Tesla reduces prices -- Tesla Inc has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker's Chinese website, prices of certain Model 3 cars were cut by up to 7.6 percent. The starting price for a Model 3 in China now is 499,000 yuan (72,000 U.S. dollars). (Source: Global Times)
FAW-Volkswagen car output exceeds 2 mln units in 2018 -- FAW-Volkswagen Automotive Co. Ltd. on December 24 saw its passenger car production for 2018 exceed 2 million units. FAW-Volkswagen, a joint venture between FAW Group and Volkswagen Group, said a new-generation Magotan, the two millionth car for the year, rolled off production line on December 24 at its plant in Changchun, capital of Jilin Province.
Starbucks Reserve Roastery in Shanghai gains popularity -- The Starbucks Reserve Roastery and Tasting Room in Shanghai has been gaining popularity since it started service about one year ago. The roastery, which opened in December 2017, saw average daily sales of 64,000 U.S. dollars over the past year, twice the average weekly sales of Starbucks stores in the United States, according to Starbucks China. The roastery in Shanghai is the second of its kind, with the first opening in December 2014 in Seattle, where Starbucks headquarters is located.
Leading global real estate consultancy opens Hainan branch -- Savills, the world's leading real estate consultancy company listed on the London Stock Exchange, announced the launch of its 17th China branch on December 21 in Haikou, the capital of the country's southernmost Hainan province, to explore the market on the tropical island. Robert McKellar, executive chairman of Savills Asia Pacific, said Savills Hainan will focus on property and asset management services, project development consultancy, hotel development and investment brokerage. (Source: China Daily)
UK companies in China optimistic about Brexit -- The majority of British companies operating in China believe the United Kingdom's departure from the European Union will be good for business, according to a new survey. The British Chambers of Commerce in China surveyed 212 UK-owned companies across a dozen sectors in China, representing about 3 billion pounds (3.8 billion U.S. dollars) of revenue. Of those, 47 percent said they believe that a post-Brexit environment in which the UK is free to pursue its own trade agreements will have a positive effect on business. (Source: China Daily)
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