
Chinese passenger car sales rise for a third month in April
Sales of electric and plug-in hybrid vehicles increased 33.9% year-on-year, making up 50.8% of all vehicles sold in April. (EPA Images pic)
SHENZHEN : China's car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of US tariffs on consumer sentiment.
Passenger vehicle sales totalled 1.78 million units last month and for the first four months of 2025 were up 8.2% from the same period a year earlier at 6.97 million units, data from the China Passenger Car Association (CPCA) showed on Sunday.
Sales of electric vehicles and plug-in hybrids, known collectively as new energy vehicles, increased 33.9% year-on-year to make up 50.8% of total car sales last month.
A government scheme that hands out larger subsides to trade-ins of old cars for NEVs than for gasoline vehicles had covered 2.71 million cars as of April 24, official data showed, cushioning the impact on Chinese consumer confidence as the increase in US tariffs on Chinese exports disrupt trade between the world's two largest economies.
Car exports slid 2.2% in April from a year earlier, extending an 8% decline in March, CPCA data showed.
For domestic buyers, however, automated-driving systems are fading as a catalyst for sales, according to the association.
The focus of a years-long price war in the world's largest auto market shifted toward next-generation automated-driving features after BYD announced in February to offer its 'God's Eye' driver-assistance system as free standard equipment across its lineup.
But the fervour to tout driver-assistance systems is cooling following a government crackdown on marketing terms using 'smart' or 'autonomous' to describe their technology after a fatal crash involving a Xiaomi SU7 sedan in March.
The EV caught fire after hitting a cement pole, seconds after the driver tried to assume control from the car's assisted-driving system.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
43 minutes ago
- The Sun
KJTS, Shenzhen Envicool to jointly pursue data centre cooling deals in Asean
PETALING JAYA: KJTS Group Bhd, through indirect subsidiary Green AI Sdn Bhd, signed a memorandum of understanding with China-based Shenzhen Envicool Technology Co Ltd, one of the world's leading providers of advanced cooling technologies, to jointly pursue data centre infrastructure projects in Asean with a focus on innovative, energy-efficient cooling solutions. They will collaborate to deliver cooling infrastructure solutions with Green AI as project leader and asset owner while Shenzhen Envicool will supply its cooling technologies, system design guidance, technical support and training. The two companies aim to introduce performance-based models that guarantee energy efficiency and savings for clients, measured in US dollars per ton of refrigeration per hour. KJTS in a statement said this collaboration with Shenzhen Envicool represents a major step forward in the company's and its subsidiaries' regional strategy to deliver intelligent, low-carbon cooling solutions that meet the growing demands of the data centre industry. 'By leveraging our project delivery capabilities and Shenzhen Envicool's global presence and track record as the leading data centre cooling provider in China to enhance the market positioning of the partnership, we are confident in our ability to create long-term value for clients while contributing to broader environmental goals,' KJTS noted. Green AI, established under a wholly owned subsidiary of KJTS, namely KJ Technical Services Sdn Bhd, is KJTS's innovation arm for sustainable cooling energy management in mission-critical environments such as data centres. Through this partnership, Green AI will leverage KJTS's expertise in build-operate-transfer and retrofit-operate-transfer models to lead engineering, construction, and ongoing operations of cooling plants. Shenzhen Envicool, listed on the Shenzhen Stock Exchange, is a globally recognised leader in precise temperature control solutions. The company has delivered over four million sets of high-efficiency cooling systems worldwide and has helped avert well over 20 million tons of carbon emissions. Its technologies span liquid cooling, heat-pipe systems, containerised solutions, and energy storage-specific systems, serving over 120 countries across the data centre, telecom, and industrial sectors. Shenzhen Envicool, in the same statement, said as global demand for high-performance data centres grows, the company's partnership enables it to combine technology with local execution expertise to deliver solutions that are not only energy-efficient but also aligned with long-term climate goals. This partnership sets the stage for a transformative approach to data centre infrastructure in Southeast Asia, where demand for scalable, sustainable cooling solutions continues to grow rapidly, it said. By aligning technological innovation with performance-driven project delivery, KJTS and Shenzhen Envicool are positioned to become key enablers in the region's digital and energy transition. The collaboration reinforces both parties' long-term commitment to operational excellence, carbon reduction, and unlocking value in the next generation of mission-critical facilities.


The Star
3 hours ago
- The Star
Bursa Malaysia to trade at 1,500-1530 this week amid tariff and middle east tensions
KUALA LUMPUR (Bernama): Bursa Malaysia's key index is set to move between 1,500 and 1,530 nthis week, as markets remain under pressure amid concerns over Washington's planned unilateral tariff letters and escalating tensions following Israel's strike on Iran. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said markets are expected to remain vulnerable and trade lower in the near term, unless a meaningful breakthrough occurs over the weekend to de-escalate the conflict, an outcome he said appears unlikely. "From a tactical standpoint, oil and gas (O&G) stocks may present short-term trading opportunities, particularly those with upstream exposure or companies expanding their upstream concessions, as they stand to benefit directly from the current rally in oil prices,' he told Bernama. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market participants are advised to closely monitor ongoing geopolitical tensions and any developments related to US President Donald Trump's stance on US-China trade tariffs. "We also believe the rise in crude oil prices could present opportunities for investors to explore O&G and commodity related stocks. We anticipate the benchmark index to trend within the 1,500-1,530 range, representing its support and resistance levels,' he added. Thong noted that if tensions continue to escalate, the second support level is projected at 1,485. For the week just ended, Bursa Malaysia kicked off in positive territory at the beginning of the week, driven by positive developments in the US-China trade negotiations, stocks accumulation by local institutions, and a slowdown in foreign selling activity. On a Friday-to-Friday basis, the barometer index rose 1.32 points to 1,518.11 from 1,516.79 a week earlier. The FBM Emas Index gained 14.84 points to 11,370.18, the FBMT 100 Index added 20.35 points to 11,144.04, and the FBM Emas Shariah Index climbed 0.31 of-a-point to 11,329.53. The FBM 70 Index increased 72.14 points to 16,368.71 while the FBM ACE Index fell 32.13 points to 4,487.19. Across sectors, the Industrial Products and Services Index was 0.55 of-a-point higher at 151.35 and the Energy Index gained 22.31 points to 740.76. The Plantation Index slid 31.93 points to 7,220.92, the Healthcare Index drooped 16.42 points to 1,777.72, and the Financial Services Index tumbled 60.06 points to 17,648.25. Turnover surged to 13.89 billion units worth RM10.61 billion from 9.80 billion units worth RM8.18 billion in the preceding week. The Main Market volume jumped to 6.42 billion units valued at RM9.47 billion against 4.50 billion units valued at RM7.21 billion previously. Warrants turnover expanded to 5.97 billion units worth RM687.92 million versus 4.07 billion units worth RM533.43 million a week ago. The ACE Market volume improved to 1.50 billion units valued at RM458.75 million compared with 1.22 billion units valued at RM432.22 million in the preceding week. - Bernama

Malay Mail
5 hours ago
- Malay Mail
Sources: US-China trade truce shaky as military-use rare earth export dispute remains unresolved
China withholding export of certain military-use rare earth materials China negotiators in London appeared to link rare earths export to US AI chip curbs Trump administration faces challenges due to China's rare earths control US signalled possible extension to current tariffs beyond August 10 deadline, sources say BEIJING, June 15 — The renewed US-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, two people briefed on detailed outcomes of the talks told Reuters. Beijing has not committed to grant export clearance for some specialised rare-earth magnets that US military suppliers need for fighter jets and missile systems, the people said. The United States maintains export curbs on China's purchases of advanced artificial intelligence chips out of concern that they also have military applications. At talks in London last week, China's negotiators appeared to link progress in lifting export controls on military-use rare earth magnets with the longstanding US curbs on exports of the most advanced AI chips to China. That marked a new twist in trade talks that began with opioid trafficking, tariff rates and China's trade surplus, but have since shifted to focus on export controls. In addition, US officials also signalled they are looking to extend existing tariffs on China for a further 90 days beyond the August 10 deadline agreed in Geneva last month, both sources said, suggesting a more permanent trade deal between the world's two largest economies is unlikely before then. The two people who spoke to Reuters about the London talks requested not to be named because both sides have tightly controlled disclosure. The White House, State Department and Department of Commerce did not immediately respond to requests for comment. China's Foreign and Commerce ministries did not respond to faxed requests for comment. President Donald Trump said on Wednesday the handshake deal reached in London between American and Chinese negotiators was a 'great deal,' adding, 'we have everything we need, and we're going to do very well with it. And hopefully they are too.' And US Treasury Secretary Scott Bessent said there would be no 'quid pro quo' on easing curbs on exports of AI chips to China in exchange for access to rare earths. China chokehold But China's chokehold on the rare earth magnets needed for weapons systems remains a potential flashpoint. China dominates global production of rare earths and holds a virtual monopoly on refining and processing. A deal reached in Geneva last month to reduce bilateral tariffs from crushing triple-digit levels had faltered over Beijing's restrictions on critical minerals exports that took shape in April. That prompted the Trump administration to respond with export controls preventing shipments of semiconductor design software, jet engines for Chinese-made planes and other goods to China. At the London talks, China promised to fast-track approval of rare-earth export applications from non-military US manufacturers out of the tens of thousands currently pending, one of the sources said. Those licenses will have a six-month term. Beijing also offered to set up a 'green channel' for expediting license approvals from trusted US companies. Initial signals were positive, with Chinese rare-earths magnet producer JL MAG Rare-Earth, saying on Wednesday it had obtained export licences that included the United States, while China's Commerce Ministry confirmed it had approved some 'compliant applications' for export licences. But China has not budged on specialised rare earths, including samarium, which are needed for military applications and are outside the fast-track agreed in London, the two people said. Automakers and other manufacturers largely need other rare earth magnets, including dysprosium and terbium. Big issues remain The rushed trade meeting in London followed a call last week between Trump and Chinese leader Xi Jinping. Trump said US tariffs would be set at 55 per cent for China, while China had agreed to 10 per cent from the United States. Trump initially imposed tariffs on China as punishment for its massive trade surplus to the United States and over what he says is Beijing's failure to stem the flow of the powerful opioid fentanyl into the US Chinese analysts are pessimistic about the likelihood of further breakthroughs before the August 10 deadline agreed in Geneva. 'Temporary mutual accommodation of some concerns is possible but the fundamental issue of the trade imbalance cannot be resolved within this timeframe, and possibly during Trump's remaining term,' said Liu Weidong, a US-China expert at the Institute of American Studies, Chinese Academy of Social Sciences. An extension of the August deadline could allow the Trump administration more time to establish an alternative legal claim for setting higher tariffs on China under the Section 301 authority of the USTR in case Trump loses the ongoing legal challenge to the tariffs in US court, one of the people with knowledge of the London talks said. The unresolved issues underscore the difficulty the Trump administration faces in pushing its trade agenda with China because of Beijing's control of rare earths and its willingness to use that as leverage with Washington, said Ryan Hass, director of the John L. Thornton China Center at the Brookings Institution. 'It has taken the Trump team a few punches in the nose to recognise that they will no longer be able to secure another trade agreement with China that disproportionately addresses Trump's priorities,' Hass said. — Reuters