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…
BYD’s Luxury Brand Denza To Release Three More Models This Year: CEO
Denza, a luxury auto brand majority-owned by China’s BYD, said on Monday that it plans to introduce three new electric vehicle models this year as part of its bid to seize market share, Chinese media reported, citing BYD’s chairman Wang…
China’s All-Electric Fleet Is Entering Europe
Days ago, BYD announced the first shipment of 100 all-electric BYD Tang SUVs had left the Port of Shanghai, bound for dealerships in Norway near the end of this summer, with 1,500 slated for delivery before 2022, according to a…
Warren Buffett-Backed Chinese Electric Car Company Outsells Its Start-Up Rivals
Chinese automaker BYD is selling far more luxury electric sedans a month than the leading start-ups in the country, even though sales of electric passenger cars fell 11% last year. BYD, backed by American billionaire Warren Buffett, disclosed that sales…
MEG Announces Purchase Agreement For 2,000 Units Of D1, BYD’s Custom Electric Ride-Hailing Vehicle
Ideanomics announces that its Mobile Energy Global (“MEG”) and its contracting entity Qingdao Chengyang Medici have signed an agreement with Meihao Chuxing, a joint venture between BYD and Didi, to purchase an initial 2,000 units of model BYD D1. The…
