Express News | The Ministry of Industry and Information Technology (MIIT) convened a symposium with major automobile manufacturers, urging them to firmly resist irrational competition and enhance product testing, validation, and safety assessment.

BreakingsJul 17 20:53

Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

PR Newswire02:30

Chinese Automakers Are Taking on the UK — and Many Brits Are Embracing It

CNBCJul 17 22:00

Volvo Cars Warns China's Car Market Is Getting Even Tougher -- WSJ

WSJJul 17 17:42

Volvo Cars CEO: Chinese automakers’ success stems from effective strategies, not unfair competition.

Hakan Samuelsson, CEO of Volvo Cars—a subsidiary of Zhejiang Geely Holding Group—rejected criticism of Chinese automakers by Peter Navarro, a senior White House trade advisor, arguing that their success stems from effective strategies rather than unfair competition. Earlier, Navarro claimed that BYD (01211.HK) was "predatory in the global auto market," a characterization Samuelsson described as "a bit over the top." He emphasized that the automotive industry is now in a new competitive landscape and that companies succeeding in the electric vehicle segment must be respected. He added that Chinese automakers "have done many things right," such as

AASTOCKSJul 17 16:13

Morgan Stanley forecasts Geely Automobile (00175.HK) to report second-quarter earnings of RMB 4.8 billion to RMB 5.0 billion, reiterating its 'Overweight' rating.

Morgan Stanley stated in a research report that Geely Auto (0175.HK) is benefiting from a favorable premiumization strategy and overseas product mix, which is expected to anchor profit growth in the second quarter, offsetting subdued domestic sales performance due to channel inventory digestion. The firm anticipates that Geely Auto’s earnings upcycle will run counter to the industry’s downcycle, with earnings momentum likely to extend into the second half of the year, supported by new model launches and more than doubling of overseas market scale. Morgan Stanley estimates Geely Auto’s second-quarter net profit to reach RMB 4.8–5.0 billion, with quarterly revenue projected at RMB 87 billion, implying a 3% quarter-on-quarter increase in average selling price.

AASTOCKSJul 17 16:13