China’s state-owned car giants embrace home-grown tech to dominate EV market

China’s state-owned car giants embrace home-grown tech to dominate EV market

China’s state-owned carmakers are realigning their operations on the mainland, forming tie-ups with domestic partners after relying on foreign marques for decades, as they focus on electric vehicles (EV) in the world’s largest market for clean-energy cars. Juggernauts from FAW Group, mainland China’s oldest carmaker, to SAIC Motor, the country’s largest carmaker until 2023, are…

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BMW eyes Chinese market revival with new EV lineup

BMW eyes Chinese market revival with new EV lineup

BMW (BMW.DE) expects to regain momentum in its largest market, China, through the all-electric Neue Klasse lineup. The series, marking a major transformation of the company’s portfolio, was officially launched this week with its first model, News.Az reports, citing Reuters. “We are more than competitive with this product,” Chief Financial Officer Walter Mertl told…

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