Chinese electric vehicle maker BYD reported another monthly decline in vehicle sales, marking its longest-ever downturn as demand in its home market remains subdued. BYD’s vehicle sales fell 15.5% year-on-year in April, extending the streak to eight consecutive months of decline. The figures were based on Reuters calculations using data from a Weibo post by

Russia is now importing more than 90% of its sanctioned technology through China, a sign of Moscow’s increasing reliance on Beijing to sustain its war effort in Ukraine, Bloomberg reported on April 30. This figure represents a significant increase from approximately 80% last year. The increase follows the European Union’s crackdown on alternative routes Russia previously used to acquire restricted goods. According to Bloomberg’s sources, who spoke on condition

Wirestock Creators / Shutterstock.com ENGINEERING firm Johnson Matthey has partnered with Chinese green energy developer Guangdong Liquid Sunshine to build a biomethanol plant in Tiandong County, Guangxi. Johnson Matthey will provide its methanol synthesis technology to convert gasified biomass waste into biomethanol. The plant is expected to have a production capacity of 75,000 t/y. China

PSA International has secured an investment in Xiamen Container Terminal Group through a public bidding process. The group operates eight container terminals with a combined annual capacity of about 20 million TEUs. The deal remains subject to regulatory approvals and closing conditions. Expanding logistics integration As part of the transaction, PSA will also increase its

Russia is now sourcing more than 90% of sanctioned technologies through China, underscoring Moscow’s growing dependence on Beijing as President Vladimir Putin’s war against Ukraine drags on. According to Bloomberg, the share of sanctioned goods entering Russia via China has risen from about 80% last year to more than 90%, though they did not provide

Volkswagen reported a sharp decline in first-quarter earnings, as tariff pressures, geopolitical tensions and rising competition impacted performance. Europe’s largest carmaker posted an operating profit of 2.5 billion euros ($2.9 billion) for the first three months of the year. This marked a 14% drop compared with the same period last year. The figure also missed