China's central bank has brought a first batch of 26 domestic and overseas financial institutions onto CBETS, a new platform designed to process cross-border payments in digital yuan.
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BMW is said to be withdrawing the i3, i5, and iX1 from its China lineup simultaneously in July , ending production of all three models built on combustion-derived platforms. The exit is framed as preparation for the Neue Klasse era, BMW's forthcoming purpose-built battery-electric architecture.
Saudi Arabia has signed housing and urban development agreements worth 1.9 billion riyals (approximately US$507 million) with Chinese partners, including state-owned China State Construction Engineering.
BYD is scaling up battery production in Brazil with the aim of reaching 50% local content in its Brazil-manufactured vehicles by the start of 2027. Battery output expansion is the primary mechanism the company has identified to hit that threshold.