FAW Set to Become Second-Largest Shareholder in GAC Group Through Asset Swap
The proposed share exchange would see China's state-owned automakers deepen ties as industry consolidation pressures mount across the world's largest car market.
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The proposed share exchange would see China's state-owned automakers deepen ties as industry consolidation pressures mount across the world's largest car market.
The conglomerate's multi-billion-dollar industrial push faces scrutiny as succession brings fresh capital discipline to chip fabs, clean energy, and AI infrastructure expansion.

The Chinese shipbuilder posted net profit of $800 million in the first half, driven by higher-margin container ships and ethane carriers as its new Hongyuan yard begins operations

Toyota's primary supplier saw operating profit fall 21.5% in the first quarter, missing analyst expectations by 18% as material costs surged

Taiwan's largest steelmaker posted NT$3.31 billion pretax profit in Q2 2026 as steel prices recovered and margins expanded, though US and Europe tariffs cloud outlook