectionism is coming back, it will be a challenge, especially for European manufacturers,” said Markus Heering, executive director of…
An employee checks an intelligent production line at a textile plant in Qingdao, Shandong province. LIANG XIAOPENG/FOR CHINA DAILY China’s sharpening focus on cultivating new quality productive forces and bolstering technological innovation will drive industrial upgrades and inject strong impetus into the country’s economic growth, while offering immense business opportunities for investors both at home…
Spring blossoms at Kobe Nunobiki Herb Gardens. KOBE NUNOBIKI HERB GARDENS Direct flights linking Japan’s Kobe and Chinese cities of Shanghai and Nanjing of Jiangsu province would be launched starting April, which are expected to serve air traveling requirements between the Japanese city and the Yangtze River Delta region, announced Shanghai-based airliner Juneyao Airlines on…
Scholars from Peking University and Caroline Tillett, chief scientific officer of Kenvue Inc attend the unveiling ceremony of a joint laboratory on anti-aging in Beijing. [Photo provided to chinadaily.com.cn] Dabao, a skin health and beauty brand owned by Kenvue Inc, a United States-based consumer skincare company, and the School of Life Sciences at Peking University…