Porsche AG’s sales in China slumped for the fourth straight year in 2025, dropping to 42,000 units—less than half the 96,000 vehicles the German luxury carmaker delivered at its 2022 peak, reports Caixin. The carmaker is struggling with what its China chief called a “perfect storm” of economic strain and intensified domestic competition. Alexander Pollich, president […]
Category: Autos
Passenger vehicle sales in China plunged 28% year-on-year in the first 18 days of January, reports Caixin. This comes as policy support faded and new taxes dampened consumer sentiment. Retail passenger car sales slid to 679,000 units from January 1 to 18, according to figures released Wednesday by the China Passenger Car Association (CPCA). New-energy vehicles […]
General Motors (GM) is moving production of a China-built Buick SUV to the US, reports Reuters. This comes as it seeks to expand US factory work in the wake of the Trump administration’s tariffs. The Detroit automaker said Thursday it is ending China production of the Buick Envision, a midsize SUV that it has been importing to […]
China could see its first flying car begin carrying paying passengers in 2026, reports the South China Morning Post. This comes as government backing and a growing pipeline of electric vertical take-off and landing (eVTOL) vehicle makers push the country’s “low-altitude economy” closer to commercial reality. Seven eVTOL manufacturers were expected to start delivering products before the end […]
The Chinese government has formalized the legal framework for recycling new-energy vehicle (NEV) batteries, reports Caixin. The mandate places the primary responsibility for recovering waste power cells on automakers as the industry braces for a surge in battery retirements. Under the new regulation, set to take effect on 1 April, NEV manufacturers are required to establish […]