The announcement underscores the threat to European and U.S. automakers posed by Chinese electric-vehicle manufacturers.
Category: China
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How China Is Profiting From Trade With Russia
The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
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Chinese Traders and Moroccan Ports: How Russia Flouts Global Tech Bans
Using specialized e-commerce sites, secretive shipping workarounds and a constellation of middlemen, Russia has obtained the tech components it needs to keep its economy and war in Ukraine going.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
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Lawmakers Call for Raising Tariffs and Severing Economic Ties With China
A bipartisan congressional report recommended revoking permanent normal trade relations with Beijing.
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Why Volkswagen Is Hiring 3,000 Engineers in China
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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China’s Electric Car Factories Are Facing a Worker Shortage
China misjudged the rapid expansion of its electric vehicle sector, leaving a shortfall of skilled technicians as young people shun manufacturing careers.