The feel-good factor from China’s reopening theme continues to fuel a rally as the Hang Seng index reaches the highest level in six months. Even so, there is still ‘significant upside’ to equities, Goldman Sachs says.
Author: South China Morning Post
China’s EV market to see slower growth as consumers hold off on big-ticket items
China’s once booming electric vehicle (EV) market is set to see slower growth in 2023 as Beijing phases out cash subsidies and consumers avoid big-ticket items over concerns about the economy.
William Li says EV ‘trend is irreversible’ as Nio unveils two SUVs
With the EC7, a sport utility vehicle (SUV), and the ES8, a full-size SUV, Nio aims to take on premium petrol cars made by German marques such as BMW and Mercedes-Benz.
China’s EV battery makers will exceed domestic demand threefold in 2025
China’s EV battery industry must look abroad for customers as it will soon have far more capacity than domestic car makers need, according to a report in a newspaper run by the State Council.
