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BYD

New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

by Anas Siddiqui
New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

New-energy vehicles (NEVs) will make up about half of new car sales in mainland China by 2030, as state incentives and expanding charging stations win over more customers, according to …

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China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

by Anas Siddiqui
China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market. …

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Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

by Anas Siddiqui
Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader …

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Janet Yellen in China: overcapacity high on the agenda as secretary takes swipe at exports

by Anas Siddiqui
Janet Yellen in China: overcapacity high on the agenda as secretary takes swipe at exports

“Direct and indirect government support is leading to capacity significantly exceeding China’s domestic demand, as well as what the global market can bear,” Yellen said at an American Chamber of …

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As Chinese businesses launch operations in Mexico, managers learn cross-cultural lessons

by Walter Watson
As Chinese businesses launch operations in Mexico, managers learn cross-cultural lessons

Still, for many Chinese firms that do venture out, or wish to, concerns linger over profitability, policy uncertainties and safety – as well as vast differences in the work cultures. …

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Chinese EV maker Aion plans Indonesia plant, vying against rivals like BYD for slice of promising Southeast Asia market

by Anas Siddiqui
Chinese EV maker Aion plans Indonesia plant, vying against rivals like BYD for slice of promising Southeast Asia market

Aion, an electric vehicle (EV) unit of state-owned Chinese company GAC Group, plans to build its second Southeast Asia plant in Indonesia, upping its stake in the potentially vast market …

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Tesla knocks BYD off its perch as world’s largest pure EV makers struggle to win new customers in China’s shrinking market

by Anas Siddiqui
Tesla knocks BYD off its perch as world’s largest pure EV makers struggle to win new customers in China’s shrinking market

Tesla regained its crown as the world’s biggest seller of pure electric vehicles (EVs) in the first quarter, as Huawei Technologies and other start-ups snapped at the heels of the …

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Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

by Anas Siddiqui
Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, …

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Tesla raises price of its Shanghai-made Model Y electric car, shrugging off price war squeezing its rivals in China

by Anas Siddiqui
Tesla raises price of its Shanghai-made Model Y electric car, shrugging off price war squeezing its rivals in China

Tesla raised the price of its Shanghai-made Model Y cars on Monday, bucking the trend set by a discount war that is squeezing the profit margins of most of its …

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BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

by Anas Siddiqui
BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

BYD, the world’s largest electric-vehicle (EV) maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a …

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