SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Li Auto Inc said on Tuesday it plans to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher. Speaking on the sidelines of the Shanghai auto show, Li Auto’s president and chief engineer…
SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Li Auto Inc said on Tuesday it plans to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher. Speaking on the sidelines of the Shanghai auto show, Li Auto’s president and chief engineer…
(Correct to add percentage indicator in headline) BEIJING (Reuters) – China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday. Property sales by floor area declined 1.8% year-on-year in the first quarter of the year, versus a 3.6%…
By Joey Roulette WASHINGTON (Reuters) – Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit. The industry faces an interesting dichotomy. Demand has surged from launching a few satellites on small…
SHANGHAI (Reuters) – Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals. “As VW, we remain firmly committed to China … Our guiding principle is development in China, for…
By Scott Murdoch SYDNEY (Reuters) – Asia’s shares pared losses on Tuesday as China’s economy recorded a stronger-than-expected recovery from punishing pandemic lockdowns last year that led to a major slowdown. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2%, a smaller decline than the 0.4% fall earlier in the session. China’s economy…
BEIJING (Reuters) – China’s economy grew at a faster than expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4.0% from a year…
By Steve Scherer OTTAWA (Reuters) – Public broadcaster Canadian Broadcasting Corporation’s (CBC) Twitter account was on Monday labeled as “69% Government-funded Media” by the social media website. The Twitter label on the CBC site previously showed “70% Government-funded Media”, but Twitter owner Elon Musk said the “Canadian Broadcasting Corp said they’re “less than 70% government-funded”,…
By Helen Coster WILMINGTON, Delaware (Reuters) -The trial in the $1.6 billion defamation lawsuit by Dominion Voting Systems against Fox Corp and Fox News will proceed with jury selection resuming on Tuesday rather than on Monday as previously scheduled, a judge said on Monday. Delaware Superior Court Judge Eric Davis did not provide a reason…
BEIJING (Reuters) – China’s industrial output rose 3.9% in March year-on-year, official data showed on Tuesday, accelerating from a 2.4% increase in the first two months but missing expectations slightly amid a post-COVID economic recovery. Retail sales rose 10.6%, beating forecasts for a 7.4% increase by a large margin. It was also faster than the…
