BYD, China’s Largest EV Manufacturer, Takes Aim At Southeast Asia Market
China’s largest electric vehicle manufacturer, has begun to penetrate the Southeast Asian market to challenge the stronghold held by Japanese automakers in the region. BYD has launched an offensive on Japanese EVs, which hold more than 80% of market share…
Warren Buffett-Backed Chinese EV Maker Said To Be Mulling Factory In Europe
The EV giant, backed by Warren Buffett‘s Berkshire Hathaway, wants to build a plant in Europe and is considering locations including France, Spain and Germany, French media platform Les Echos reported. Discussions are ongoing with BYD, the report quoted a French Minister as saying. …
Here Are The 5 Major Chinese EV Brands You Should Know About
China, the world’s largest car market, is now a major automobile producer and exporter as well. The Asian giant’s EV edge is thanks to its push for clean energy technology, including in the transportation sector. “Having recognized the potential of electric vehicles 15…
Wang Chuanfu And BYD: Revolutionizing The Electric Vehicle Industry
Everyone has heard of Tesla CEO Elon Musk and the way he is changing the automobile industry. Entrepreneur Li Shufu is also well known as he is the force behind Zhejiang Geely Holding Group which controls many OEMs including Volvo Car Group…
Tesla Revs Up China Expansion As EV Rivals BYD, Geely Race Ahead
According to the Chinese Passenger Car Association, Tesla’s Shanghai Gigafactory delivered 75,842 vehicles in China in April, outpacing Mercedes-Benz, BMW, and Audi. Tesla’s Model Y was the bestseller with 49,059 units sold, followed by the Model 3 with 26,783 units sold. …
China’s BYD Cuts Starting Price For Seal EV; Aims To Extend Lead
SHANGHAI (Reuters) -BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The…
Battle For China’s Electric SUV Market Heats Up At Home And Abroad
SHANGHAI, May 8 (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc (TSLA.O) and BYD (002594.SZ). The market, crowded with more…
China’s Hozon To Produce EVs In Thailand For Southeast Asian Market
BANGKOK – China’s Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region’s major auto production hub. Hozon signed…
Chinese Electric vehicle Brands Expand To Global Markets
YOKOHAMA, Japan (AP) — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of…
China’s BYD Expands EV Deliveries To Germany And Sweden
One of China’s largest auto manufacturers, BYD (Build Your Dreams), recently announced plans to continue its rapid global expansion of electric vehicle deliveries. BYD Auto is considered by many to be one of Tesla’s biggest rivals, and the company isn’t…
