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The China Association of Automobile Manufacturers expects that this year, car sales in China will be at last year's level of 28 million 100 thousand cars. Of this number, sales of passenger cars will amount to 23,700,000 units, which will also repeat the indicator of 2018. According to experts of the Association, in 2019, the number of cars on new energy sources will be sold in the amount of 1.6 million cars, which is 27% more than last year. Despite the fact that in 2018 in China, a fall in car sales by 2.8% was recorded, the country has retained the status of the largest automobile market in the world for the 10th consecutive year. Its share was about 30.6%. In the first four months of 2019, car sales in the country decreased by 12.1%, while their production volumes decreased by 11%.
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
KYC Policy