A makeover for 700 million euros: Volkswagen acquired a five percent stake in the Chinese EV manufacturer Xpeng last year. In late July, Volkswagen announced how far the collaboration will go. From 2026, all VW cars on the Chinese market will use the jointly developed CEA electronics architecture. With the help of the young company, […]
The interest in moving and working in China for a while has been felt by considerably fewer foreigners since Covid than in years past. This makes it difficult for some German companies in China to recruit the skilled labor they need. Others, especially smaller companies, have long focussed on local employees. This is because they […]
Due to extreme rainfall and severe flooding, economic losses caused by natural disasters in China almost doubled in July compared to the previous year. According to the Ministry of Emergency Management, losses amounted to the equivalent of almost 10 billion euros, with 88 percent caused by heavy rainfall, flooding or their effects.It is the highest […]
The Human Horizons Group, the EV manufacturer behind the luxury brand HiPhi, has filed for pre-bankruptcy restructuring. The company ceased production in February after only around 9,000 vehicles had reportedly been sold.HiPhi was founded in 2017 by former Shanghai General Motors General Manager Ding Lei and launched three premium car models, including the SUV HiPhi […]
The Chinese Ministry of Commerce has filed a complaint with the World Trade Organization (WTO) regarding the EU’s countervailing duties on Chinese electric cars. According to a spokesperson for the Ministry, the EU’s provisional decision lacks a factual and legal basis and seriously violates WTO rules. It would also undermine global cooperation on climate change.“We […]
While harvesting the gorgon fruit looks like a painting when viewed from above, it is hard work. To get to the pea-sized seeds, the large, leathery water lily leaves must first be folded aside. A spiky capsule containing the seeds is then waiting underneath in the water. The gorgon fruit is said to be rich […]
HP intends to shift over 50 percent of its PC production away from China, as reported by Nikkei Asia. The US company aims to produce up to 70 percent of its notebooks outside of China in the future. HP is the second-largest PC manufacturer, after Lenovo.The decision is prompted by geopolitical risks. HP is reportedly […]
All developments leading up to the US presidential election are being closely monitored in Beijing. The stance of Donald Trump and his running mate J.D. Vance on China is clear: China is “the real enemy of the USA,” Vance said shortly after his appointment. But what about the newly chosen running mate of Kamala Harris, […]
Evergrande Auto, the automotive arm of China Evergrande Group, has laid off all remaining employees, according to reports from Car News China. Most of these were contract workers with over a year left on their contracts. The company had already halted production at the end of last year and reduced its workforce from 6,000 to […]
China’s exports grew by seven percent in July compared to the same month last year, according to new data released on Wednesday. In June, exports had increased by 8.6 percent. Economists surveyed by Reuters had actually predicted a further acceleration to 9.7 percent for July. Imports rose by 7.2 percent, after a 2.3 percent decline […]