During August to October, BYD added nearly 200,000 units in production capacity and hired 200,000 workers for auto and part manufacturing
Two investors, including Chinese carmaker BAIC, have indicated on buying shares worth $74.9 million in the IPO
China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it strongly opposes the measures and insisted its move was designed to protect the EV industry and support a global transition toward greener technologies. The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices. The duties are set to remain in force for five years, unless an amicable deal can be struck. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing's burgeoning exports of green technology to the bloc. China alleged that the EU move amounted to an abuse of trade remedies that violates WTO rules, and amount
BYD plans to expand its sales touchpoints, aiming to double their number within the next 6 to 8 months, Rajeev Chauhan said
It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues
Chinese technology company Xiaomi might not proceed with launching SU7 EV in the Indian market just yet, reports suggest. It aims to gauge the interest of Indian consumers in its electric cars
Brussels seemed to have left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario, the Xinhua commentary added
The auto industry has defined five levels of autonomous driving, spanning driver assistance features such as cruise control at level one to fully self-driving cars at level five
Honda's move marks the latest setback for Japan's legacy car brands in China, where the growing dominance of local players such as BYD and a brutal price war are causing them to lose market share
Huawei has enjoyed a resurgence since Mate's August debut, riding a wave of celebration around its ability to realize sophisticated semiconductor manufacturing despite escalating US tech export curbs
Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday
Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe. And Thailand, one of the biggest markets in Southeast Asia, a region of more than 600 million people, has made developing its EV market a priority. Tesla launched sales in late 2022, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. BYD, or Build Your Dreams, displayed a wide range of its EV lineup, including its Dolphin, a pure EV that it says runs 490 kilometers (about 300 miles) on a single charge and is priced at 859,999 Thai baht (USD 23,700). At the higher end of the spectrum is the Seal, promising 580 kilometers (about 360 miles) on a charge and costing nearly 1.6 .
The company, which entered the Indian market in 2022, currently sells two electric cars in India -- Atto 3 and e6, a multi-utility vehicle. Seal is the company's third offering
Essentially, subsidies and support for any industry in China are usually a mix of payments and benefits at local, provincial and national levels
ADAS can detect lane departures and can either warn the driver about the lane departure or, in higher-level ADAS cars, take control of the steering and put the vehicle back in the lane
"Security concerns with respect to Chinese investments in India were flagged during the deliberations," the report quoted an Indian official as saying
With the e6 and BYD ATTO 3 already available in the Indian market, BYD Seal will be the third passenger EV released within two years by the company
With the vessels in question not expected to come online for several years yet, it's a bold bet on lasting global consumer demand for Chinese cars
Chinese automaker Changan Automobile has unveiled a new electric vehicle that resembles the Tesla Model 3
MG Motor India on Thursday reported an 11 per cent decline in retail sales in August, hit by supply chain constraints. The company retailed 3,823 units last month as compared to 4,315 units in August 2021. "The volatility in supply chains continues to cause many production challenges, however, this is expected to improve from next month onwards," the automaker said in a statement. In order to meet growing customer demand, the company has proactively undertaken multiple initiatives, including localisation and the introduction of executive vehicle variants in its product mix, it added. The company, a wholly-owned arm of China's SAIC Motor Corp, said it continues to have a strong order book with a positive outlook for the upcoming launches. The launch of the new version of Gloster, with significant safety, style, and technology enhancements, is expected to double the sales of the model line up, it added. The next-gen Hector, slated for a year-end launch, is expected to add to the gr