Vehicles for export are parked at a port in Lianyungang, Jiangsu province, in October. [WANG CHUN/FOR CHINA DAILY] China expected to surpass Japan and South Korea to become the world’s largest auto exporter in the future, the People’s Daily reported on Tuesday, citing an expert. China’s auto export has seen robust growth in the past… Continue reading China’s auto export industry climbing to the top
Author: China Daily Online News
Car manufacturers worldwide continue to post record profits: EY
Employees of China FAW Group work on an assembly line at a factory in Changchun, Jilin province, in September. [Photo/China Daily] BERLIN – In the third quarter (Q3) of 2022, international automotive companies increased their operating profit by 28 percent year-on-year, consulting firm Ernst & Young (EY) said in a study published on Monday. Both… Continue reading Car manufacturers worldwide continue to post record profits: EY
US tiremaker Goodyear optimistic about China market
Goodyear’s total investment in its Dalian plant in Liaoning province has reached over $1.6 billion. [Photo provided to chinadaily.com.cn] China is one of Goodyear’s most valuable markets and the company will make continuous investment in the country, said an executive at the company based in Ohio, the United States. “Despite the impact of the COVID-19… Continue reading US tiremaker Goodyear optimistic about China market
Tesla to recall almost 13,000 Model 3 vehicles in China
Tesla showcases its models at the 2022 China International Fair for Trade in Services. [Photo provided to chinadaily.com.cn] BEIJING – Electric carmaker Tesla has started to recall 12,863 Model 3 vehicles in China due to potential safety risk of seat belt. The recall covers 2,736 imported vehicles produced between Jan 12, 2019 and Nov 22,… Continue reading Tesla to recall almost 13,000 Model 3 vehicles in China
China’s tourism market gains new momentum
Vacationers enjoy their time at a recreational vehicle (RV) campsite outside the city of Yichang, Hubei province, in May 2021. [PHOTO/CHINA DAILY] CHANGSHA – Wang Tao recently drove a recreational vehicle (RV) from his hometown in the southwestern Chinese city Kunming to Zhangjiajie, a famous tourist city in central China’s Hunan province, realizing one of… Continue reading China’s tourism market gains new momentum
Chinese carmakers eye more European sales with high quality EVs
Export-bound new energy vehicles line up in Shanghai Port. [Photo by SHEN CHUNCHEN/FOR CHINA DAILY] Chinese electric vehicle makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features, Reuters reported on Monday. In the last few… Continue reading Chinese carmakers eye more European sales with high quality EVs
China’s NEV exports rise on supply chain strengths, policy incentives
Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. [Photo by Wang Chun/For China Daily] BEIJING – A container train loaded with 93 new-energy vehicles (NEV) pulled into the Ningbo-Zhoushan port in East China’s Zhejiang province on Thursday. The event completed the assembly of a batch of 402 NEVs to be sent to Europe via… Continue reading China’s NEV exports rise on supply chain strengths, policy incentives
Chip shortages expected to linger for another year, says Bosch executive
Xu Daquan, executive vice-president of Bosch China. [Photo/bosch.com.cn] The chip shortage will affect the auto industry until 2023 as many of Bosch’s chip suppliers cannot meet procurement demands, said Xu Daquan, executive vice-president of Bosch China. As one of the biggest auto parts suppliers worldwide, Bosch provides intelligent driving solutions for carmakers, including chassis control systems.… Continue reading Chip shortages expected to linger for another year, says Bosch executive
Beijing grants autonomous driving permits to robotaxis
A driverless vehicle developed by Baidu Inc runs through Shougang Park in Shijingshan district, Beijing. [Photo provided to China Daily] Beijing granted the latest autonomous driving permits to two robotaxi operators-Baidu Inc and Pony.ai- on Tuesday which, for the first time, allows the removal of a safety operator from the front seat on public roads… Continue reading Beijing grants autonomous driving permits to robotaxis
Voyah raises 5 billion yuan in latest funding round
A ceremony is held on Sept 26, 2022 to celebrate Voyah’s shipment of vehicles to Norway. [Photo provided to chinadaily.com.cn] Dongfeng’s premium new energy vehicle marque Voyah said on Friday that it has raised around 5 billion yuan ($701.50 million) in its series A fundraising round. State-owned carmaker Dongfeng holds a 78.88 percent stake in… Continue reading Voyah raises 5 billion yuan in latest funding round