Page 2 - Eric Han News Today

Electrification seems inevitable for the automotive industry at this moment. And the trend is becoming visible for Hot Wheels cars, too.

Chinese electric-car builder Nio has signed a deal to license its technology to Forseven, a unit of Abu Dhabi government fund CYVN Holdings, in the latest sign of China’s increasing influence in the global electric vehicle (EV) industry, reports the South China Morning Post. Shanghai-based Nio, via its subsidiary Nio Technology (Anhui), allows Forseven, an…

The car starts at just over US$11,000, lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla.

She also says that TikTok’s day-to-day management and business decisions came directly from China.

China’s retail sales are expected to climb 5.5 per cent in 2024, one percentage point lower than the estimated 6.5 per cent in 2023, as consumers rein in their spending, according to the Swiss bank.

Chinese electric vehicle (EV) start-up Hozon New Energy Automobile expects its sales outside mainland China to jump five-fold in 2024 as the country's increasingly confident carmakers look to international sales to counter slowing growth at home. The Shanghai-based maker of Neta-branded cars, aims to deliver a total 100,000 units in 60 overseas markets this year, mainly in Southeast Asia, as it starts operations of assembly plants in Thailand and Indonesia, according to vice-president Zhou ...

The Shanghai-based maker of Neta-branded cars aims to deliver 100,000 units in 60 overseas markets this year, mainly in Southeast Asia.

The Shanghai-based carmaker said the ET9, an executive sedan with a host of cutting-edge technologies it has developed, will be priced at about US$112,151, and is expected in the first quarter of 2025.

The decline resulted from deflationary pressure on the Chinese economy as sluggish domestic demand continued to plague the consumer market, said Eric Han, a…

MLCommons said the results highlight performance gains of up to 2.8X compared to 5 months ago and 49X over the first results five years ago, [...]