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Operating profit of Samsung Electronics hits 4-year low in 2019

Operating profit of Samsung Electronics hits 4-year low in 2019

2020-01-08 13:47

The preliminary figure for operating profit was 27.7 trillion won (23.7 billion U.S. dollars) in 2019, down 52.9 percent from the previous year.

Chinese health product company fined for pyramid scheme

Chinese health product company fined for pyramid scheme

2020-01-08 11:35

Chinese health product company Quanjian was fined 100 million yuan (around 14.4 million U.S. dollars) for organizing and leading a pyramid scheme.

Fuyao Group to invest on new equipment, add more jobs in U.S. plant

Fuyao Group to invest on new equipment, add more jobs in U.S. plant

2020-01-08 10:12

China's auto glass manufacturer Fuyao Group said here Monday that it will invest 46 million U.S. dollars in new equipment at its Dayton plant.

BYD new energy vehicle sales down 7.4 pct in 2019

BYD new energy vehicle sales down 7.4 pct in 2019

2020-01-08 09:59

China's leading new energy vehicle (NEV) manufacturer BYD Tuesday said its NEV sales declined 7.39 percent year on year to 229,506 units in 2019.

GMs China sales decline sharply in 2019 amid overall market downturn

GM's China sales decline sharply in 2019 amid overall market downturn

2020-01-08 02:54

General Motors (GM) and its joint ventures delivered 3,093,604 vehicles in China in 2019, down 15.1 percent from the previous year.

Made-in-China Tesla vehicles delivered to customers

Made-in-China Tesla vehicles delivered to customers

2020-01-07 22:15

Tesla officially delivered the first batch made-in-China Model 3 sedans to non-employee customers.

Chinas BAIC Motor reports growing revenue in 2019

China's BAIC Motor reports growing revenue in 2019

2020-01-07 19:29

Chinese automaker BAIC Motor Corp. saw its overall revenue increase by 4.26 percent year on year in 2019 to reach 501.2 billion yuan.

FAW Group sees growing revenue in 2019

FAW Group sees growing revenue in 2019

2020-01-07 19:08

China's leading automaker FAW Group saw its total revenue reach 620 billion yuan (about 89.2 billion U.S. dollars) in 2019, up 4.4 percent.

Tesla launches Model Y program in Shanghai

Tesla launches Model Y program in Shanghai

2020-01-07 17:09

U.S. electric carmaker Tesla officially launched its China-made Model Y program in its Shanghai gigafactory Tuesday.

Hisense global sales of TVs hit 20 million in 2019

Hisense global sales of TVs hit 20 million in 2019

2020-01-07 15:46

Chinese electronics giant Hisense reported global sales of over 20 million televisions in 2019, and continued to top the Chinese market.

Uber drivers in Portugal hold protests in Lisbon

Uber drivers in Portugal hold protests in Lisbon

2020-01-07 10:29

About 100 Uber drivers held protest in Lisbon due to a company's fare reduction announced after the New Year, which cut their margins of profit.

Chinas electric car producer Byton launches global partnership at CES

China's electric car producer Byton launches global partnership at CES

2020-01-07 07:58

China's leading electric car manufacturer Byton has announced global partnership at the 2020 Consumer Electronics Show (CES) in Las Vegas.

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