Industry
The latest news and insights from TheWkly's Industry section.
China Targets ‘Zero-Mileage’ Used-Car Loophole as Auto Sales Slump
Beijing, China: Regulators summoned major automakers and dealers to address the “zero-mileage” used-car trend—cars registered as used but never...
Chinese EV Stocks Plunge Amid Aggressive Price War
Beijing, China: Leading Chinese electric vehicle makers—including BYD, Li Auto, Great Wall Motor, and Geely—saw share prices drop 5–8% yesterday,...
Chinese Carmakers Surpass Global Luxury Rivals in Home Market
Beijing, China: Local auto brand Seres Group outpaced BMW and Mercedes in China’s premium car segment last year, surprising many with its AITO...
FAST TRACK GROUP Announces $15 Million IPO on Nasdaq for Entertainment Event Expansion
Singapore: FAST TRACK GROUP priced its IPO at $4.00 per share, raising $15 million to fund expansion across Southeast Asia. Specializing in event...
Toyota Admits Data Breach Exposed 2.15 Million Vehicles’ Location Data
Tokyo, Japan: Toyota disclosed a cloud misconfiguration that left the real-time location data of over two million connected vehicles accessible to...
Cautious Optimism in China as U.S. Trade Tariffs Put on Hold, But Businesses Remain Wary
Beijing, China: Chinese businesses are cautiously welcoming a 30-day pause on new U.S. tariffs, announced during recent diplomatic talks. After...
Nissan Faces $4.5 B Loss, Slashes 20,000 Jobs and 7 Factories
Yokohama, Japan: Nissan reported a sizeable annual loss of about $4.5 billion, citing massive debt, rising competition, and a botched merger...
Global trade slowdown: Shipping lines cut Asia–US routes as tariffs bite
Major shipping companies are suspending at least six weekly trans-Pacific routes between China and the U.S., citing a dramatic fall in cargo...
Temu Halts China Shipments, Adopts US Fulfillment Model to Sidestep Tariffs
Online shopping app Temu abruptly ended direct shipments from China to US buyers, citing new tariffs and the end of de minimis exemptions....
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