China emerged as one of the world’s top car exporters in 2023, powered by its massive push for electric vehicles. Buoyed by years of heavy government investments, subsidies, and manufacturing rebates, Chinese automakers have flooded overseas markets as global EV demand continues to rise.
In Q4 2023, China ’s BYD even outsold Tesla in sales volume for the first time.
Amid the advent of Chinese brands like NIO and Xpeng, the European Union launched an anti-subsidy investigation into China’s EV trade practices in late 2023. The move prompted swift retaliation from China, sparking concerns about a trade war. Are we witnessing the end of made-in-China? Or is this the beginning of profound shifts in China towards green tech, high tech, and a more service-oriented economy?
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chipmakers searching for ‘China plus one’ are finding MalaysiaUS, European companies looking to diversify from China are expanding around South-east Asia
Read more »
Phillip Capital, China Universal debut China ETF on SGXpstrongIt had a launch size of $69m/strong/p pExchange-traded funds (ETFs) that track China equities in the Singapore Exchange have risen to 10 with the addition of Phillip-China Universal MSCI China A 50 Connect ETF./p pThe 10 ETFs have a combined asset under management of more than $2.1b.
Read more »
New Zealand raises South China Sea, Taiwan tensions with China during Foreign Minister’s visitMr Wang Yi met his NZ counterpart Winston Peters in person for the first time on March 18.
Read more »
Philippines says 3 soldiers hurt by China water cannon attack in South China SeaMANILA — Three Philippine troops were injured in the latest China Coast Guard water cannon attack on a Filipino supply vessel near a South China Sea reef, Manila's national security adviser said on Sunday (March 24).
Read more »
China vows to safeguard its territorial integrity after South China Sea incidentBEIJING: China's defence ministry warned the Philippines against "provocative" actions and said on Sunday (Mar 24) that the country would safeguard its territorial sovereignty, a day after an incident in
Read more »
China vows to safeguard its territorial integrity after South China Sea incidentThe remarks come a day after an incident in disputed waters in the South China Sea.
Read more »