China Market
Busan-based Samjin Foods has opened its first fishcake cafe in China, located in Changsha, Hunan province. The store drew crowds during a preview event on April 16.
Reported by AI
Hyundai Motor Co. unveiled the Ioniq V, its first production model under the Ioniq brand for China, at the 2026 Beijing auto show. The vehicle is built on a platform jointly developed with Beijing Automotive Group (BAIC Group) and features a battery from Contemporary Amperex Technology Co. Ltd. (CATL). It offers more than 600 kilometers on a single charge.
Tesla is reportedly resurrecting its long-discussed $25,000 Model 2 vehicle project, codenamed NV91 and NV93, after pausing it earlier this year. The company is also planning cheaper versions of the Model Y and Model 3 for the Chinese market. These moves come amid efforts to compete with affordable electric vehicles from rivals like BYD.