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Friday 22 September 2023
France to tighten EV subsidies while Chinese carmakers call for open environment in Europe
France announced new eligibility for its EV subsidy program that will likely rule out China-made vehicles. The move came after the European Commission's launch of an investigation...
Tuesday 19 September 2023
BYD's overseas expansion drives Yusin Holding Group's Fuzhou subsidiary operation
China-based EV maker BYD has been scaling up in overseas markets. Besides the competition with Tesla, its entry into the Thai market has garnered much attention. Support from Taiwan-based...
Monday 4 September 2023
BMW unwraps next-generation EV to take on Tesla, China's BYD
BMW AG presented the first prototype of its future electric-vehicle lineup, ringing in a new stage in the fight to catch up to Tesla Inc. and defend sales in its most important market...
Monday 4 September 2023
BYD's 2023 sales projection: 3mn units, 1.7 times Tesla's target, prioritizes global expansion
BYD, the trailblazing Chinese EV manufacturer, has swiftly asserted its dominance in the EV market following a strategic pivot toward EV development in March 2022. The company's EV...
Friday 1 September 2023
China-based automakers entering maritime and logistics industries
According to the China Association of Automobile Manufacturers, the country exported over 2.34 million cars in the first half of 2023, up 76.9% from 2022. As China becomes the world's...
Thursday 31 August 2023
BYD confident of hitting 3 million sales despite China weakness
BYD Co. remains confident of selling 3 million clean cars this year despite economic challenges and an intense price war in the world's second-biggest economy, founder and Chairman...
Wednesday 30 August 2023
BYD outraces Tesla in gross margin, R&D expenses for 1H23
Chinese top EV vendor BYD outraced Tesla in terms of R&D expenses and gross margins in the first half of 2023, with both its revenues and net profits for the period hitting record...
Wednesday 30 August 2023
BYD reportedly to set up EV battery plant in Korea
BYD is reportedly in talks with KG Mobility (KGM), South Korea's fourth-largest car maker, to jointly set up an electric vehicle (EV) battery plant in South Korea that is expected...
Monday 28 August 2023
BYD’s iPad-making arm pays $2.2 billion for Jabil China unit
The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.'s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base...
Wednesday 23 August 2023
Tesla, Chinese automakers set to miss 2023 sales growth targets
Tesla and Chinese automakers such as BYD are all expected to miss their sales growth projections for 2023, with no company hitting 50% in the first half of the year, according to...
Monday 21 August 2023
CATL takes on BYD in LFP battery field with new superfast-charging LFP battery
Chinese battery maker Contemporary Amperex Technology Co. Limited (CATL) launched its Shenxing 4C superfast-charging lithium iron phosphate (LFP) battery on August 16, which will...
Thursday 17 August 2023
Chinese automakers secure SiC power modules to narrow BYD's lead
Car manufacturers have long been investing in building up their automotive chip supply chain, and the power module sector has been attracting major investment from them. Auto makers...
Wednesday 16 August 2023
Chinese carmakers say BYD chairman's "crocodile tears" did not move them
BYD just reached the five million vehicle production milestone. Chairman and president Wang Chuanfu said at an event that Chinese automakers should work together to show the world...
Friday 11 August 2023
BYD reaches five million NEV production milestone as automotive electrification in China keeps growing
China's largest new energy vehicle (NEV) maker BYD rolled its five millionth car off the production line on August 9. Chairman and president Wang Chuanfu said automotive electrification...
Friday 28 July 2023
Carmakers under pressure to transform business or face elimination, says Kia Taiwan executive
About 30% of existing carmakers will face elimination from the market in 2030 due to a failure to transform their business, according to Calvin Lee, managing director of Sime Darby...