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…
Tesla Price Cuts Are Resulting In Cancellations For China EV Brands
Tesla’s recent price cuts in China are reportedly resulting in “significant cancellations” for Chinese EV brands. However, deliveries are down month-to-month in October. Last month, Tesla announced some significant price cuts for the Model 3 and Model Y in China….
China’s EV Competition Heats Up In October As Majors Leap In Sales
Aion and Zeekr, the electric vehicle subsidiaries of Chinese automakers GAC and Geely respectively, each broke their monthly records for vehicle deliveries in October, while US-listed EV trio Nio, Li Auto, and Xpeng Motors lagged behind their peers. Why it…
XPENG Announces Vehicle Delivery Results for October 2022
XPeng Inc., a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for October 2022. XPENG recorded monthly deliveries in October of 5,101 Smart EVs, consisting of 2,104 P7s, the Company’s smart sports sedan, 1,665…
China’s Baidu Unveils Limited-Edition EV With Self-Driving Tech
Chinese internet search heavyweight Baidu has debuted a limited-edition electric vehicle equipped with autonomous driving features. The Robo-01 Lunar Edition is priced at 399,800 yuan ($55,300). Baidu’s EV joint venture has already received 1,000 orders and is making an additional…
