Tesla's stock plummeted after Elon Musk's decision to halt car production in China amid slower EV sales growth and increased competition. Analysts warn that overcoming the downfall will be challenging without new Tesla models.
Tags: China
China's Xi Jinping Meets American CEOs to Woo Back Foreign Investors, Mend Strained Relations With US
China's President Xi Jinping met with more than a dozen American CEOs and academics on Wednesday in an effort to mend strained relations with the US.
Warren Buffett-Backed BYD Profit Surged 80% in the Year China's EV Giant Overtook Tesla
China's BYD, backed by Warren Buffett's Berkshire Hathaway, has announced a profit increase of over 80% in its first set of annual earnings after stealing Tesla's crown as the world's top seller of electric vehicles (EVs).
Chinese Businessman Sentenced to Death by Hanging for Killing His Nigerian Girlfriend Who Was Trying to Leave Him
A Chinese businessman was sentenced to death for the murder of his girlfriend two years ago in Nigeria.
China Accuses Joe Biden of Discrimination Over Electric Vehicle Policies
China filed a WTO complaint against the Biden Administration, alleging discriminatory electric vehicle subsidy practices due to recent U.S. policy changes disqualifying tax credits for Chinese-sourced components.
Latest News
In response to the US House passing a TikTok ban bill and amid fears of Chinese retaliation, China has initiated measures to exclude US-manufactured microprocessors, particularly from Intel and AMD.
After Evergrande was accused of $78 billion fraud, Chinese authorities are investigating accounting giant PwC.
Gucci's anticipated 20% sales drop in the first quarter of 2024, attributed to an Asia slowdown, prompts parent company Kering to revamp management and introduce new collections.
Gold prices surged to a new all-time high on Thursday, and experts predict they will rise further. Gold prices surged to a new all-time high on Thursday, signaling a continued rally driven by some factors, such as increased bullion buying by central banks.
Many Chinese semiconductor companies associated with Huawei are reportedly being considered for blacklisting by the Biden administration.
Apple CEO Tim Cook arrives in Shanghai ahead of a new retail store opening and decreasing iPhone sales.
A Canadian citizen based in China has been arrested in the United States for allegedly stealing the trade secrets of Tesla and conspiring to sell them to undercover police.
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Capchem Technology, a Chinese firm linked to China's military-industrial complex, plans to expand in the US with battery chemical plants in Ohio and Louisiana, sparking national security concerns.
