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BYD electric cars waiting to be loaded onto a ship for export at Taicang Port in Suzhou. AFP Cici Cao and agencies The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 percent at the end of its highest-profile trade investigation that has divided Europe and prompted […]
BYD is the most prominent EV manufacturer in China. (AP pic) BEIJING: Chinese electric vehicle giant BYD reported surging sales today, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances. The EV and battery giant is a leading player in recent efforts by Chinese automotive firms […]
30-10-2024 07:00 Chinese companies are making advances in driverless car technology. In China, they issued 16,000 licenses to test autonomous vehicles on many roads. Big companies like Baidu and WeRide tested their cars in California and got valuable data to improve their technology. But in 2024, the US proposed a ban on Chinese and Russian […]
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Welcome to Foreign Policy’s China Brief. The highlights this week: Chinese authorities ease a ban on private tutoring amid a broader tech regulatory pullback, Chinese migration into the United States through the Darién Gap slows down, and Chinese authorities crack down on Halloween in big cities. Sign up to receive China Brief in your inbox every Tuesday. […]
Chinese car giant Geely will now face an extra duty of 18.8% in the EU. (AP pic) BRUSSELS: The EU today decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support to local manufacturers was unfair. The extra taxes have been controversial, with strong opposition from Germany and Hungary […]
Polestar has more than a few issues with the proposed rule, according to its public comment. For one, the definition is too broad and “creates crippling uncertainty for businesses.” A better-defined list would be helpful here, it says. Polestar also says that “if a large portion of manufacturing or software development is occurring outside of […]
Extra duties on imports of electric vehicles from China are due to enter into force on Thursday. Photo: STR / AFP/FileSource: AFP The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support to local manufacturers was unfair. The extra taxes have been controversial, with strong […]
ByteDance’s Zhang Yiming Becomes the First Self-Made Chinese Billionaire Born in the ’80s – Pandaily
On Tuesday, the Hurun Research Institute released the 2024 Rich List. 1,094 entrepreneurs with personal wealth above 5 billion yuan made it onto this year’s Hurun Rich List, a decrease of 12% (147 people) from last year. The total wealth of the listed entrepreneurs is 21 trillion yuan, down 10% from last year. The number […]
WASHINGTON — The Southern Baptist Ethics & Religious Liberty Commission (ERLC) has urged the U.S. government to intercede for the American families and Chinese orphans caught in limbo by the end of China’s international adoption program. In an Oct. 24th letter to U.S. Secretary of State Antony Blinken, ERLC President Brent Leatherwood asked Blinken to […]