-
Kenya's economy faces climate change risks: World Bank
-
Commerzbank agrees to talks with UniCredit after two-year standoff
-
Profits surge at US oil giant amid Iran war supply shock
-
Fornaro Legal Releases Guidance to Help Businesses Maintain Clear Ownership Records During Growth
-
Stock markets rally on tech rebound
-
Japan probe made closest-ever asteroid flyby: space agency
-
France, Spain assess scorched terrain as new wildfires threaten other regions
-
British oil giant BP aims to sell North Sea business
-
Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit
-
China factory activity slides as leaders seek spending boost
-
Far right and far left battle for power in polarised Berlin
-
Tech rebound fuels record-breaking rally in South Korean stocks
-
The last trio: S.Africa's zoo elephants await their fate
-
Cables and cooling bring AI windfall to Indian suppliers
-
Oil industry sees war windfall but girds for political blowback
-
Anthropic's models gained unauthorized 'real-world' access during testing
-
Amazon beats expectations with cloud and AI growth
-
Apple tops estimates in CEO Cook's final quarter, but shares fall
-
Blowout Microsoft results lift US stocks as oil retreats
-
Milei demands expulsion of foreigners expressing 'hate' against Argentina
-
'Beginning of the end': Relief but no party as French wildfire winds down
-
Italy's Po River valley on drought alert
-
Southern Europe 'becoming more flammable' in hotter climate, experts say
-
Prada profits pinched as growth hard to chase
-
Mammoth bones found on parched bed of Danube in Bulgaria
-
Stocks climb on earnings and rates, oil retreats
-
MEXC Lists Grvt (GRVT) with $60,000 Worth of GRVT and 10,000 USDT in Airdrop+ Rewards
-
US economic growth slows in second quarter, missing expectations
-
George and Amal Clooney flee French home due to wildfire
-
Russia adds Telegram founder Durov to 'terrorist' blacklist
-
MEXC Ventures Supports Alpha Arena's APAC Debut at Coinfest Bali
-
Stocks diverge on earnings, as oil steadies
-
AI data centre supplier Zhongji InnoLight slips on Hong Kong debut
-
Eurozone economy grows despite Middle East war
-
May, June heatwaves caused 2,877 extra deaths in England: govt
-
Singapore group will develop 'most promising' Ebola vaccine
-
BMW profit down a third as carmaker plans job cuts
-
Shell profit surges as Mideast war fuels oil prices
-
Seoul extends losses as most Asian markets drop, oil rises again
-
Car maker Stellantis says back in profit in second quarter
-
Gambling.com Group Is Now Grandstand
-
Samsung quarterly operating profit up 1,800% on AI boom
-
Meet the astronomer digging into the Milky Way's 'fossils'
-
South Korean stocks bounce after rout, oil holds gains on Mideast woes
-
AI data centre supplier Zhongji InnoLight falls on Hong Kong debut
-
South Korea's women web sleuths fight AI deepfake porn
-
Samsung operating profit up 1,800% in second quarter on AI boom
-
Anything but programmable: New cost-efficient EC-power-supply-series for the DIN rail by CAMTEC PS
-
Japanese population below 120 million for first time in decades
-
Meta misses profit expectations, sticks to massive AI spending
Chinese EVs, flying cars take centre stage at world's biggest auto show
Thousands squeezed into the world's biggest car show Friday, snapping selfies beside Chinese electric vehicles as automakers showcased AI, humanoid robots and flying-car ambitions in a cut-throat market.
Rows of influencers posed in front of gleaming models at the capital's cavernous international exhibition centre, darting to suitcases stuffed with outfit changes, while animated CEOs worked the crowds in front of massive LED screens.
Legacy overseas brands such as Volkswagen, Toyota and BMW once dominated in China, but have lost market share in past years to domestic firms that beat them to the electric vehicle revolution and undercut them on price.
Chinese manufacturers including BYD, Xiaomi and XPeng are now also at the forefront of integrating AI software and autonomous driving technology into their EVs.
The Auto China exhibition, hosted at two side-by-side venues, spans 380,000 square metres (four million square feet), according to organisers -- more than 50 football pitches.
More than 1,400 vehicles from hundreds of Chinese and foreign companies are on display from Friday, when the show opened to industry professionals and the media, and later to the public from April 28 until May 3.
While traditional leading brands like Germany's BMW and Mercedes held sweeping areas of the vast halls, most of the event's mega stages were dominated by Chinese brands including BYD and battery giant CATL.
- Robots, flying cars -
At the sprawling expo, crowds cheered as XPeng chief executive He Xiaopeng unveiled the company's new GX, a six‑seat electric SUV.
The imposing 5.2-metre vehicle incorporates AI technology and is aimed at breaking into the luxury market, He said.
It would soon be followed by humanoid robots this year, He promised, and eventually by flying cars, which XPeng hopes to mass-produce.
Foreign automakers are increasingly collaborating with Chinese firms to stay competitive.
BMW has partnered with CATL, while Audi is using Huawei's driving assistance systems and Volkswagen is co-developing EVs with Guangzhou-based XPeng.
XPeng President Brian Gu said companies were "leveraging their respective strength to collaborate with China" a trend he said would continue.
Gu has his eyes set on export markets including the Gulf and Europe, where he anticipates growth to accelerate.
"In the last year, we started local production, and this year we are going to launch even more new products for the European market" which he said was responsible for half of XPeng's global sales in 2025.
Asked by AFP how Trump's tariffs were affecting XPeng, he said only that the US market remained an important one.
- Fierce competition -
This year, companies are also jostling to sell space, analysts say, with roomy SUVs' new growth area targeting customers prioritising seating and comfort.
China "has become a customer retention and replacement/upgrade-driven market, and these big SUVs address that need," independent analyst Lei Xing wrote in a blog this week.
Firms have flooded the domestic market in recent years with trade-in schemes, offering huge discounts to customers to give up their old car for a new one.
The fierce price war led Chinese officials last year to call for tighter price monitoring and improving long-term regulation of competition.
But newcomers appear unfazed, Lei wrote, naming at least eight EV brands from Chinese automakers that have cropped up over the last two years.
Electric vehicles, an area China dominates, are also gaining traction as rising global oil prices linked to the Middle East war push drivers away from fossil fuel-powered models.
Chinese tech on display Friday went beyond the road.
Dozens of people queued to clamber into an enormous air taxi, a 10-seater from Chinese aviation startup AutoFlight, part of China's wider push to dominate the low-attitude economy.
For Chinese auto enthusiast Dai, domestic EVs were the expo's clear main characters.
"In comparison, foreign brands seem to have a weaker presence and less visibility," the 30-year-old influencer, who gave only his surname, said.
J.Bondarev--CPN