The Tiggo 8L SUV launched by Chery on Aug 8 in Chengdu, Sichuan province. The company has debuted on the latest Fortune Global 500 list. CAO YINGYING/CHINA DAILY Chinese automakers have a strong presence in Fortune Magazine’s list of the top 500 global companies with several rapidly ascending in the rankings, showcasing the influence of … Continue reading Domestic automakers climb Fortune rankings
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German, Japanese cars lead in residual value
Visitors inspect a Toyota Prado SUV at the 2024 Beijing auto show in April. [CAO YINGYING/CHINA DAILY] German and Japanese vehicles excel in their residual value, followed by Chinese ones, according to a report released last week on the used vehicle market in the first half of the year. After three years of use, vehicles … Continue reading German, Japanese cars lead in residual value
Top Chinese lidar sensor manufacturer suing US Department of Defense
Visitors check out Hesai’s products during a high-tech exhibition in Shanghai. [Provided to China Daily] Hesai Group, a prominent Chinese lidar sensor manufacturer, is suing the US Department of Defense for including it on a blacklist of companies that are allegedly linked to the Chinese military. The Shanghai-based company said its addition to the so-called … Continue reading Top Chinese lidar sensor manufacturer suing US Department of Defense