Nissan’s Chinese sales dropped by 16% last year while Honda’s were down about 10% in the world’s biggest auto market

China wheeled out its economic heavyweights on Wednesday to reassure citizens and investors about its economic strategies for the year ahead. They gave far more detail on Beijing's plans.

The chairman of Zhejiang Huayou Cobalt said over-investment in the industry had led to "severe overcapacity" and caused "significant declines" in industry utilisation

Premium electric vehicle brand IM Motors has raised more than 8 billion yuan ($1.1 billion) in its Series B round of equity financing. The money will be used on 'smart car' models and technologies

The world’s two biggest EV-makers have been locked in a drawn-out and brutal price war in China since the beginning of last year

BMW plans to build a battery factory for electric vehicles in Rayong, on Thailand's eastern seaboard this year, to take advantage of Thai government incentives for local battery makers

Auto industry lobbyists say firms like China’s BYD are benefiting from the North American free trade agreement at the expense of domestic carmakers

Beijing says it is willing to work with Brussels despite rising tensions over China’s state support for its car and green tech industries

Chinese carmaker is doing a study on building a factory in Mexico, which would export cheap EVs to the US; other plants are also opening or planned in Thailand, Hungary and Brazil

China has invited top car and battery makers to a new research body to try to develop a world-class battery, that bolsters its transition to electric and new energy vehicles

JSW, which has set up a joint venture with MG Motor India (owned by China's SAIC), said it has signed an MoU on setting up an electric vehicle and EV battery manufacturing plants in two cities

China's passenger vehicle sales also sank by 14% in a slow start for 2024, while in Japan Honda and Toyota both upgraded their earnings