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1 month ago | 
caixinglobal.com | Yu Cong |Denise Jia
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Neta Auto, the Chinese electric vehicle (EV) startup, is teetering on the brink of collapse after a funding crisis brought production to a standstill and triggered mass layoffs, leaving its parent company scrambling for a financial lifeline amid rising debt.
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1 month ago | 
caixinglobal.com | Yu Cong |Denise Jia
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
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1 month ago | 
caixinglobal.com | Yu Cong |Denise Jia
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Mercedes-Benz China confirmed Thursday that it is implementing business adjustments, including layoffs, to improve operational efficiency in a challenging and changing market.
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Jan 10, 2025 | 
caixinglobal.com | Du Zhihang |Yu Cong |Han Wei
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For SenseTime, one of China’s foremost artificial intelligence (AI) pioneers, a strategic overhaul has become essential amid rapidly changing market trends and intensifying competition.
Two years after OpenAI set off a global ChatGPT frenzy, the Shanghai-based leader in facial recognition technology is charting a new course.
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Jan 10, 2025 | 
caixinglobal.com | Yu Cong |Liu Peilin |Ding Yi
Explore the story in 3 minutes[para. 1] Initially, venture capitalists (VCs) were eager to invest in Chinese companies developing fully autonomous vehicles, aspiring to establish internationally recognized Chinese brands in smart car technology. However, since mid-2022, their enthusiasm has waned due to significant challenges hindering advanced self-driving technology's commercialization.
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Jan 8, 2025 | 
caixinglobal.com | Fan Qianchan |Yu Cong |Xia Yining |Denise Jia
China is increasing its efforts to boost economic activity in 2025 with expanded subsidies for equipment upgrades and consumer product trade-ins, backed by a central government allocation of 810 billion yuan ($111 billion).
The new measures aim to stimulate spending and modernize industries, building on the success of similar initiatives in 2024.
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Dec 10, 2024 | 
caixinglobal.com | An Limin |Zhai Shaohui |Yu Cong |Ding Yi
Explore the story in 3 minutesChina's auto exporters are currently navigating a significant moment as Western powers, especially the European Union (EU), impose new trade barriers to protect their markets from an influx of Chinese electric vehicles (EVs) [para. 1]. In October, the European Commission approved additional tariffs on Chinese battery-electric vehicles (BEVs) following a yearlong investigation that determined Chinese automakers benefited from unfair state subsidies [para. 2][para. 3].
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Dec 10, 2024 | 
caixinglobal.com | An Limin |Zhai Shaohui |Yu Cong |Ding Yi
Explore the story in 3 minutesChina's automotive exporters, particularly in the electric vehicle (EV) sector, are facing significant challenges as Western nations implement tariffs to protect their markets. The European Commission has finalized additional tariffs ranging from 7.8% to 35.3% on battery-electric vehicles (BEVs) from China, attributing this to unfair advantages from state subsidies.
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Nov 21, 2024 | 
caixinglobal.com | Yu Cong |Elise Mak
Explore the story in 3 minutesBMW and other German luxury brands Mercedes-Benz and Audi once held significant sway in the Chinese luxury car market, where the BMW badge alone was enough to sway buyers away from less expensive local options. However, emerging domestic competitors like BYD have begun to challenge these foreign brands by bringing cheaper yet feature-rich models to the market[para. 1][para. 2][para. 3][para. 4][para. 5].
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Nov 21, 2024 | 
caixinglobal.com | Yu Cong |Elise Mak
Explore the story in 3 minutesBMW and other German luxury brands Mercedes-Benz and Audi once held significant sway in the Chinese luxury car market, where the BMW badge alone was enough to sway buyers away from less expensive local options. However, emerging domestic competitors like BYD have begun to challenge these foreign brands by bringing cheaper yet feature-rich models to the market[para. 1][para. 2][para. 3][para. 4][para. 5].
