Financial Associated Press, August 19 - Toyota plans to cut global auto production in September by 40% from the original plan.

China New Energy Commercial Vehicles Market - Growth, Electrification Trend And Forecasts

As the market for new energy vehicles continues to surge in most major economies, the competition has become fierce in the field of new energy passenger cars. However,a specific type of vehicle, commercial vehicles, including buses and trucks, is still a blue ocean market, with plenty of opportunities. The commercial vehicle industry is still in its early stage in pursuing electrification, and there is a lot of room to explore different technological routes.

China's BYD Net Income Jumps Nearly 446% in 2022 Amid Stronger NEV Sales Growth

Chinese automaker BYD released its annual report for 2022 on the evening of March 28th, reporting a revenue of CNY 424.06 billion, a staggering YoY growth of 96.20%. The company stated that the strong growth in NEV sales effectively alleviated the cost pressure brought by the rising prices of upstream raw materials, leading to a substantial increase in profitability.

LiangDao and Deutsche Telekom Enter Into a Strategic Partnership

Recently, LiangDao, a global technology-leading lidar system supplier, announced a strategic cooperation with Deutsche Telekom on smart city data management to promote the digital development of cities.

CATL, BAIC Sign Deal to Jointly Develop Battery Products

On March 13, CATL signed a strategic partnership agreement with BAIC Group. As part of the agreement, CATL will have a significant role in the development and production of BAIC vehicles, and will supply them with high-quality batteries and related services.

Manufacturing Glass for the Automobile Industry: Fuyao Group

You may remember Fuyao from the 2019 Netflix documentary, 'American Factory.' While the documentary lays out the story of the Chinese company’s foray into America based on social issues, here you will find out about the business side.