Reuters Asia Business

BEIJING (Reuters) – China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday. The companies have signed a memorandum of understanding to open their respective fast-charging networks to each other’s customers, which comprise more than 20,000 charging piles across …

Xpeng, Volkswagen to build ultra-fast charging network in China Read More »

By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s economy expanded 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday. Gross domestic product grew 7.55% in the fourth quarter, the fastest quarterly growth in more than two …

Vietnam’s 2024 GDP growth accelerates to 7.09%, driven by strong exports Read More »

TOKYO (Reuters) – Japan’s service activity expanded for a second straight month in December, buoyed by solid demand and business expansion, a private-sector survey showed on Monday. The final au Jibun Bank Service purchasing managers’ index (PMI) grew to 50.9 in December from 50.5 in November, according to the survey compiled by S&P Global Market …

Japan’s service activity expands on solid demand, PMI shows Read More »

BEIJING (Reuters) – China’s services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 52.2 in December …

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows Read More »

SHANGHAI (Reuters) – China’s Geely Holding Group on Sunday said it aims to sell more than 5 million vehicles annually by 2027, a big jump from 2023, which it hopes to achieve by accelerating consolidation of its sprawling brands and improving efficiency. The goal represents about 79% growth from 2023, when Geely Holding sold 2.79 …

China’s Geely Holding targets over 5 million units of annual sales by 2027 Read More »

SHANGHAI (Reuters) – The Shanghai and Shenzhen stock exchanges recently held meetings with foreign institutions, both bourses said, assuring investors that they would continue to open up China’s capital markets. The Shanghai stock exchange said in a post on its website late on Sunday that China’s economy was supported by solid fundamentals and has shown …

Chinese bourses met with foreign institutions amid volatility Read More »