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...The first of the two China-specific models will be a sport utility vehicle, the German carmaker said on Thursday....
...On Monday, after a month-long journey from Shenzhen, Chinese-made cars began rolling off BYD’s Explorer No 1 into a German port for the first time....
...In another example, Shenzhen-based Appotronics, which provides laser projectors for nearly half of China’s cinemas, will supply BMW with laser technology for some of the German group’s latest in-car displays...
...A clutch of start-ups, including Hong Kong’s GRST and Oregon-based OnTo Technology, as well as larger companies such as German chemicals giant BASF, are working on a water-based technology seen as a commercially...
...Indicators: German is set to release its producer price index for July. The High Pay Centre is expected to publish its annual review of pay for chief executives of FTSE 100 companies....
...“The Germans will be far worse off from this than the French,” said one executive at a German automotive supplier....
...Last month, Xpeng sold a 5 per cent stake to German car giant Volkswagen for $700mn as part of a deal to jointly develop two Volkswagen-badged EV models for the Chinese market by 2026....
...German carmakers, in particular, have enjoyed a strong position in China’s car market but have recently come under pressure from the explosion in EV sales from domestic producers....
...Shares in Chinese carmakers jumped on Thursday after German auto giant Volkswagen announced a surprise tie-up with local rival XPeng in an attempt to boost its presence in the Asian nation’s highly competitive...
...VW’s increased investments in China also come as Berlin raises concerns over how reliant many German companies are on Beijing for profits amid rising geopolitical tensions....
...Additional reporting by Gloria Li in Hong Kong and Peter Campbell in London...
...Volkswagen has flown several senior executives to the show, as the German carmaker tries to arrest falling market share in the region that is its largest profit contributor....
...German carmaker BMW issued an apology for “sloppy internal management” after being accused of discrimination at the Shanghai auto show over giving out free ice creams....
...The company, backed by US investor Warren Buffett, has been name-checked by former Volkswagen chief executive Herbert Diess as the carmaker that the German juggernaut should fear the most....
...For the German group, which has relied on Chinese consumers for at least half of its annual net profits, the Hefei centre is a key part of a plan to reduce the time needed to develop new products and technologies...
...Around the corner, a clutch of suited Italians and a German family milled in the lobby of the five-star Cheval Blanc hotel, where rooms start at about €2,200 a night and staff said occupancy was running...
...German groups were down 21 per cent, Japanese companies declined 40 per cent, Korean automakers slid 25 per cent and US carmakers fell 13 per cent....
...The German government will hand Intel €10bn in subsidies for a project to build a fabrication plant in Magdeburg....
...Additional reporting by Gloria Li in Hong Kong...
...The antecedent of Apollo Future Mobility is German sports car manufacturer Gumpert, which filed for bankruptcy in 2012 and was bought by a Hong Kong-based investment firm in 2015....
...Additional reporting by Gloria Li in Beijing and Laura Dubois in Strasbourg...
...The company last month started producing cells from its German battery facility, its first outside China, which will be followed by a huge 100GWh plant in Hungary....
...The starter prices for the EQE model, the EQS model and its luxury edition — the AMG EQS 53 model — sold in China will be reduced by Rmb50,000 ($7,000), Rmb204,600 and Rmb198,600, respectively, the German...
...with controllable personalities are considered a safer option by companies as Beijing cracks down on human celebrities deemed politically outspoken or with questionable morals, writes the Financial Times’ Gloria...
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