Tesla’s Chinese Rivals Set New Records
Tesla’s competition in the electric vehicle market has been heating up over the past two years as more EV manufacturers ramp up production and deliveries. Elon Musk’s Austin, Texas-based company has seen its share of the EV market shrink from…
China Regulator Says Tesla Recalls More Than 80,000 Cars
Tesla Inc is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese market regulator revealed on Friday. The U.S.-based electric car maker has recalled…
BYD To Build 20 GWh Battery Plant In China
BYD is further expanding its battery production capacities in China with a new plant in Wenzhou in Zhejiang province. The new factory will have an annual capacity of 20 gigawatt-hours and is scheduled to start production in 2024. The only…
Chinese NEV Startup Letin Closes ‘Series A’ Funding
Chinese new energy vehicle startup Letin announced on Monday the completion of its Series A financing, which raised for the company a total of 3.2 billion yuan ($446.896 million). According to the company’s press release, the fresh round was led…
China’s Electric Car Market Becomes A Challenge For Foreign Joint Ventures
A slow roll-out of electric cars and continued demand for internal combustion engine models in China, the largest market for cleaner vehicles, is setting some of the world’s biggest car makers back. Among the joint ventures of major international players,…
China’s BYD Expands Electric Vehicle Operation in Brazil
Chinese automaker BYD Co Ltd will start selling two new electric vehicle models in Brazil this month, betting on favorable political and environmental developments in Latin America’s largest vehicle market, the company said. “I believe now is the right time…
China Automotive Systems Reports a 26.8% Net Sales Increase in 2022 Third Quarter and 175% Diluted EPS Growth in First Nine Months
China Automotive Systems, Inc., a leading power steering components and systems supplier in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2022. Third Quarter 2022 Highlights Net sales increased by 26.8%…
Toyota, Volkswagen, BMW and Other Auto Majors Show Off New EVs At The 2022 China Import Expo
Global automakers have brought strong electric vehicle offerings to China’s annual import fair, the 2022 China International Import Expo (CIIE). They include Volkswagen, BMW, Toyota, Honda, Ford, Hyundai, and GM. These traditional automakers are accelerating new EV rollouts in China…
China To Build More Innovative, Reliable Supply Chains
China will step up and push to build more innovative, higher value-added, and reliable industrial and supply chains, as part of the nation’s broader push to help maintain the resilience and stability of global supply chains, a senior official said….
BYD Delivered A Record 217,816 EVs In October, Up 169% From Last Year
BYD said on Thursday that it sold 217,816 electric vehicles in China in October, jumping by over 169% year-on-year, and representing an increase of 16,557 units from a month earlier. Vehicle deliveries totaled nearly 1.4 million units from January to…
