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Wang Chuanfu

China’s firms risk stunting growth with ‘vicious competition’, senior official says

by Anas Siddiqui
China’s firms risk stunting growth with ‘vicious competition’, senior official says

As a fierce debate rages among China’s biggest electric vehicle (EV) manufacturers over an ongoing price war, a senior official has invoked “involution” – a term popularised by pessimistic online …

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BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

by Anas Siddiqui
BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

BYD, the world’s largest electric-vehicle (EV) maker, reported a sharp fall in quarter-on-quarter profit after deliveries slumped by a third amid a bruising discount war in mainland China. Backed by …

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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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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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Apple CEO Tim Cook meets BYD, other key mainland suppliers in Shanghai as US tech giant opens 57th China store

by Anas Siddiqui
Apple CEO Tim Cook meets BYD, other key mainland suppliers in Shanghai as US tech giant opens 57th China store

At Apple’s office in Shanghai, Cook on Wednesday met two billionaire company founders: Wang Chuanfu, the chairman and chief executive of the world’s largest electric vehicle maker BYD, and Zhou …

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Apple CEO Tim Cook goes on a charm offensive in China amid weak iPhone sales in the world’s largest smartphone market

by Anas Siddiqui
Apple CEO Tim Cook goes on a charm offensive in China amid weak iPhone sales in the world’s largest smartphone market

Apple chief executive Tim Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD in Shanghai, ahead of the company’s new store opening in …

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China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value

by Anas Siddiqui
China’s BYD to spend US million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value

BYD, the world’s largest electric vehicle (EV) maker, plans to buy back 400 million yuan (US$55.56 million) worth of its mainland-listed shares, with the aim of lifting the company’s stock …

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China EVs: BYD plans US$14 billion investment to develop smart cars, seen as the next battlefield

by Anas Siddiqui
China EVs: BYD plans US billion investment to develop smart cars, seen as the next battlefield

BYD, the world’s largest electric vehicle (EV) maker, will invest 100 billion yuan (US$14 billion) in smart cars, as the company expects intelligent new energy vehicles to be the next …

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China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles on fourth-quarter EV sales surge

by Anas Siddiqui
China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles on fourth-quarter EV sales surge

BYD, already the world’s largest producer of electric vehicles (EVs) – a category that includes plug-in hybrid cars – is poised to gain more bragging rights as global deliveries of …

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Auto Industry Lobbying Kills Europe’s Strict New Emission Rules

by Horatio Thompson
Auto Industry Lobbying Kills Europe’s Strict New Emission Rules

Good morning! It’s Tuesday, November 7, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are …

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