How did a Chinese company that few people have heard of manage to defeat German carmakers at their own game?
In late 2019, residents of the German town of Arnstadt awoke to find diggers breaking ground on a new factory at the site of a defunct solar panel plant. Stretching over 23 hectares (around 100 football fields), the $2 billion plant was Germany’s first large scale battery ‘Gigafactory’ with the capacity to pump out enough batteries for hundreds of thousands of electric cars every year.
Germany invented the internal combustion engine in 1876 and makes the finest luxury cars i
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For much of the past two decades, Europe's luxury market has counted on the ferocious appetite of Chinese consumers to bolster its bottom line. But foreign luxury brands are facing a reckoning in China. Not only is China’s economy entering a more uncertain phase, giving consumers pause, but homegrown designers and labels are also gaining ground. The questions now are which European brands can still rely on China, and how China's domestic designers can capture a share of the pie.
The Treasury’s top international official gives an inside-the-room account of the latest talks between Treasury Secretary Yellen and the Chinese leadership, including the U.S.’s efforts to get Beijing to address overcapacity and economic imbalances, how...
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.