Premium carmaker Audi has deepened ties with its Chinese partner SAIC Motor as Western automakers try to catch up in the world’s largest EV market.

Five years after commencing its automotive ambition, Huawei said the unit has come out of the red. Richard Yu, Huawei’s chairman of the smart car solutions business unit, recently said the company’s automotive business unit and the smart selection car segment have turned profitable in the first quarter of 2024.

Lai Ching-te has officially assumed office as the 16th President of Taiwan, signaling a firm stance towards Beijing. His inaugural speech made clear that the new administration will not compromise on its position, suggesting that the current economic and industrial ties across the Taiwan Strait will remain largely unchanged. This hardline approach implies limited room for further deterioration and scant chances for improvement in relations.