Chinese carmakers roll out feature-rich premium EVs at lower prices, as German rivals grapple with falling China sales and intensifying global competition.
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The slump comes after Iran effectively closed the Strait of Hormuz, through which key energy supplies and fertiliser-linked inputs pass.
Victory Giant Technology Huizhou will use most of the proceeds to expand production in mainland China.
Mideast tensions drive rise in international events in Penang
Penang Convention and Exhibition Bureau says organisers are shifting events to the Asia-Pacific after cancellations in the Middle East.
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Fragile truce dictates that we prepare for the worst
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Jail terms added for 33 in Cheras riot case
10-month custodial sentences were imposed on top of fines earlier imposed by the magistrates’ court.
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Costs may jump 25% by Sept-Oct amid Mideast conflict, warns MB
Amirudin Shari says this is expected to affect several sectors, including healthcare.
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MIC seats secure despite Indian-based BN allies, says Saravanan
The MIC deputy president says the intention under the ‘big tent’ approach is to ensure BN’s overall success.
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