logo
Chinese carmaker GAC eyes 2026 electric vehicle launch in UK

Chinese carmaker GAC eyes 2026 electric vehicle launch in UK

Nikkei Asia4 days ago
GAC formed a joint venture with an automotive subsidiary of Abdul Latif Jameel. (GAC's official WeChat account)
SHIZUKA TANABE
GUANGZHOU -- Guangzhou Automobile Group (GAC) will debut electric vehicles in early 2026, the Chinese state-owned automaker announced Wednesday.
GAC has signed a contract to create a joint venture with a Saudi company to handle U.K. sales, which will add thrust to its progress toward its planned goal of entering all European markets by 2028.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump may travel to China to meet Xi in 'not-too-distant future'
Trump may travel to China to meet Xi in 'not-too-distant future'

Nikkei Asia

time3 hours ago

  • Nikkei Asia

Trump may travel to China to meet Xi in 'not-too-distant future'

WASHINGTON (Reuters) -- U.S. President Donald Trump said on Tuesday that he may visit China soon for a landmark trip at a time of simmering trade and security tensions. "President Xi has invited me to China, and we'll probably be doing that in the not-too-distant future," Trump told reporters in the White House's Oval Office. "A little bit out, but not too distant. And I've been invited by a lot of people, and we'll make those decisions pretty soon." Reuters has reported that Trump and Xi's aides have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, citing two people familiar with the plans. While plans for a meeting have not been finalized, discussions on both sides of the Pacific have included a possible Trump stopover around the time of the Asia-Pacific Economic Cooperation summit in South Korea or talks on the sidelines of the October 30-November 1 event, the people said. Another possible trip would be for a September 3 Beijing ceremony commemorating the 80th anniversary of the end of World War II, which Russian President Vladimir Putin is planning to attend. The White House and the Chinese government had declined to comment on that earlier Reuters report. Trump made the comment about meeting Xi during a meeting with Philippine President Ferdinand Marcos Jr., a key Pacific ally who Trump said he had successfully moved away from China, even as he said it was fine for the two countries to have relations. Trump has sought to lower tensions with Beijing in recent weeks after pausing a tit-for-tat tariff war that has upended global trade and supply chains. Trump has sought to impose tariffs on virtually all foreign goods, which he says will stimulate domestic manufacturing and which critics say will make many consumer goods more expensive for Americans. He has called for a universal base tariff rate of 10% on goods imported from all countries, with higher rates for imports from some, including China. Imports from China have the highest tariff rate of 55%. Trump has set a deadline of August 12 for the U.S. and China to reach a durable tariff agreement. Other points of friction between the countries include China's support for Russia, trade in fentanyl-related chemicals, regional security worries, and exit bans on some American residents.

Japan begins anti-dumping probe into China, Taiwan stainless steel
Japan begins anti-dumping probe into China, Taiwan stainless steel

The Mainichi

time11 hours ago

  • The Mainichi

Japan begins anti-dumping probe into China, Taiwan stainless steel

TOKYO (Kyodo) -- The Japanese government said Tuesday that it has launched an investigation into allegations that stainless steel products were exported from China and Taiwan at unfairly low prices, following complaints from four domestic producers. The finance and trade ministries said they will determine whether to impose anti-dumping duties on imports of nickel-added cold-rolled stainless steel coils, sheets and strips, adding the investigation is expected to be concluded within a year. Nippon Steel Corp., Nippon Yakin Kogyo Co., NAS Stainless Steel Strip MFG. Co. and Nippon Kinzoku Co. filed the request with the government on May 12, according to the ministries. The complaints allege that Chinese and Taiwanese products were sold in Japan at prices 20 percent to 50 percent and 3 percent to 20 percent lower, respectively, than in the domestic markets of China and Taiwan. Consequently, purchasers in Japan turned from domestic products to Chinese and Taiwanese alternatives, forcing producers to lower their prices and resulting in business damage, including reduced operating profits.

Mitsubishi Motors faces growing challenges in Indonesia and Thailand
Mitsubishi Motors faces growing challenges in Indonesia and Thailand

Nikkei Asia

time13 hours ago

  • Nikkei Asia

Mitsubishi Motors faces growing challenges in Indonesia and Thailand

Mitsubishi Mortors President and CEO Takao Kato, left, and Atsushi Kurita, right, the head of the company's Indonesia subsidiary, pose with singer Shabrina Leonita during the global launch of the Destinator SUV in Jakarta on July 17. (Photo by Bobby Nugroho) NANA SHIBATA JAKARTA -- Mitsubishi Motors is facing a tough business environment in Indonesia and Thailand but is enjoying robust sales in regional peers Vietnam and the Philippines, according to President and CEO Takao Kato, detailing experiences that reflect the nations' contrasting economic fortunes and the impact of tougher competition from Chinese rivals. "ASEAN is Mitsubishi Motors' most important market," Kato told Nikkei Asia during an interview in Jakarta on the sidelines of a new vehicle launch on Thursday, adding that the region accounted for 30% of the company's car sales last year. "[We] will concentrate our management resources [in the region]."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store