“Time is against many companies since they need to survive a cutthroat price war,” said David Zhang, general secretary of the International Intelligent Vehicle Engineering Association. “When they run out …
The new brand, which launched on Wednesday to take on models from Tesla and Toyota, will only offer promotions such as free battery swap services to lure customers, Li added. …
Nio has launched a new electric vehicle (EV) brand targeted at China’s cost-conscious middle-income consumers amid fierce competition in the world’s largest EV market. The Shanghai-based carmaker said the L60 …
Zeekr Intelligent Technology, the premium electric-vehicle (EV) unit controlled by Hong Kong-listed Geely Automobile, raised about US$441 million (HK$3.4 billion) after upsizing its stock offering in New York following strong …
Li Auto, Tesla’s nearest rival in mainland China, reduced the price of all its vehicles by up to 5.7 per cent, just a day after the US carmaker offered discounts …
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. …
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 …
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 …