Automundo China

China’s electric vehicle industry is starting to look a lot like a re-run of the property sector’s disaster that has weighed down its economy for more than four years.

The firm's boss pointed to the "challenging period" faced by the industry as a reason for the layoffs.

UBTech’s shift from industrial robots to home companions marks a bold move in China’s AI-powered race to care for the elderly.

Also in today’s newsletter, Singapore’s ‘scamdemic’, and Trump media group plans to raise $3bn to spend on crypto

(Bloomberg) -- El fabricante sueco de automóviles Volvo Car AB planea eliminar alrededor del 7% de su plantilla global para reducir costos, contrarrestar menor demanda y proteger sus ganancias.La medida afectará a unos 3.000 puestos de trabajo, incluidos 1.000 consultores, según informó Volvo el lunes. El fabricante emplea a unas 43.800 personas, más de la mitad de ellas en Suecia.Volvo incurrirá en costos de reestructuración de hasta 1.500 millones de coronas suecas (US$140 millones), lo que af

Shares in Chinese electric vehicle (EV) makers tumbled on Monday, despite surging interest from UK buyers and a fresh round of price cuts from industry titan BYD

BYD has triggered another EV price war in China by slashing the price of several models, sending the stocks of...

The Chinese market leader BYD is offering considerable discounts on models from the Dynasty and Ocean series in its home market as part of a promotion until

Chinese electric vehicle manufacturers are lowering prices amidst intense competition, while simultaneously experiencing a significant increase in consumer interest and sales in the United Kingdom, which is also developing its own EV industry strategy.