The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday.
Eno Qian, who runs a clothing factory in eastern China, says she makes a 20 yuan ($2.74) profit for every item she sells abroad and only a tenth of that on domestic sales, making a shift to the local market “not viable” for her tariff-hit business.
Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will be used to drive overseas sales for Hongqi, an emerging national champion, executives from both companies said.
CK Hutchison said on Monday it was in talks with a consortium pursuing its $22.8 billion ports business to add a Chinese “major strategic investor” to the bid, after Beijing flagged a probe into the deal amid heightened Sino-U.S. tension.