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BYD’s first chartered cargo ship has set sail as the carmaker ramps up exports of its electric vehicles, reports Caixin. The BYD Explorer No. 1, capable of carrying 7,000 cars, is bound for Europe after making a stop in the Chinese port of Yantai and soon Shenzhen. The ship is managed by Zodiac Maritime Ltd. […]

A rapid surge in the rollout of renewable energy last year has put the world within reaching distance of a goal to triple global capacity by 2030, the International Energy Agency said, after China drove a 50% increase, reports the Financial Times. But the UN-agreed target as part of a package of measures remains far off […]

China Resources Land, a state-controlled developer, reported its slowest gain in sales since at least 2015, as the nation’s housing market extended a slump with buyers worried about defaults among the weakest home builders, reports the South China Morning Post. Rental properties helped shore up revenue. The firm sold RMB 307 billion ($42.7 billion) worth of […]

Apple supplier BOE Technology Group, one of the world’s largest display makers, will set up a RMB 63 billion ($9 billion) next-generation production complex in Chengdu, capital of southwestern Sichuan province, that is expected to bolster mainland China’s lead in display manufacturing capacity over the next few years, reports the South China Morning Post. The Chengdu […]

Xpeng Aeroht will start taking orders for its flying car late this year, the subsidiary of Chinese electric vehicle maker Xpeng Motors said, with deliveries to start in late 2025, reports Nikkei Asia. Xpeng’s vehicle was just one of the flying vehicles on display at the CES consumer tech show in Las Vegas, though the […]