Business

Huawei, long resilient, suffers under tougher US pressure

For nearly a decade, Huawei kept worldwide sales growing as Washington told U.S. phone companies not to buy its network equipment and lobbied allies to reject China's first global tech brand as a security threat.

German carmakers warn virus to shrink China market

China's car market could shrink up to seven percent year-on-year in 2020 as the effects of the novel coronavirus outbreak bite, Germany's VDA manufacturers' association said Thursday.

Automotive

Hyundai raises annual EV sales goal to two million by 2030

Hyundai Motor said Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar.