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12/07/2025
Legendary Pictures is considering acquiring Lionsgate.
Latest
3 m ago
Southern Theater Command Navy's Chemical Defense Comprehensive Exercise.
4 m ago
For the next three days starting today, Beijing will enter a continuous high temperature mode. There may be thunderstorms in the afternoon and evening that need to be prevented.
6 m ago
Volvo CEO: Leading with cooperation with China
6 m ago
Hkan Samuelsson, CEO and president of Volvo Cars, discussed the future of the European automotive industry in a program. While some European car manufacturers are calling for the EU to impose tariffs on foreign competitors, Hkan takes a more liberal and open approach. He said, "It is meaningless to protect through tariffs or other means. The only way to protect our industry is to actively improve and enhance our competitiveness. I believe that the future EU market will face fierce competition from new entrants in China's new energy vehicles. The sooner we adapt to this situation and start developing cars, the better." Hkan also stressed that when operating in China, Volvo must truly focus on the needs of the Chinese market rather than simply copying European products. He said, "Chinese consumers are very interested in technology, so they like cars with rich software functions. This means that European-developed functions cannot simply be directly transferred to cars; instead, cooperation with Chinese companies to develop related technologies is necessary to truly take the lead." (Global Network)
7 m ago
Singapore's Lianhe Zaobao article on July 10th, entitled "Will Xiaomi deliver a fatal blow to Tesla?". Once upon a time, American electric car giant Tesla enjoyed unparalleled success in China, with Chinese consumers willing to queue up for test drives. But now, Tesla seems like an aging general retreating step by step, watching its market share in China being eroded by waves of attacks from local car companies. The first to rise was Chinese electric car company BYD, gradually shaking Tesla's high-end market share with its competitive prices. Following closely behind, Xiaomi, a consumer electronics company venturing into car manufacturing, has surpassed Tesla's sales in just over a year, despite Tesla's 10 years of experience in China. Xiaomi's strong entry into the market may not be enough to completely replace Tesla's position in China, but it is enough to make Tesla's days in China increasingly difficult.
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