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Chinese customers bought 2 million premium cars last year and Pan, executive director of Jaguar Land Rover China, expects the country to surpass the United States to become the world's largest premium car market by 2025. The country is already the largest market for new energy vehicles.

Chinese ceramic tile maker Monalisa Group Co has launched a production unit in Italy, a joint venture with Gruppo Romani SpA. Industrie Ceramiche, a major Italian tile manufacturer.

Chinese mobility technology startup Human Horizons said on Monday it has inked an agreement with German industrial giant Bosch to further cooperation on cloud-based electric vehicle battery technology.

Chinese investors overpaid in many outbound acquisition deals amid a weakening renminbi in the past years, which raised suspicions of capital flight. This prompted the central government to strictly scrutinize overseas transactions, aiming to balance the outflow and inflow of capital.

Chinese manufacturers are speeding up production at full capacity to meet frontline medical workers' urgent need for masks amid the ongoing coronavirus outbreak, with daily output of more than 900,000 N95 medical masks, the country's top economic regulator said on Tuesday.