Day: May 7, 2025

Deliveries by Tesla’s Shanghai factory plunged in April, reversing a short-lived turnaround a month earlier, in the latest sign of the US carmaker’s grim situation in the world’s largest electric-vehicle (EV) market. Advertisement The company’s Gigafactory 3 handed 58,459 Model 3 and Model Y vehicles to customers in mainland China and abroad last month, representing a 25.8 per cent drop from March, according to data released by the China Passenger Car Association (CPCA) on Wednesday. Deliveries slipped 6 per cent from a year earlier. “Tesla’s hopes for a sustained rebound…

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s Xi Jinping launches Russia trip with thanks for Moscow over Taiwan Xi Jinping kicked off his state visit to Russia on Wednesday by thanking Moscow for supporting Taiwan’s reunification with mainland China. 2. China warns US against ‘coercion’ as top officials prepare for trade talks Beijing has warned Washington not to use dialogue as a tactic for coercion as senior US and Chinese…

A visit to Russia this week by Chinese President Xi Jinping will add “symbolic” weight to the camaraderie between the two neighbours, but the key will be just how much both countries follow through on, according to European observers. Advertisement They also cautioned that Beijing faced an unsustainable balancing act – strengthening ties with Moscow amid a prolonged war in Ukraine, while trying to foster closer relations with Europe. Xi was set to arrive in Russia on Wednesday for a four-day state visit and hold talks with his Russian counterpart…

China announced a raft of supportive measures to shore up its economy and stabilise capital markets on Wednesday, in a move seen as bolstering Beijing’s position ahead of upcoming trade talks with the United States. Advertisement Top officials from China’s central bank and financial regulators said they planned to cut interest rates, reserve ratio for banks to release liquidity into the markets, and ramp up support for consumers and businesses affected by US tariffs during a joint press conference in Beijing. The barrage of policies “slightly exceeded” market expectations, analysts…

In a naval combat simulation conducted by Chinese researchers, an anti-ship missile targets a fleet of eight People’s Liberation Army warships showing on its radar. Advertisement But it is not an armada – it is just a single vessel. Four electronic warfare devices circling the ship created the illusion, sending signals that could deceive even an advanced radar from a distance. It was developed by a team from the Beijing Research Institute of Telemetry, an aerospace defence contractor. They detailed the “unprecedented” technology in a peer-reviewed paper published in the…