Detlev von Platen, a member of the executive board of Porsche for sales and marketing. [Photo/China Daily] Luxury is not something that comes quickly as it involves credibility, said a senior executive of German sports carmaker Porsche. “One word for defining luxury is credibility, which means ‘are you authentic to what you are saying’. This … Continue reading Porsche stays steadfast amid rise of startups
Tag: market
Brands from across world flex NEV muscle on stage
BYD’s Fang Cheng Bao showcases the Super 9 concept model at the 2024 Beijing auto show. [LI FUSHENG/CHINA DAILY] After a four-year hiatus, the Beijing auto show returns with a flurry of new products, particularly new energy vehicles, presented by global automakers, who aim to solidify their position in the world’s most competitive and largest … Continue reading Brands from across world flex NEV muscle on stage
China’s smartphone market grows 6.5% in Q1
Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. [Photo by Wang Gang/For China Daily] China’s smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by … Continue reading China’s smartphone market grows 6.5% in Q1
Suzano upbeat about growth potential in Chinese market
Brazil-based pulp producer Suzano exhibits its products and solutions at the 6th China International Import Expo in Shanghai in November. CHINA DAILY Brazil-based world’s leading pulp producer Suzano is confident about the growth prospects of the Chinese market and has introduced a trial trade of its products in renminbi in order to strike deep roots in … Continue reading Suzano upbeat about growth potential in Chinese market
InnoCare Pharma Limited expects multiple drug products to reach approval
The logo of InnoCare Pharma Limited. [Photo/VCG] InnoCare Pharma Limited, a Hong Kong-listed Chinese biopharma company, said that at least five of the company’s innovative drug products are expected to get approved and enter the market in three to four years. Also, up to four of such new drug products will enter the international market, … Continue reading InnoCare Pharma Limited expects multiple drug products to reach approval
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
China’s smartphone market grows 6.5% in Q1
Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. [Photo by Wang Gang/For China Daily] China’s smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by … Continue reading China’s smartphone market grows 6.5% in Q1
VW partners with Xpeng to develop EV architecture
Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. [Photo by Li Fusheng/chinadaily.com.cn] Volkswagen AG said on Wednesday it is codeveloping an electrical/electronic architecture with Chinese startup Xpeng in an effort to improve its competitive edge in China’s heated EV market. The architecture, which will be available in 2026, … Continue reading VW partners with Xpeng to develop EV architecture
Technology innovation key to steady economic growth
Engineers operate the tunnel boring machine to begin construction of the Suzhou East Tunnel in Suzhou, Jiangsu province. LIU FUCHANG/FOR CHINA DAILY After China’s GDP grew 5.2 percent last year and 5.3 percent year-on-year in the first quarter, it is expected to continue to expand at a relatively high rate over the long run. Endowed … Continue reading Technology innovation key to steady economic growth