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
Tag: automotive
German carmakers upbeat on China market, green push
The roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive is held in Shenyang, Liaoning province, on May 8. [Photo/Xinhua] SHENYANG — A BMW i5 electric car rolled off the assembly line on May 8 in Northeast China’s Shenyang, capital of Liaoning province, marking the 6 millionth car produced by BMW Group’s … Continue reading German carmakers upbeat on China market, green push
Covestro sanguine on prospects
A sign of Covestro is seen at an expo held in Shanghai, 2022. [Photo/VCG] About 75 percent of Covestro AG’s planned investment in the Asia-Pacific region will be directed to China over the next three years, said the CEO of the German manufacturer of polymers and high-performance plastics. Without revealing the specific investment figure, Markus … Continue reading Covestro sanguine on prospects
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
Samsung commits to expanding presence in Chinese market
South Korean tech company Samsung Electronics showcases its vehicle-mounted products and solutions at the 2024 Beijing International Automotive Exhibition. [Photo provided to chinadaily.com.cn] South Korean technology company Samsung Electronics Co Ltd said it will continue to expand in the Chinese market, bolster the updating and iteration of vehicle-mounted technologies, and improve intelligent driving experience in … Continue reading Samsung commits to expanding presence in Chinese market
Chinese electric vehicles see more sales in developing countries
Marelli’s booth at the 2024 Beijing International Automotive Exhibition. [Photo/Marelli website] Developing countries have more potential to increase their adoption of Chinese-made electric vehicles once they expand their associated infrastructure in the years ahead, said a senior foreign business leader. Speaking at its booth during the ongoing 2024 Beijing International Automotive Exhibition, David Slump, president … Continue reading Chinese electric vehicles see more sales in developing countries
Tencent unveils smart mobility system for automakers
Dowson Tong, Tencent’s senior executive vice-president and CEO of Tencent’s cloud and smart industries group. [Photo provided to chinadaily.com.cn] Chinese internet company Tencent Holdings launched its large model for vehicles on Wednesday. The company said it has offered its autonomous driving cloud solutions to companies such as Mercedes-Benz, Bosch, Nvidia and Nio. Tencent, which reiterated … Continue reading Tencent unveils smart mobility system for automakers