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…
He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin. However, he added that testing could start only after regulators gave Xpeng the green light to…
Donald Trump’s return to the White House could present a chance for China and Europe to mend trade ties, the EU ambassador to Beijing has said, while warning of geopolitical “choppy waters ahead”. “What happened a couple of days or three days ago in the US may change … the global landscape but it can…
China will continue to dominate the global clean energy market with its exports of solar panels, wind turbines, batteries, and electric vehicles (EVs) on track to triple in the coming decade, according to an analysis published this week by the International Energy Agency (IEA). The country’s clean technology exports are expected to exceed US$340 billion…
The double crunch could still be avoided but conditions were only to get tougher for Beijing, according to analysts. A top rate of 35.3 per cent will apply to EVs from Chinese-state owned SAIC Motor and its subsidiaries, on top of a baseline 10 per cent duty that applies to all EV imports, which by…