The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province on May 15. [TANG KE/FOR CHINA DAILY] Chinese carmakers and the country’s leading auto association have expressed opposition to the EU’s latest draft plan on charging extra duties on China-made EVs but said they remain committed to exploring European markets. In July, … Continue reading Automakers pushing back against European Union’s plan for tariffs
Tag: plan
JD approves $5b share buyback plan
A logo of Chinese e-commerce giant JD. [Photo/IC] Chinese e-commerce giant JD announced on Tuesday night that it has approved plans to repurchase up to $5 billion of shares from September 2024 through the end of August 2027, a move industry insiders said will shore up investor sentiment and market confidence. The share buyback plan … Continue reading JD approves $5b share buyback plan