When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
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Geely Starts Assembly in Indonesia as the U.S. and EU Tariffs Rise
Geely, the Chinese carmaker, has begun knock-down (KD) assembly in Indonesia through its unit Geely Auto Indonesia. The work is taking place at a plant in West Java. The company says building locally will shorten delivery times for Indonesian buyers. ...
Malaysia Opens First EV Plant with Backing from China’s Geely
Malaysia’s Proton launched its first electric vehicle assembly plant on Thursday with backing from China’s Zhejiang Geely Holding Group. The country aims to position itself as a regional hub for EV production. The facility is located in the Automotive High-Tech ...
Chinese Car Exports to Mexico and UAE Surge
China’s three top markets for automotive exports saw different outcomes in the first half of the year. New data released by the Chinese auto tracker Yiche showed that exports to Mexico surged by 31%, largely due to the popularity of affordable BYD models like the Seagull.
WEEK IN REVIEW: Wang Yi Meets Over 50 African Envoys on Africa Day
Brazilian prosecutors announced they are suing the Chinese carmaker BYD and two of its contractors for slave-like labor conditions. Prosecutors in Bahia state are seeking about $50 million in damages from BYD, China JinJiang Construction Brazil, and Tecmonta Equipamentos Inteligentes. The suit follows a complaint last year that ...
Geely is the Latest Chinese Auto Major to Enter the Vietnamese Market
Geely joins a rapidly growing number of Chinese auto brands targeting Vietnam's growing middle class. The Chinese automaker officially unveiled three new models, both gas and electric-powered, at a launch event in Hanoi last week. The company is also planning to ...
Israeli Media Examines Trade and Tech Relations with China
We present again an excerpt from our forthcoming report on Israeli media coverage of China in 2024. This section showcases an overview of Israeli commentators’ perspectives on trade and technological relations with China. As noted in the excerpt ...
WEEK IN REVIEW: Trump Claims Call With Xi, But Beijing Doesn’t Confirm
Two of China’s state-owned automakers may merge, creating the world’s largest carmaker by sales and eclipsing the current champion BYD. Dongfeng Motor Group and Chongqing Changan Automobile indicated in filings that their ownership structures may change, sparking rumors of a possible merger. Such a move could target overcapacity ...
WEEK IN REVIEW: Shein, Chinese Fast Fashion Giant Returns to India After Five-Year Ban
China has joined countries around the world in rejecting U.S. President Donald Trump’s plan to “take over” Gaza and force the displacement of Palestinians to other countries. China "has always believed that 'the Palestinians governing Palestine' is the fundamental principle for postwar governance in Gaza," said Foreign Ministry ...
Chinese EVs are Reshaping the International Landscape
The Biden administration on Monday announced a ban on Chinese-made software and hardware that connect electric vehicles to the outside world. It includes a range of cameras and sensors and the software driving them. It also includes a ban on Chinese-made autonomous driving software.
Chinese EV Makers Are Rushing to Set Up Operations in Thailand
Two of China's largest automakers, Changan and Geely, both announced new plans to set up manufacturing and sales operations in Thailand for their new line of electric vehicles. Geely's EV unit AION announced plans to build a $170 million factory in ...
Chinese Auto Major Geely Eyes Thailand to Build Regional Manufacturing and Sales Hub
Chinese auto major Geely, the country's fourth largest, is weighing a major expansion in Southeast Asia with the creation of a sales and manufacturing hub in Thailand. Thailand's Board of Investment met with five major Chinese EV makers, including Geely, during ...
BYD Chairman Discuss Manuacturing, Sales Expansion With Vietnam’s Deputy Prime Minister
The chairman of the world's largest electric vehicle company, China's BYD, met with Vietnam's Deputy Prime Minister Trần Hồng Hà in Hanoi late last week to discuss the company's plans to expand in the Southeast Asian country. BYD announced plans to build ...