Internet stocks were also lower in Hong Kong following Friday’s downdraft in US-listed shares as investors reacted to new regulations affecting after-school tutoring companies such as TAL Education.
China Tech Digest: Xiaomi s Smart Factory To Be Completed By 2023; HK Plans To Limit Personal Cryptocurrency Exchanges – China Money Network chinamoneynetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinamoneynetwork.com Daily Mail and Mail on Sunday newspapers.
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Upmarket car brand co-created by Changan and Huawei will be launched this month
The upmarket new energy car brand (temporarily named AB brand) jointly created by Changan Auto, Huawei and CATL will be unveiled soon. Tan Benhong, executive vice president of Changan Auto, stated that Changan New Energy and AB Auto are two independent companies with different product brands and product differentiations. The AB brand will develop independently, conduct market-oriented operations independently, integrate strategic partner resources, and have an independent listing plan.
Volkswagen will further expand investment in China and increase R&D in the field of EV
Yu Jianhua, Vice Minister of Commerce and China International Trade Representative, met with Stephan Wöllenstein, chairman of German Chamber of Commerce in China and CEO of Volkswagen Group China. They exchanged views on the development of Volkswagen’s business in China and personnel exchanges between China and Germany. Mr.
Online retail sales grew 27.6% year to date (YTD), while jewelry sales rose 48.3%, as highlighted by our friends at Jing Daily who track Chinese luxury goods consumption, restaurant spending grew 46.4%, and construction materials grew 30.8%, while office supplies increased only 6.7%.
By Bennett Oghifo
A ll-new Changan Hunter pick-up jointly built by Changan Auto and Groupe PSA,the second largest car manufacturer in Europe, has debuted in Nigeria.
Also launched are two trims of eye-catching Changan Mini buses targeted at meeting the needs of commercial transporters as well small and medium Enterprises (SMEs) and logistic concerns.
A Chinese truck with strong European DNA, the Hunter midsize pickup and its mini bus siblings premiered in Lagos on Saturday in the presence of newsmen from the leading Nigerian mainstream and online media.
Speaking at the launch, Stallion Motors’ Head of Sale and Marketing, Vijay Singh, said the launch was aimed at serving the Nigerian business community and Government Sectors with vehicles that combine quality , ruggedness with affordability.