More than half of US companies operating in China say they have delayed or cut investments as they evaluate their options, with staff less willing – or simply refusing – to shift to China
Li Auto, which gets 80% of its EV parts from Shanghai and the Yangtze River Delta, was hit hardest while Xpeng in far away Guangzhou fared the best.
China EV makers Nio, Great Wall and Hozon are among manufacturers based outside of Shanghai that are being hammered by shortages of parts.
The unheralded electric vehicle maker has seen a sales rise that now puts it shoulder to shoulder with the likes of Nio
Supply-chain disruptions, rocketing inputs costs, and the partial removal of government subsidies for China EV manufacturers have driven a stock market selloff
Chinese electric car maker Hozon startled EV industry watchers by growing sales of its affordable electric SUVs more than fourfold, outpacing competitors XPeng, Nio and Tesla.
Asia Financial's China Electric Vehicles Index, which tracks 14 leading electric car makers, slumped 13% in March and is down 26% so far this year.
Three-quarters of US companies in China told an AmCham survey that multiple issues from fickle policy changes to slow progress on market access forced them to put investments on hold
China's higher-than-expected growth target, still the lowest in more than three decades, indicates plans for more fiscal and monetary policy easing to bolster expansion.
A China institute that advises the nation's top leaders says Western sanctions will end up hurting the US and Europe more than Russia itself.
Despite the ongoing trade war with the US and global supply chains damaged by Covid-19, China’s international trade flow has continued to grow
The national team's most famous stock market intervention came in 2015, when state funds invested $158 billion to stabilize the market after a rout triggered by a shock yuan devaluation.