Page 2 - Chinese Firms

Hedging Chinese EV makers get costly with imminent tariffs from EU

After the US said in May it was planning to nearly quadruple tariffs, the European Union this month notified companies including BYD and Geely it will slap levies

Japan imposes trade curbs on Chinese firms for backing Ukraine war

The new sanctions also target firms in India, Kazakhstan, and Uzbekistan

2 Chinese firms progress in producing high bandwidth memory for AI chipsets

CXMT and other Chinese chip firms have also been holding regular meetings with South Korean and Japanese semiconductor equipment firms to buy tools to develop HBM, said two of the people

US tariff hike on Chinese goods: Experts fear China may dump EV, batteries

India also has a policy in place that requires the government's approval to allow FDI proposals from countries sharing land borders, such as China

EVs pile up at European ports as Chinese firms struggle to find buyers

Chinese makers will have to contend with buyer wariness, a lack of brand image, trade protectionism and rapid outdatedness

TikTok owner ByteDance would rather shut down app in US than sell it

US President Joe Biden signs bill that would ban TikTok if its parent company ByteDance did not divest the app within 270 days

Will continue to invest in tie-ups with Chinese firms, says Mercedes-Benz

China is 'the most dynamic new energy vehicle market', country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show

Electric cars, digital connectivity dominate at Beijing auto show

Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Electric vehicles accounted for about a quarter of all auto sales in China last year. Hybrids, which have trailed EVs, are expected to be a growing segment going forward. China's largest EV maker, BYD, showed off two dual-mode plug-in cars that can run either solely on electricity or as hybrids. The other is a hybrid off-road SUV from its luxury Yangwang brand in the 1 million Yuan-plus (USD 1,40,000) range. China's EVs, represented by (BYD's) Qin and Han series, have successfully realized the large-scale replacement of traditio

Chinese EV manufacturers may be excluded from India's policy concessions

India will continue to allow imports of Chinese BYD vehicles but will not be extending investment opportunities

Not happy? Do not come to work: Chinese firm introduces 'unhappy leave' for employees

BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study

Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday

Capacity expansion to drive margins for Jindal Steel & Power stock

JSPL projects a capex allocation ranging between Rs 7,500-10,000 crore annually for the next three-year period

Xiaomi launches new AI-enhanced, photo-geared 14 Series smartphone

Xiaomi last year was placed third globally for share of the smartphone market, accounting for 12.5% of global shipments, behind leader Apple at 20.1% and Samsung in second with 19.4% market share

Alibaba looks for partners in West Asia as Beijing deepens Gulf ties

Alibaba is trying to stage a comeback after years of government punishment and strategic missteps that cost the e-commerce operator its place as leader of the country's tech industry

Asian stocks drop after 6-day winning streak; Chinese shares decline

A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd

Chinese brand Transsion rings a bell in India's smartphone market

In 2023 (CY23), Shenzhen-based Transsion won 8.6 per cent of the Indian smartphone market, according to data from Counterpoint Research

ED seizes Rs 1.3 cr in 19 raids on China-backed fintech firms in India

Earlier search operations had resulted in the recovery of incriminating documents and assets totalling Rs 19.43 crore

China top exporter of finished steel to India in April-Sept: Govt data

The Indian steel industry has sought government intervention through safeguards against Chinese imports

For Indian solar manufacturers battling Chinese threat, PLI brings hope

The pursuit of market share by Indian solar manufacturers amid Chinese threat is stuck in a dark tunnel. Is PLI the light at the end?

Chinese giant BYD prepares $1 bn bet to build EVs, batteries in India

The company previously said it planned to set up manufacturing in India, now the world's third-largest car market