This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Like what you see? You can subscribe here. The big story China is taking a lean and mean approach to artificial intelligence as the tech rivalry with the U.S. intensifies. In the…
Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker’s stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBC Xpeng plans to launch its mass-market Mona series in overseas markets next year in a move that will boost competition with its Chinese rivals and established automakers…
HEFEI, CHINA – MAY 25: Chinese EV maker Nio officially launches refreshed versions of its ET5 sedan on May 25, 2025 in Hefei, Anhui Province of China. Nio officially launched the updated ET5 sedan and ET5T wagon, with an unchanged starting price but bringing multiple feature upgrades. (Photo by Zhang Dagang/VCG via Getty Images) Vcg…
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty Images Shares Japan’s SoftBank Group plunged as much as 9.2% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight. The tech-focused investment firm saw shares drop…
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images China’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing. While other major Chinese electric…
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them…
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war…
