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Economy

NEV manufacturers’ tight grip on maintenance and spare parts is hindering the aftersales market, which will hurt the sector in the long run, experts say

Rapid advances in AI-powered video generation are boosting profitability for both model developers and creators helping to render a whole new industry

Seen as a solution to global net zero goals, as well as an efficient and cheap way to heat and cool buildings, heat pumps are expected to be a crucial technology. But as uptake is slower than expected, the industry says more government support is needed, as well as technological breakthroughs

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Government subsidies and lower operating costs are driving rapid adoption of new energy heavy-duty trucks in China, though limited range, slow charging and high up-front costs are still bumps in the road

As China has expanded capacity to handle urban waste and divert trash from landfills, overcapacity in waste-to-energy plants has left some regions scrabbling for garbage

As new apps aim to provide transparency and convenience for China’s army of casual workers, older and less-tech savvy laborers could lose out if in-person job markets close