The automotive industry in China in 2024 is characterized by increasing internal competition with intense "price wars" due to the rising share of new energy vehicle (NEV) sales and declining gasoline vehicle sales. Major firms like SAIC Motor and BYD are experiencing shifts in market leadership, with NEVs gaining market penetration and traditional fuel vehicle companies facing sales declines and profitability issues. Chinese automakers are actively pursuing overseas expansion amidst external challenges, such as heavy tariffs in Europe, while autonomous driving technology transitions to "end-to-end" architectures.

Geely Auto CEO says export surge is driven by expansion into emerging markets

Proton’s modestly priced e.MAS model will be rolling off the production line by the end of 2025

After two years chasing EV-maker BYD, the legacy car manufacturer took the lead in January, selling more than 210,000 vehicles including around 65,000 electric cars

The automaker is banking that the cachet of its luxury models and potential tie-ups with the luxury goods giant will help it avoid the same stock market fate as its rivals

Chinese automaker is partnering with local firm Proton to release a new compact EV in Malaysia, while building a base to house facilities for R&D and manufacturing

Troubled Chinese EV startup was once seen as a rival of Nio and XPeng and was valued at $5.7 billion with backing from Baidu and Tencent

Ji Yue, set to roll out its first car in the fourth quarter, is the latest development in a two-year-old partnership between the companies

French and Chinese automakers ink deal to cut costs on hybrid and internal combustion engine vehicles

Aerofugia reports beginning of type certification by civil aviation authorities as competition for flying cars heats up

Beijing calls on the U.S. to investigate multiple balloon incursions over China. Experts quash fears of a greater chance of China quake after Turkey

Valuation jumps to $13 billion with new backing from CATL, Mobileye tycoon Amnon Shashua and three state-affiliated funds

WM Motor is slashing management pay in half and trimming a third from staff wage packets as a part of a broader belt-tightening, Caixin learned

Seven-year-old automaker flounders as contemporary rivals Nio, Xpeng and Li gain traction in China’s hotly competitive market

Zeekr’s first model rolled off the production line in October last year. Deliveries of the vehicle, which retail at 335,000 yuan, have topped 45,000 so far

Two Tencent vice presidents quit, Silicon wafer startup raises $672 million

Geely unit Geespace has nine satellites circling the planet and expects to raise the number to 72 by the end of 2025