China’s automakers have to adapt speedily or shed out on the EV boom in the face of regulatory scrutiny overseas and opposition at residence

Vital Points

Adoption of battery and hybrid-driven cars and trucks has surged in China, but an onslaught of new types has fueled a selling price war, whilst regulatory scrutiny grows abroad.
“The pace of elimination will only decide on up,” Feng Xingya, common manager at GAC, explained to reporters on the sidelines of the Beijing vehicle exhibit in late April. Which is according to a CNBC translation of his Mandarin-language remarks.
“The difference currently is that the overcapacity now has occur collectively with vehicles that are quite competitive,” reported Stephen Dyer, co-chief of the Higher China Organization at consulting agency AlixPartners, and Asia leader for its automotive and industrials practice.

Source

Finance

White House discussing currency swap line with United Arab Emirates

April 21, 2026

Key Points The White House is considering a financial lifeline to the United Arab Emirates as the U.S. war with Iran wreaks havoc on the Gulf state’s economy, a White House official told CNBC. Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration as […]

Finance

Stocks making the biggest moves midday: UnitedHealth, Pitney Bowes, Apple, Amazon & more

April 21, 2026

Check out the companies making the biggest moves midday: Valmont Industries — The agricultural product and infrastructure rallied 12% on better-than-expected results for the first quarter. The company cited strong demand in its North America utility business for the beat. It also hiked the lower end of its full-year earnings guidance. Pitney Bowes — The […]

Finance

Stocks making the biggest moves premarket: Amazon, Apple, GE Aerospace, UnitedHealth & more

April 21, 2026

Check out the companies making headlines before the bell: UnitedHealth — Shares popped more than 6% after UnitedHealth reported first-quarter earnings and revenue that beat analyst expectations. The company earned $7.23 per share, adjusted, on revenue of $11.72 billion. Analysts expected a profit of $6.57 per share on revenue of $109.57 billion. UnitedHealth also hiked […]