General Motors (GM) said yesterday that its vehicle sales in China grew 22.2 percent year-on-year last month, while Ford reported a 6.3 percent decline in monthly sales in the world’s biggest auto market.
GM and its Chinese joint ventures sold 176,645 vehicles last month. Sales from January to last month totaled 1.39 million units, an increase of 44.5 percent from the same period last month, the company said.
Meanwhile, US rival Ford said yesterday it had sold just 18,255 units in China last month, compared with 19,486 units the same month last year, making it the first major automaker to suffer a decline as rapid Chinese market growth eases.
Ford said its sales for the first seven months of the year were 170,053 units, up 38 percent from a year earlier, boosted by strong demand for the Ford Fiesta and Ford Focus.
China has become crucial to foreign carmakers as sales in developed countries slumped following the global financial crisis.
However, after overtaking the US last year to become the world’s biggest car market, data shows that China’s sales have started to slow in recent months as demand weakens.
The nation’s auto sales last month totaled 1.06 million units, up 17.2 percent from a year earlier, but down 6.7 percent from the previous month, the official Shanghai Securities News reported yesterday.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day