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China is the world’s largest manufacturer in terms of output and gained a reputation as the “world’s factory” shortly after its accession to the World Trade Organisation (WTO) in 2001. Lured by cheap labour, China’s new commitment to opening up its economy, and low tariff access to Western markets, all due to its WTO entry, foreign firms and investors rushed to do business in the world’s most populous country in the new millennium. Aided by state investment, China has since become a world leader in the manufacture of steel, car parts, chemical fertilisers, technology, robotics.
German envoy to China says disputes over ‘overcapacity’ in new-energy products need not come at expense of cooperation with West to find global solutions
- The funding will help set up a pilot line in Europe that will develop and test future generations of advanced semiconductors
- The EU launched the Chips Act last year to support semiconductor manufacturing in Europe, a counterbalance to plans by China and the US
The tsunami of new-energy manufacturing flooding the industry is not the first time a wave of Chinese goods has forced institutional upheavals and left foreign firms with little room to compete.
Tesla’s closest rival in China’s EV market reported a major setback in the first quarter, after earnings and deliveries slumped from the preceding three months. Margins eroded amid price discounting.
China’s leading EV makers are taking longer to settle payments with suppliers, indicating stress in the industry because of slowing sales and mounting discounts.
Gotion’s G-Current lithium-ion-phosphate battery offers a driving range of nearly 500km in under 10 minutes of charging. Deliveries are expected to start in 20025 when a new plant is ready.
Licensing of Xpeng’s technologies will allow the EV maker to further its research and development efforts and maintain its technological edge, vice-chairman and president Brian Gu says.
State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.
An analysis from TechInsights has found 33 China-sourced components in the standard Pura 70 handset, compared with five sourced from overseas.
German industrial engineering firms reported a negative outlook for their China business in a recent survey, with weak demand and overcapacity most frequently mentioned as the cause for their low confidence.
A former Belgian envoy to the EU says China is not intentionally manufacturing overcapacity to undercut Western competitors.
China’s property investment fall accelerated in the first four months of the year, while retail sales growth slowed in April, data released on Friday showed.
France is Xpeng’s tenth European market and comes after launches in Spain and Portugal last month. It will market the G9 and G6 SUVs and will also set up a sales and service network with local distributors.
Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.
A new book on China’s tech regulations and economic governance assesses the impact of perceived overreaching in the market, with far-reaching effects flagged by professor Angela Zhang.
Nio has launched a new electric vehicle brand – Onvo – targeted at China’s cost-conscious middle-income consumers amid fierce competition in the world’s largest EV market.
Chinese smartphone maker Xiaomi has become the country’s eighth-largest EV upstart after selling more than 7,000 units of its SU7 sedan in April, according to industry data.
A carbon trading system that promotes tighter supply and higher prices can induce China’s cement makers to undertake costly investment, Ian Riley of World Cement Association says.
This development lends credence to Apple chief executive Tim Cook’s assurance that the Vision Pro will be released this year on the mainland.
Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?
Fresh US tariffs targeting China’s new-energy sector are imminent, threatening to thwart export efforts aimed at alleviating a market oversupply.
With its narrowbody C919 flying regular routes and orders pouring in, China has already started design work on the next generation of its domestically produced commercial aircraft – the C939.
The US is expected to triple its domestic chip-making capacity by 2032 and dwarf China’s output in advanced integrated circuits, according to a report published by a semiconductor trade group.
As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
