EVs Are Slowly Taking Over the Tiny World of Hot Wheels
Electrification seems inevitable for the automotive industry at this moment. And the trend is becoming visible for Hot Wheels cars, too.
Source: autoevolution.com
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Nio to license technology to Middle East start-up
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…
Source: chinaeconomicreview.com
China's BYD launches cheaper plug-in hybrid EV to lure customers away from petrol-powered rivals by Volkswagen, Toyota
The car starts at just over US$11,000, lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla.
Source: scmp.com
Former top TikTok executive sues over discrimination that allegedly includes requiring women to 'remain quiet and humble at all times'
She also says that TikTok’s day-to-day management and business decisions came directly from China.
Source: fortune.com
China's retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS
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.
Source: scmp.com