Category: Business
South Africa’s Naspers Denies Rumors It Plans to Dump Tencent Shares
South African tech investment firm Naspers denied rumors that it is in talks with the Chinese state-owned investment company CITIC to sell its $70 billion stake in the Chinese tech behemoth Tencent. The Cape Town-based company issued a statement ...
Chinese Automakers Look to Developing Countries to Boost Sales and Production
The war in Ukraine opened new production opportunities for Chinese automakers in Central Asia, while growing demand in Latin America and South Asia for SUVs and EVs has sparked a new sales push in those regions by some of China's largest car brands:
Global South Aids China’s Rise to Number 2 Global Car Exporter
China surpassed Germany to become the world’s second-largest car exporter, after Japan. New numbers from the China Association of Automobile Manufacturers show that China moved up from the number three position it reached last year by displacing South Korea.
Apple’s Plan to Shift More Manufacturing From China to Elsewhere in Asia Takes Shape
Since the beginning of the year, there's been a steady drip of news coming from Apple about its plans to gradually end its decades-long reliance on China to manufacture the bulk of the company's products. First, there was word that
With Sales Slowing at Home, Chinese EV Giant BYD Looks to New Markets in the Global South
September sales of New Energy Vehicles (NEVs) in China increased at the slowest pace in five months, providing fresh hints that relentless COVID lockdowns and a slowing Chinese economy may be taking a toll on the Chinese consumer. ...
Chinese Consumer Preferences Now Influencing Ford’s SUV Sales in Other Global South Markets
The new Ford Territory SUV crossover that will go on sale next year in Mexico will feature styling and interior features that were conceived for Chinese consumers. The Territory is the product of Ford's Chinese joint venture with state-owned Jiangling Motors Corporation. The two jointly designed the ...
African Consumers Still Want Huawei Smartphones Even Without Google’s Services
When Huawei was added to the U.S. entities list in August 2020 that blocked the Chinese telecom giant from using American technology on its smartphones, most notably Google's Android operating system, many commentators wrote obituaries for the company's once-dominant handset business.
While More U.S. Companies Are Moving Production From China to India, Ford is Heading in The Other Direction
Apple is one of a growing number of international companies moving quickly to diversify its manufacturing operations away from China to other countries in Asia, particularly India. In fact, the Cupertino-based tech company announced this week that in just five months, ...
Chinese Gold Miner in Zimbabwe Faces Labor Abuse Allegations — Again
A Chinese mining company in Zimbabwe is under fire for labor abuses. Workers at Odzi Resources Zimbabwe’s gold mine in the Mutare district accuse managers of violence and say operations often breach local laws. They say they have long worked without protective gear, ...
China and the Race to Dominate EV Battery Supply Chains
A new movement is underway in the U.S. to strip China out of the global supply chain for electric vehicle batteries -- everything from the extraction of the minerals and metals to the processing of those resources to make the battery ...
Chinese Car Brands Pulling Ahead in South Africa
Chinese car brands like Chery and Haval are outselling traditional favorites like Mercedes Benz and Ford in the South African market. Both brands sold more than a thousand cars in July, far beyond Western competitors. Read more on the News24 ...
Thai Electric Vehicle Subsidy Draws Chinese Giant
The Chinese electric vehicle giant BYD will set up its first production facility in Thailand. The move is expected to put pressure on other manufacturers who are also foregrounding Thai business due to a coming government subsidy expected to boost ...