Chinese Automaker

Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world's largest auto market. A slowing economy hits the luxury market --------------------------------------------- A prolonged property downturn in China has left many consumers with little appetite for big purchases. Meanwhile, the well-to-do are becoming increasingly shy about publicly displaying their wealth, said Paul Gong, UBS head of China Automotive Industry Research. Many car buyers have been swayed by a 20,000 yuan (USD 2,830) trade-in subsidy offered by the Chinese government for purchasing electric and plug-in hybrid vehicles. People tended to purchase cheaper, entry-level cars where the discount will count more and those cars are mostly .

A Chinese firm this week began trial production of flying cars stated to be the next generation in the world of transportation, ahead of US firm Tesla and others plans to launch the same shortly. Xpeng Aeroht, the flying car affiliate of Chinese electric vehicle maker Xpeng on Monday began trial production at the world's first intelligent factory for mass-produced flying cars --- a milestone in the commercialisation of next-generation transport. Located in the Huangpu district of Guangzhou, the capital of south China's Guangdong Province, the 120,000-square-metre plant has already rolled out the first detachable electric aircraft of its modular flying car, the Land Aircraft Carrier, the state-run Xinhua news agency reported. The facility is designed to have an annual production capacity of 10,000 detachable aircraft modules, with an initial capacity of 5,000 units. It has the largest production capacity of any factory of its kind, and will be capable of assembling one aircraft ever

Autonomous-driving technology is considered a strategic sector by Beijing, which has set out a policy that aims for China to become the world leader in driverless vehicles by 2035

Automaker blamed 'industry malpractices' and 'excessive marketing' for pressuring its bottom line - an ironic twist considering BYD has been a major driver of the price war

The Shenzhen-based automaker opened the "all-terrain circuit" in Zhengzhou, a city with over 10 million people in central China, earlier this month

Ten-year-old Leapmotor has won over investors by outcompeting its peers in price, principally by producing a large proportion of components in-house

BYD's core domestic car deliveries fell 8% in June as rivals like Geely, Xpeng, and Xiaomi gained ground, even as overseas and commercial sales were excluded from the tally

Xiaomi has set a delivery target of 350,000 units in 2025, up from its previous goal of 300,000, buoyed by demand for the newly launched YU7 and a ramp up in production

Considering the first three months of the year are generally the slowest for Chinese automakers, with the period containing the long Lunar New Year holiday, BYD looks set for a strong 2025

Electric vehicle maker BYD promises gas-like refuelling speeds with latest EV charging platform, plans nationwide charging network in China

Over 4,700 complaints were filed against BYD cars between February 11-17 on 12365auto.com, a third-party auto consumer complaints platform, compared with about 150 the week before

Simultaneous shift toward advanced EVs in the market dominated by local manufacturers such as BYD is also hurting the likes of JLR, Porsche AG and Mercedes-Benz Group AG

Auto expo 2025: China remains a key supplier of auto parts to India, accounting for approximately 30 per cent of India's component imports, valued at around $6 billion in FY24

Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme

Chinese auto component makers are likely to skip the upcoming Bharat Mobility Show which is scheduled to be held from January 17-22 at three different locations across Delhi-NCR. The six-day Bharat Mobility Global Expo 2025 will be held between January 17 and 22 next year at Bharatmandapam, Yashobhoomi (India International Convention and Expo Center) Dwarka, and India Expo Center & Mart, Greater Noida, simultaneously. "I don't think so," Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta said when asked about the participation of the Chinese in the marquee auto event. "We don't have booking from the Chinese...I mean, we did not close the booking for anyone, but they did not apply (on the portal)," he added. In the expo, over 50 countries are expected to participate. About 35 vehicle makers will participate in the Auto Expo Motor Show 2025. Sectors which will be represented include auto, auto components, tyres, e-mobility, software, steel ..

During August to October, BYD added nearly 200,000 units in production capacity and hired 200,000 workers for auto and part manufacturing

Two investors, including Chinese carmaker BAIC, have indicated on buying shares worth $74.9 million in the IPO

China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it strongly opposes the measures and insisted its move was designed to protect the EV industry and support a global transition toward greener technologies. The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices. The duties are set to remain in force for five years, unless an amicable deal can be struck. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing's burgeoning exports of green technology to the bloc. China alleged that the EU move amounted to an abuse of trade remedies that violates WTO rules, and amount

BYD plans to expand its sales touchpoints, aiming to double their number within the next 6 to 8 months, Rajeev Chauhan said

It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues