China

Volkswagen Group joins forces with XPeng to co-develop EVs for Chinese market

Dinesh Modi 3 August 2023
Volkswagen Group joins forces with XPeng to co-develop EVs for Chinese market

German automotive manufacturer Volkswagen Group has confirmed that it is going to invest hundreds of millions of dollars in China’s XPeng Motors Company Limited for joint effort to manufacture EVs

Tesla’s all-electric Cyberquad ATV for Kids available in China

Keshav Mehta 27 July 2023
Tesla’s all-electric Cyberquad ATV for Kids available in China

American multinational automotive giant Tesla Motors has announced that its all-electric Cyberquad for Kids ATV (All-Terrain Vehicle) is available in China.

Mitsubishi officially exits from China following sharp decline in sales

Keshav Seth 25 July 2023
Mitsubishi officially exits from China following sharp decline in sales

Japanese automobile manufacturer Mitsubishi Motors has officially announced that it has pulled out of the Chinese market following a steep decline in sales.

Chinese carmaker NIO reduces prices of all models by $4,200

Keshav Mehta 17 June 2023
Chinese carmaker NIO reduces prices of all models by $4,200

Chinese automobile manufacturer NIO Incorporated has confirmed that it has decided to trim down the prices of its by more than $4,000 across the board to boost sales.

India and China accounted for 80% of Russian Oil Exports: IEA

Rajvir Khanna 16 June 2023
India and China accounted for 80% of Russian Oil Exports: IEA

India and China have emerged as main buyers for Russian crude oil after European Union put a ban on import of Russian oil.

Chinese car brand BYD enjoys nearly 100% jump in plug-in car sales in April 2023

Divesh Sharma 26 May 2023
Chinese car brand BYD enjoys nearly 100% jump in plug-in car sales in April 2023

BYD Limited, a publicly listed Chinese company headquartered in the Shenzhen area of Guangdong, enjoyed an impressive jump of around 100 per cent in its plug-in car sales in April 2023.

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