The German automaker is also planning to roll out two new models as part of its tie-up with Chinese firm Xpeng

China says excess capacity claim is groundless and should be viewed from a global perspective and that its trade in key green sectors is based on innovation and complete supply lines

Chinese firms have ordered 47 ships, including car carriers, to cut export costs. Meanwhile, idle car factories are being shut amid huge industry changes; only two local carmakers out of about 100 are now said to be profitable

Chinese EV sales totalled 1.03 million in the first quarter of the year but it was the slowest quarterly growth since the second quarter of 2023

The joint venture with EV maker GAC Aion has been licensed to make a self-driving SUV which it plans to roll out next year

US Treasury chief winds up talks with China's financial leaders; she also warned that Chinese banks could face sanctions if linked to arms deals that aid Russia's war in Ukraine

The US treasury secretary held talks with the Chinese premier during an 80-minute-long meeting in Beijing as part of her week-long trip to China

The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000

China's factory production is more than the global market can bear, Yellen said in meetings on Friday at the start of her six-day visit to China

The Geely-owned premium EV outfit postponed the listing in November following disagreements over its valuation and amid volatile market conditions

The electric-vehicle maker will focus its hunt on Indian states with automotive hubs such as Maharashtra, Gujarat and Tamil Nadu

The smartphone firm’s stock soared as much as 16% despite warnings it will lose nearly $10,000 on every SU7 car it sells this year