Toyota showcases its electric car at the second China International Import Expo in November. [Photo by Li Fusheng/China Daily] Toyota Motor forecast a 20 percent profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings. Despite the leaner forecast, the results … Continue reading Investments forecast to hit profits at Toyota
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Crisis or opportunity: traditional automakers in EV race
A BYD vehicle on display during an expo in Paris, France. [Photo/Xinhua] Editor’s note: The following article is the result of joint efforts of the Beijing Municipal People’s Government Consultation Office and the Cloud River Urban Research Institute. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like … Continue reading Crisis or opportunity: traditional automakers in EV race
US restrictions on chips to backfire, experts warn
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] The US restrictions on the export of purely civilian semiconductor products to China and cutting supplies to specific Chinese companies are typical economic coercion practices, which not only violate WTO rules … Continue reading US restrictions on chips to backfire, experts warn
New semi-solid batteries unveiled in 16th China Battery Fair
[Photo provided to China Daily] At the recently concluded 16th China International Battery Fair (CIBF 2024), a series of new semi-solid batteries were unveiled to the public for the first time, marking a significant breakthrough in the sector. Shenzhen-based BAK Power Battery Co Ltd, the developer of the semi-solid batteries, said its products not only … Continue reading New semi-solid batteries unveiled in 16th China Battery Fair
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
Asian stocks enter dividend epoch
[Photo/Sipa] The phrase “iron rooster” traces its origins back to the Qing Dynasty (1644-1911) as a critique of those who do not easily open their wallets. Fast forward several hundred years and the insult has been repurposed by Chinese officials and media over the past few years as criticism of listed corporates which dish out … Continue reading Asian stocks enter dividend epoch
Xiaomi CEO: 5,781 SU7 delivered in 28 days
Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. [Photo/VCG] Xiaomi has delivered 5,781 units of Xiaomi SU7 since the model was released 28 days ago, announced Lei Jun, founder and CEO of Xiaomi Corp during the 2024 (18th) Beijing International Automotive Exhibition in … Continue reading Xiaomi CEO: 5,781 SU7 delivered in 28 days
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
China’s gold consumption rises 5.94% in Q1
A shopper (right) tries on a gold bracelet at a jewelry shop in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s gold consumption rose 5.94 percent in the first quarter of 2024 from a year earlier, thanks to surging demand for safe havens, China Gold Association said on Friday. Consumption of the precious metal by the world’s … Continue reading China’s gold consumption rises 5.94% in Q1
China oil company sees strong production and profits this quarter
CNOOC booth at an expo held in Shanghai on June 9, 2021. [Photo/VCG] CNOOC Limited achieved strong growth in both net production and net profit during the first quarter of this year, the company said on Thursday. The company recorded a total net production of 180.1 million barrels of oil equivalent, representing an increase of … Continue reading China oil company sees strong production and profits this quarter