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
Tag: sales
Tesla cutting jobs worldwide, which includes leading markets
Customers examine a Model Y at a Tesla store in Jinan, Shandong province, in March 2023. [TANG KE/FOR CHINA DAILY] Tesla’s global job cuts include reducing staff in the United States and China — the automaker’s two biggest markets — across sales, tech and engineering, five sources briefed on the matter said. CEO Elon Musk … Continue reading Tesla cutting jobs worldwide, which includes leading markets
VW to grow China sales to 4 million units in 2030
A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. [Photo provided to chinadaily.com.cn] Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker’s “second home market”. The 2030 sales goal, which was announced on … Continue reading VW to grow China sales to 4 million units in 2030
Two China and US leading cloud-based solution providers join forces
The launching ceremony of Cloopen and Genesys for The Partner Cloud in China in Beijing on April 23, 2024. [Photo provided to chinadaily.com.cn] Cloopen, a leading cloud-based communications solution provider in China and Genesys China, a US cloud-based solutions provider, kicked off a partnership named The Partner Cloud in China on Tuesday. Under the partnership, … Continue reading Two China and US leading cloud-based solution providers join forces
Calls for policy to grow country’s vehicle sales
Members of the public visit an auto expo in Dongying, Shandong province, on April 11. [LIU ZHIFENG/FOR CHINA DAILY] China’s top auto trade association is calling for favorable government policies to stimulate sales, saying domestic demand for new vehicles is one of the most important issues to be addressed this year. “We hope that the … Continue reading Calls for policy to grow country’s vehicle sales
Competitive growth from China propels Danone in first quarter
The logo of Danone. [Photo/VCG] Leading food and beverage company Danone announces its first quarter results of 2024, with consolidated sales standing at 6.8 billion euros ($7.2 billion), up 4.1 percent on a like-for-like basis, led by China’s sustained competitive growth in all categories. In the first quarter, China, North Asia & Oceania region achieved … Continue reading Competitive growth from China propels Danone in first quarter
Huawei’s Pura 70 smartphones go on sale
Huawei’s logo. [Photo/VCG] Huawei Technologies Co officially kicked off the sales of its much-anticipated Pura 70 series on Thursday morning, which is widely seen as the key to further reviving its smartphones business in China Pura 70 series is widely expected to generate enthusiasm among consumers in China, and may see a sales boom similar … Continue reading Huawei’s Pura 70 smartphones go on sale
Car sales accelerate in March
Employees inspect new energy vehicles on the assembly line of Li Auto’s workshop in Changzhou, Jiangsu province, in December. [CHEN WEI/FOR CHINA DAILY] Many carmakers saw their March sales rise in China, fueled by the popularity of new energy vehicles and amid fierce competition that analysts expect to continue throughout the year. BYD reclaimed its … Continue reading Car sales accelerate in March
China uses tax reverse charge to promote recycling
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] China’s State Taxation Administration said on Wednesday that it will offer reverse charge — a tax mechanism that allows buyer, instead of seller, to declare and pay tax to government — for recycling companies by the end of … Continue reading China uses tax reverse charge to promote recycling
GAC Group announces share repurchase plan
Workers assemble GAC Aion new energy vehicles at a plant in Guangzhou, Guangdong province, in July. [Photo/Xinhua] GAC Group, one of the major automobile manufacturers based in Guangzhou, Guangdong province, announced for the first time its intention to repurchase A-shares and H-shares worth 500 million yuan ($69.15 million) to 1 billion yuan, according to the … Continue reading GAC Group announces share repurchase plan