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British automaker Jaguar Land Rover, owned by Indian Tata Motors, announced its plans to begin production of electric cars in China. As the president of the joint venture with Chery Automobile, Murray Ditsch, said in an interview with Bloomberg, the company intends to fully use its facilities in China. Jaguar Land Rover in partnership with Chery Automobile already produces a crossover Jaguar E-Pace in China with a gasoline engine. The biggest automobile companies of the world are fighting for the Chinese market of electric vehicles, which is the largest in the world. Volkswagen intends to create 5 new models for the Chinese market by 2022. Daimler will invest 655 million euros in the production of Mercedes cars with an electric motor. Tesla also announced plans to open production in China.
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 ...
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 ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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