Tag: 25

Understanding Europe crucial for Chinese carmakers

Visitors examine an off-road vehicle at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo by Li Fusheng/chinadaily.com.cn] Chinese carmakers will help galvanize the vehicle market in Europe, but if they want to secure a foothold, they need to gain a deep understanding of the destination, said the chief economist … Continue reading Understanding Europe crucial for Chinese carmakers

Seres’ Q1 net profit hits $30.34 million

Seres showcases a vehicle platform at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo provided to chinadaily.com.cn] Seres, which produces AITO-branded vehicles in collaboration with Huawei, saw its net profit reach 220 million yuan ($30.34 million) in the first quarter this year. The Shanghai-listed carmaker released on Monday its … Continue reading Seres’ Q1 net profit hits $30.34 million

VDA opposes EU’s threat of punitive tariffs on Chinese EVs

Hildegard Mueller (center), president of the German Association of the Automotive Industry, visits BYD’s booth at the Beijing auto show on April 25, 2024. [Photo provided to chinadaily.com.cn] The European Union’s measures against Chinese EVs such as additional tariffs would not solve the challenges facing the European automotive industry, said Hildegard Mueller, president of the … Continue reading VDA opposes EU’s threat of punitive tariffs on Chinese EVs

Auto development gains speed in China, says Valeo executive

Valeo’s booth at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo provided to chinadaily.com.cn] Automotive development in China is faster than ever, said a senior executive of French automotive supplier Valeo at the Beijing auto show that runs to May 4. Francois Marion, senior vice-president of the group’s corporate … Continue reading Auto development gains speed in China, says Valeo executive

Chevy Tahoe to be first import into China by Durant Guild

GM China President Julian Blissett introduces the 2025 Chevrolet Tahoe as the first model of the Durant Guild at the 2024 Beijing auto show on April 25. [photo provided to chinadaily.com.cn] General Motor’s premium platform, the Durant Guild, debuted at the Beijing auto show and launched the 2025 Chevrolet Tahoe as the first imported model … Continue reading Chevy Tahoe to be first import into China by Durant Guild

EU’s probe into Chinese EVs ‘not necessary’, says BMW chairman

Oliver Zipse, BMW’s chairman of the board of management, unveils a Neue Klasse model at the Beijing auto show on April 25, 2024. [Photo provided to chinadaily.com.cn] The EU’s investigation into the Chinese EV sector “is not necessary”, said Oliver Zipse, BMW’s chairman of the board of management. The ongoing investigation started in October 2023. … Continue reading EU’s probe into Chinese EVs ‘not necessary’, says BMW chairman

Pony.ai’s JV with Toyota to spur robotaxi development

A Level-4 concept vehicle codeveloped by Pony.ai and Toyota is shown at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo by Li Fusheng/chinadaily.com.cn] Autonomous driving firm Pony.ai has set up a partnership with Japanese carmaker Toyota and its Chinese joint venture GAC Toyota, which is expected to speed up … Continue reading Pony.ai’s JV with Toyota to spur robotaxi development

Mercedes chief advocates free trade, competition

Mercedes-Benz’s new models attract visitors to its booth at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo provided to chinadaily.com.cn] Mercedes-Benz is “pro-free trade and a level playing field”, said Ola Kaellenius, the German car group’s chairman of the board of management. Kaellenius made the remarks in an interview … Continue reading Mercedes chief advocates free trade, competition

Nissan teams up with Baidu on generative AI

Nissan President and CEO Makoto Uchida explains the carmaker’s strategy in China at the Beijing auto show on April 25, 2024. [Photo provided to chinadaily.com.cn] Japanese carmaker Nissan is to empower its vehicles with Chinese technology company Baidu’s expertise in generative artificial intelligence, according to a memorandum they two signed on Thursday. Nissan and Baidu … Continue reading Nissan teams up with Baidu on generative AI