China opens auto show under anti-disease controls

Beijing: Ford, Nissan and BMW unveiled new electric models for the Chinese market on Saturday as the Beijing auto show opened under anti-virus controls that included holding news conferences by international video link. Automakers are looking to China, the first major economy to start recovering from the coronavirus pandemic, to drive sales growth and reverse […]

US imposes restrictions on exports to China’s top chipmaker

Washington: The US imposed export restrictions on Semiconductor Manufacturing International Corp., taking aim at another prominent Chinese technology company and adding to tensions between the two countries over the critical industry. US firms must now apply for a license to export certain products to China’s largest chipmaker, the Commerce Dept. said in letter dated Sept. […]

Abu Dhabi Ports acquires MICCO Logistics

Abu Dhabi: ADQ owned Abu Dhabi Ports on Sunday announced its acquisition of MICCO Logistics, expanding its own logistics portfolio as the group looks to drive the emirate’s growth as key hub for international trade. “We are collaborating with Abu Dhabi Ports to transform its logistics arm into one of the largest, most capable and […]

Tesla’s nemesis in China is a tiny $5,000 EV from GM

Known globally for its trucks and muscle cars, General Motors Co. has scored a surprise hit in China with its local partners: a petite electric vehicle that sells for less than $5,000. The Hongguang MINI EV, made by SAIC-GM-Wuling Automobile Co., is currently the hottest EV in China, the world’s biggest automobile market. Sales of […]

China’s industrial profits grow for fourth straight month

Shanghai: Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday. China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound. See more More residential options […]