Ford once had high hopes for the Mustang Mach-E in China, setting up a separate company to run the business. Now, the US carmaker is scaling back its ambitions in the business.
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Two people have died, cars have been swept away by floodwaters and streets have become rivers.
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Toyota lists multiple moves, including renaming its R&D base in China, consolidating R&D resources at three joint ventures, and betting on autonomous driving technology.
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The HiPhi Y is HiPhi's key effort to enter the mainstream premium EV market, targeting the segment where the Nio ES6 is present.
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After today's rally, Evergrande NEV stock is still down about 45 percent from before trading resumed.
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The Audi e-tron GT is powered by dual motors and can sprint from 0 to 100 km/h in 4.1 seconds with a WLTP range of 488 km.
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BMW will be fully prepared for the future adaptation and application of L3 autonomous driving features in China in accordance with local regulatory requirements, it said.
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Evergrande NEV earns RMB 130 million in 2022 from its main operations, well below RMB 2.5 billion in 2022 and RMB 15.5 billion in 2020.
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Through Volkswagen's partnership with Xpeng and Audi's with SAIC, Volkswagen is strengthening its position in the Chinese auto market, the German auto giant said.
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July is traditionally a slow season for the auto market, with hot weather restricting consumers from visiting stores, the CPCA said.
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