One year after Europe vowed to catch up with the US and China on innovation, a Deutsche Bank report finds limited progress, with AI still lagging.

Chinese luxury automaker Hongqi said on Tuesday that it would launch 15 electric and hybrid models in Europe by 2028 across 25 different markets as it also unveiled the EHS5, a compact electric SUV.

Europe’s rapidly warming climate is giving Chinese air conditioner manufacturers a new growth market, helping offset lost sales to the US amid trade disputes.

Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%. The government announced a broad tariff overhaul to protect jobs, which some saw as a move to appease the US.

China's No. 1 automaker BYD will make its EVs for sale in Europe locally within three years, helping it avoid EU tariffs, while plug-in hybrids should dominate its European sales in the short term, a top executive said on Monday.

U.S. ground-based air defenses, drones and warships in Europe could be shifted to the Pacific in the event of a conflict with China, leaving NATO vulnerable to a follow-on attack from Russia, a new report says.

TAIPEI, Taiwan -- China announced Friday that it is imposing provisional anti-dumping duties of up to 62.4% on imports of pork from the European Union, deepening a trade dispute between Beijing and the 27-member European economic bloc.

By Nick Carey, Christoph Steitz and Christina Amann LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan.