BERLIN, April 10 (Reuters) - Nearly two-thirds of German firms feel they encounter unfair competition from local firms in China and are outgunned in terms of access to local officials, information and licences, a survey by the German Chamber of Commerce in China said on Wednesday. German firms feel they still have the edge when it comes to the quality...

BEIJING (Reuters) - Chinese auto factories' capacity is not growing fast and idled capacity is being closed instead, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Wednesday. The capacity utilization rate at China's auto factories was estimated at over 70% in 2023, according to Chen Shihua, deputy secretary-general of the CAAM, and the association expects the...

(Reuters) - The BMW Group delivered 594,671 vehicles in the first quarter of the year, the carmaker said on Wednesday, a rise of 1.1% year-on-year. Sales of fully-electric vehicles were at 82,700, up 27.9% on the same time last year. The Group expects deliveries of fully electric and premium vehicles to drive a slight increase in automotive deliveries for 2024,...

(Reuters) - TikTok-owner ByteDance's profit jumped roughly 60% in 2023, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company's earnings before interest, tax, depreciation and amortization (EBITDA) rose to more than $40 billion last year, from about $25 billion in 2022, the report said. ...