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BYD eyes 50% overseas sales after it posts strong first half results

Rising overseas shipments contributed to a record June quarter for deliveries for BYD, with the company posting a 40 per cent year-on-year increase in electric and plug-in hybrid sales

Xiaomi will swallow EV losses for now to join Tesla, BYD in big leagues

We're more focused on our growth than profitability at this point, said Lam, a trained engineer and former Credit Suisse banker who orchestrated some of Xiaomi's biggest bets

Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost

Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision

Uber partners with BYD to put its drivers into Chinese firm's 100,000 EVs

The pairing up cuts against increasing tensions between Washington, Beijing over future of automotive industry as China has lead in batteries and EV supply chain, and US has tried to push against it

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

EU to impose up to 25% additional tariffs on imported Chinese EVs

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals

China's BYD launches new hybrid vehicle tech with lower fuel consumption

Plug-in hybrids priced from 79,800 yuan ($11,011) have made up the bulk of BYD's sales in the past three years, with an accumulated 3.6 million such cars sold by the company

Will increase production to meet demand, deliver 120K EVs: Xiaomi

In China, Xiaomi's largest market for its smartphone business, shipments rose 8.6%

Honda to scale down production, cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China, where the growing dominance of local players such as BYD and a brutal price war are causing them to lose market share

US tariff hike on Chinese goods: Experts fear China may dump EV, batteries

India also has a policy in place that requires the government's approval to allow FDI proposals from countries sharing land borders, such as China

Tesla's China manufactured electric vehicle sales decline 18% in April

The sharp slide contrasts with rising EV sales in the world's largest auto market, albeit at the slowest pace in a year in the first quarter, amid slowing demand and a ferocious price war

China's EV maker Nio strikes deal with larger rival BYD to source batteries

Nio currently buys most of its batteries from industry-leader CATL

Electric cars, digital connectivity dominate at Beijing auto show

Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Electric vehicles accounted for about a quarter of all auto sales in China last year. Hybrids, which have trailed EVs, are expected to be a growing segment going forward. China's largest EV maker, BYD, showed off two dual-mode plug-in cars that can run either solely on electricity or as hybrids. The other is a hybrid off-road SUV from its luxury Yangwang brand in the 1 million Yuan-plus (USD 1,40,000) range. China's EVs, represented by (BYD's) Qin and Han series, have successfully realized the large-scale replacement of traditio

BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study

Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday

BYD hands back top EV seller title to Tesla after Q1 sales decline

Tesla's decline comes amid softer overall demand and a slowdown in the Chinese market where local rivals led by BYD upped the ante in a price war for buyers

BYD plans to cover 90% of India's EV market in 2024, to target major towns

Chinese electric vehicle maker BYD plans to cover 90 per cent of the EV market in India by the end of the year as it strengthens leadership position in EVs priced above Rs 30 lakh category, a senior company official said on Tuesday. BYD India, which launched its electric sedan SEAL priced between Rs 41 lakh and Rs 53 lakh, is working to achieve homologation certification from ARAI for its electric SUV Atto 3 which will lift the restriction on import volume of 2,500 units. Homologation is the process of certifying vehicles for roadworthiness under rules specified by the government for all vehicles made or imported into the country. "Our target is that we cover 90 per cent of the EV market in India. That is what we are planning to do by this year, which means we will be present in major towns, and tier I cities. "Wherever we see the electric vehicle penetration is high, wherever the electric vehicle sales are, where it is growing," BYD India, Senior Vice President of Electric Passeng

Explained: How China built electric vehicle company BYD, its Tesla killer

The leading Chinese EV company has posted two years of million-car growth in sales

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Tesla (brand value down 12 per cent to $58.3 billion) has dropped out of the top 10, falling to 18th place in the ranking

BYD's chartered vessel sets sail with 5,000 electric vehicles for Europe

Chinese automakers including BYD, Chery Automobile and SAIC Motor have been placing orders for vessels to counter rising shipping costs as they boost exports

How China's top automobile manufacturer BYD beat Tesla at its own game

The company is able to offer a wide range of affordable EVs at low prices, maximizing sales (if not revenue) while expanding its footprint in new markets