Chinas
China’s EV boom saddles its auto insurers with losses
[BEIJING] China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviours.The country...
Global carmakers race to beat China’s rare earths deadline
[LONDON/BERLIN] Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures.Rare...
Stellantis, China’s Pony AI to test robotaxis in Europe
[HONG KONG] Stellantis plans to team up with Chinese robotaxi operator Pony AI to start testing autonomous vans in Luxembourg. The agreement involves a battery-powered minivan as the initial fleet...
China’s Sany Heavy Industry seeking up to HK$12.4 billion in HK listing
[BENGALURU] Sany Heavy Industry is seeking to raise as much as HK$12.4 billion (S$2.1 billion) through its Hong Kong listing, a filing showed on Monday (Oct 20), as the...
Temasek-led consortium makes offer to delist China’s ANE in Hong Kong
The consortium is working with advisers on the take-private proposal, but the negotiations have been challenging[SINGAPORE/HONG KONG] ANE (Cayman) said on Friday (Oct 17) it received a conditional take-private...
US blasts China’s rare earths curbs, urges Beijing not to implement them
The two sides have maintained lower tariffs and continued Chinese rare earth flows under a delicate, six-month truce that has been repeatedly extended for 90 days at a time[WASHINGTON]...
Xiaomi driver death adds to China’s push for new EV door designs
With China being the world’s biggest car market, global carmakers may need to redesign models to fall in with the rules China draws up for its domestic market [HONG...
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi[SHANGHAI/BEIJING] China’s major state-owned banks ramped up US dollar buying in the...
