Tag: april

Horizon Robotics revving up smart vehicle ops

Visitors gather at the booth of Horizon Robotics during an automobile expo in Shanghai in April 2023. [Photo/China Daily] Horizon Robotics, a Chinese provider of intelligent driving technologies to major automakers like Volkswagen and BYD, is stepping up its push to tap into the burgeoning market for intelligent vehicles. “We strive to empower every passenger … Continue reading Horizon Robotics revving up smart vehicle ops

Country continues to be attractive for MNCs

Mercedes-Benz Group unveils its G-Class electric offroad vehicle at the 2024 Beijing International Automotive Exhibition in Beijing in April. [Photo/Xinhua] BEIJING — China is becoming even more attractive to foreign investors, as the latest figures from the Ministry of Commerce showed that the number of newly established foreign-invested firms in the country hit 12,000 in … Continue reading Country continues to be attractive for MNCs

German auto executives repeat opposition to European Union’s probe

Oliver Zipse, chairman of BMW’s board of management, at the 2024 Beijing auto show, April 25. [Photo/VCG] Executives of German carmakers as well as the German car association are repeating their opposition as the European Union threatens to impose punitive duties on China-made electric vehicles as early as July. Oliver Zipse, chairman of BMW’s board … Continue reading German auto executives repeat opposition to European Union’s probe

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

Mood toward NEV stocks brightens

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. [Photo/VCG] Listed Chinese new energy vehicle makers can look forward to their stocks performing well in capital market on the back of their robust production and sales numbers, which will be further boosted by the country’s supportive … Continue reading Mood toward NEV stocks brightens

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