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Showing posts with the label global

Chinese electric vehicle brands expand to global markets

Chinese electric car exporters are starting to compete with global brands in their home markets YOKOHAMA, Japan -- Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and Japanese brands in their home markets. They bring fast-developing technology and low prices that Tesla Inc.'s chief financial officer says “are scary.” Furukawa said he ordered an ATTO 3 when it went on sale Jan. 31, for its user-friendly features and appealing price of 4.4 million yen ($33,000) — or about one-quarter less than a Tesla. “It’s perfect,” Furukawa said in his office in Yokohama, southwest of Tokyo. Other ambitious Chinese EV exporters include NIO, Geely Group’s Zeekr and Ora, a unit of SUV maker Great Wall Motors. Some com Pet e on price. Others emphas...

China's global influence looms over Harris trip to Africa

The global rivalry between the United States and China has been a recurring backdrop during Vice President Kamala Harris’ trip to Africa DAR ES SALAAM, Tanzania -- When Vice President Kamala Harris touches down in Lusaka, Zambia on Friday for the final stop of her weeklong trip across Africa, she’ll see a glittering new airport that’s doubled in size. Rather than a symbol of promising local development, it’s a reminder of China’s deep influence there. Beijing financed the project, one of many that has expanded its footprint on a booming continent that's rich in natural resources, often generating goodwill among its citizens. The global rivalry between the United States and China has been a recurring backdrop for Harris’ journey, and nowhere has that been more apparent than Zambia and her previous stop in Tanzania. Besides the airport, China built a 60,000-seat stadium in Lusaka, plus roads and bridges around the country. Zambia is on the hook for all of the development with billion...