BEIJING – China’s passenger car sector recorded a double-digit growth in retail sales in June as the country’s policies to boost consumption continued to take effect, the China Passenger Car Association (CPCA) said on Tuesday. Last month, retail sales of passenger cars in China grew by 18.1 percent year-on-year to exceed 2.08 million units, data…
China’s automotive industry is redefining speed, efficiency, and market leadership through a pioneering operating model, positioning itself as a global driver of innovation amid accelerating disruptions, according to the 2025 AlixPartners Global Automotive Outlook. The report reveals that Chinese new energy vehicle manufacturers can now bring vehicles to market twice as fast while investing 40…
GAC Fiat Chrysler Automobiles, the joint venture between Stellantis and China’s Guangzhou Automobile Group, has been declared bankrupt, marking the formal end of a once-promising partnership that brought the Jeep brand to Chinese consumers. The company posted images of a ruling by a court in China’s Hunan province confirming the bankruptcy declaration on its official…
Three delegates to the Beyond Asia 2025 Ophthalmology Summit, which was held in Shanghai between July 5 and 6 to promote global ophthalmic technology, make opening addresses. [Photo provided to chinadaily.com.cn] Global ophthalmologists and industry experts have called for innovation and advancement of global ophthalmic technology, as well as diagnosis and treatment concepts, to target…
Avatr and Kasrawy representatives ink the general distributor deal in Cairo, capital of Egypt, on July 7, 2025. [Photo provided to chinadaily.com.cn] Chinese NEV maker Avatr Technology has signed a general distributor agreement with Egypt’s Kasrawy Group, marking its entry into Africa as part of a broader push to expand its international footprint. The agreement,…
Chinese and Zambian personnel pose in front of harvested crops, showcasing the achievements and friendship from the cooperation. [Photo provided to chinadaily.com.cn] China’s top market regulator stepped up its efforts to promote agricultural standardization in Zambia, as part of its broader push to strengthen people-to-people ties and boost the quality of agricultural production under the…
Jens Hinrichsen, executive vice-president and general manager of Analog and Automotive Embedded Systems at NXP Semiconductors, speaks at an event in Dalian, Liaoning province, on July 2, 2025. [Photo provided to chinadaily.com.cn] NXP Semiconductors is stepping up its commitment to the Chinese automotive sector, as the Dutch chipmaker deepens local engagement, accelerates innovation, and co-creates…
BEIJING – China has built the world’s largest and fastest-growing renewable energy system, an official with the National Development and Reform Commission said Wednesday. By the end of May, the country’s installed renewable energy capacity reached 2.09 billion kilowatts, more than double the figure at the end of the 13th Five-Year Plan period (2016-2020), Zhou…
China Development Bank has signed a 2.1 billion yuan ($292.5 million) loan agreement with the Development Bank of Southern Africa, the Chinese bank said in a news release on Wednesday. The deal, inked during the BRICS Interbank Cooperation Mechanism annual meeting in Rio de Janeiro, Brazil, on Tuesday, will channel funding toward projects in sectors…
Visitors look at a hybrid transmission system developed by ZF at the Shanghai Auto Show on April 26, 2025. [Photo/VCG] The world’s number-one passenger vehicle chassis provider, ZF, forecasts that by the end of the decade it will have 33 percent global market share of chassis business and its passenger car chassis products will achieve…