Global investors are “massively underinvested” in China, and as an exporter of capital and technology, the country will continue to create new business opportunities in Southeast Asia despite deglobalisation, panellists said at a South China Morning Post conference on Monday. “The world is waking up to the fact that China’s [technological] advancement is really spectacular,…
DeepSeek’s founder Liang Wenfeng skipped the two-day Artificial Intelligence Action Summit in Paris despite being invited to attend, as top Chinese experts in the field trumpeted the country’s role in the global AI industry. China’s AI progress, as demonstrated by advances such as DeepSeek’s open-source models, contributed to the global technology community and drove wider…
Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals, as buyers become more budget-conscious. Galaxy from Geely Auto and Xpeng’s Mona 03, which are priced at about 150,000 yuan (US$20,580), threaten to disrupt the pecking order in China’s EV sector. “Young, middle-income consumers favour…
PC giant Lenovo Group, Shenzhen-based robotics firm UBTech and EV maker Geely are among the first major Chinese manufacturing enterprises to push DeepSeek technology into their products. Those initiatives reflect how much DeepSeek has caught the attention of the technology industry at home and abroad, following its recent AI breakthrough. The Hangzhou-based start-up released two…
By: Bloomberg | Updated on: 04 Feb 2025, 09:16 AM China’s electric vehicle makers enjoyed a busy January as the extension of trade-in subsidies helped underpin sales during the usually quieter Lunar N … China’s electric vehicle makers enjoyed a busy January as the extension of trade-in subsidies helped underpin sales during the usually quieter…
Malaysian carmaker Proton on Monday launched the country’s first home-grown electric vehicle (EV), priced nearly US$10,000 cheaper than the nearest rival offered by Chinese EV giant BYD, as the company aims to make electric mobility more affordable for Malaysians. Chinese EV giants have shifted their focus to Southeast Asia due as tariffs hinder their access…
1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as…
Don’t let the EV doomers get you down, the market for electric cars in the United States isn’t shrinking. It’s just not growing very fast. And, sure, hybrids are way more popular and probably softened the demand for electric cars. That happened. But it doesn’t mean that people won’t buy a properly marketed electric car…
The presidential race between Donald Trump and Kamala Harris comes at a time of rising geopolitical tensions on multiple fronts. In the 14th report of an in-depth series, we look at China’s rise in hi-tech manufacturing and the US’ efforts to contain it. After decades spent working around the clock to produce an almost unimaginable…
Despite a massive price war and European nations doing their best to create a trade war, the Chinese EV market still looks like it will easily be crowned the best electric auto market in the world heading into the final months of 2024. China’s major EV makers ended Q3 stronger than last year, with solid…