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Volkswagen and its Chinese partner agreed to sell their test sites in Turpan, Xinjiang and Anting, Shanghai to Shanghai Motor Vehicle Inspection Certification (SMVIC), a subsidiary of Shanghai Lingang Development Group, Reuters reported. Upon completion of the sale, Volkswagen will no longer have a presence in Xinjiang.In additi...
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Hong Kong Chief Executive John Lee said this morning (27th) that the Hong Kong government is fully committed to promoting the development of the new energy vehicle (NEV) industry to inject momentum into China's high-quality development.Hong Kong has become one of the fastest regions globally in adopting electric vehicles (EV...
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There was HKD867.5 million, HKD739 million and HKD393.2 million Southbound Trading net inflow to TRACKER FUND (02800.HK), BABA-W (09988.HK) and CHINA MOBILE (00941.HK).For Southbound Trading of Shanghai-Hong Kong Stock Connect, TRACKER FUND (02800.HK) was the most active stock with highest net inflow of HKD558.1 million, while T...
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Haitong Securities wrote in its research report that ZHONGSHENG HLDG (00881.HK) is a leading automotive dealer in China, with sales in 1H24 growing nearly 4% YoY to 233,000 vehicles. As of the end of June, the company had 419 dealerships across China, including 269 luxury brand and 150 mid-to-high-end brand dealerships.Looking a...
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Negotiations between the EU and China on electric vehicle (EV) tariffs are ongoing, including an alternative of setting a minimum price for Chinese EVs, but no results are expected in the short term, Reuters reported, citing EU officials as saying. The officials also noted that talks are still underway, but there are hurdles in ...
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