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

US-based fund to up investment, client focus

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] US-based global investment firm Wellington Management will expand its investment and client coverage in China, a senior executive said, betting on the numerous opportunities in the Chinese market. “As we navigate through a potential new … Continue reading US-based fund to up investment, client focus