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The report of the China Association of Automobile Manufacturers showed that in February China sold 1.2 million passenger cars, which is 17% more than in the same month a year earlier. The association notes a decline in the past eight months. At the same time, cars on new energy sources in February were sold by 53% more than a year earlier, helped by stimulating demand measures by the government of the PRC. This figure reached 49 thousand cars. The share of such cars in the Chinese market was 4%, an increase from 1.7% in February 2018. According to the China Passenger Car Association, the auto retail sales rate in the country fell by 18.5% in February. Its decline is observed for the ninth months in a row.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy