China’s electric car market is facing a soft end to 2025, with sales dropping and a fierce price war looming. Both Tesla and BYD saw declines in sales, while newer rivals like Xiaomi saw significant growth. Market concentration has increased, with top manufacturers now holding 95% of the market.
As the Chinese electric car market slows down, companies are looking to expand overseas. Geely and BYD are ramping up production in new markets, with Geely’s exports quadrupling, and BYD opening a new factory in Hungary. Foreign automakers like Volkswagen are also eyeing opportunities in China, with plans for new models in 2026.
Despite challenges in the Chinese market, foreign automakers like General Motors and Ford continue to see success. GM delivers nearly 2 million cars a year in China and could pivot their manufacturing capacity to design vehicles that can compete in the market. It’s still too early for any automaker to declare victory in China’s ever-changing auto market. 1. The FDA has approved a new Alzheimer’s drug, Aduhelm, despite mixed clinical trial results. The drug targets the underlying cause of the disease and has been shown to reduce cognitive decline in some patients. However, it comes with a hefty price tag of $56,000 per year.
2. In a landmark ruling, the Supreme Court has upheld the Affordable Care Act, preserving health care coverage for millions of Americans. The decision was made in a 7-2 vote, with Chief Justice John Roberts and Justice Clarence Thomas joining the majority.
3. The G7 countries have reached a historic agreement to impose a global minimum tax rate of 15% on multinational corporations. This move is aimed at preventing companies from shifting profits to low-tax jurisdictions and will help ensure a more equitable tax system worldwide.
4. Elon Musk’s SpaceX has successfully launched and landed its Falcon 9 rocket for the 87th time, breaking the record for the most flights of a single orbital-class rocket. The rocket carried 58 Starlink satellites into orbit, further expanding SpaceX’s internet constellation.
5. The Tokyo Olympics will proceed without overseas spectators due to ongoing COVID-19 concerns. This decision was made to prioritize the safety of athletes, staff, and the Japanese population. It marks a significant shift from the original plans for a global event but aims to prevent the spread of the virus.
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– Tesla’s stock price surged to a record high after the company reported strong third-quarter earnings, beating analyst expectations. The electric car maker also announced plans to build a new factory in Texas.
– Apple unveiled its new line of iPhones, including the iPhone 13 and iPhone 13 Pro, during a virtual event. The new phones feature improved cameras, longer battery life, and faster processors.
– The Federal Reserve announced plans to start reducing its monthly bond purchases, signaling a potential shift in monetary policy. The central bank also hinted at a possible interest rate hike in the near future.
– Amazon faced backlash after reports revealed that the company’s delivery drivers are under constant surveillance, raising concerns about privacy and worker rights. The e-commerce giant defended its practices, stating that the tracking is necessary for safety and efficiency.: China EV makers brace for 2026 survival test as global expansion accelerates