Transportation

Three years on, Lei Jun remains dedicated to leading Xiaomi’s venture into car manufacturing, previously labeling it the “last major entrepreneurship project” of his life.

The car maker has logged record sales by sticking with gasoline vehicles.

Collaborating with European automakers such as Renault provides Chinese new energy companies with a fresh avenue for business growth.

Beijing will order three state-backed automakers to step up R&D spending.

Aircraft dismantling has emerged as a highly lucrative industry in China, outpacing traditional aviation operations amidst growing demand.

The partnership bolsters Huawei’s portfolio of automaking alliances, broadening its presence in the electric vehicle market.

Sony Honda Mobility plans to double its workforce to 500 employees.

BYD, Great Wall Motor, and others gained ground, while Japanese players lost momentum.