Chinese Electric Car Firms

Why China's electric trucks are becoming world's biggest diesel disruptor

China's rapid adoption of electric heavy trucks is already denting diesel use and could reset global fuel-demand trajectories faster than analysts expected

BYD's $100 billion EV success turns into a $10 billion cash outflow problem

Despite record EV sales and more than $100 billion in revenue, BYD is burning billions in cash as tighter competition, slower model upgrades and rising costs squeeze its margins at home and abroad

China's EV boom burdens auto insurers with mounting, chronic losses

Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage

Xiaomi to release software update for 115K SU7s, fix assisted driving issue

Over-the-air (OTA) updates to software in China that are related to autonomous driving require regulatory approval to prevent automakers from using them to conceal defects or avoid liability

China stockpiling so much oil raises questions despite surge in EVs

China has purchased more than 150 million barrels - costing about $10 billion at current prices - above its actual use so far this year

Hong Kong pitches itself as local assembly base for Chinese EV makers

Hong Kong seeks growth through new industries after economic setbacks from political crackdowns, COVID isolation, and a property slump, weakening its status as a top financial hub

BYD sees first profit drop in 3 yrs, showing no automaker safe in price war

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

BYD denies Hyderabad EV plant plans, calls investment reports 'untrue'

Chinese EV giant BYD dismissed the reports of investment in manufacturing plant in India as 'untrue' in an official statement posted on its WeChat account

Toyota launches its cheapest smart EV in China in bid to boost market share

Toyota and its Chinese partner, state-owned Guangzhou Automobile Group (GAC), had first unveiled the car at an autoshow in Beijing last year

Chinese buyers likely interested in unwanted German Volkswagen factories

Buying a factory would allow China to build influence in Germany's prized auto industry, home to some of the oldest and most prestigious car brands

China leads global EV sales as it hits third consecutive record high

China continued to lead sales growth, accounting for almost 70 per cent of total EV sales in the month, while registrations in Europe showed a marginal decline

China's stimulus package has EV makers talking 'best golden week' in years

With electric vehicles in China now comprising one-in-three new car sales in some parts of the country, many of those road trips were made in an EV, although government doesn't break out exact figures

EU governments face pivotal vote today for imposing Chinese EV tariffs

In the absence of a qualified majority either way, the EU executive can adopt the tariffs, however, it could also submit an amended proposal if it wanted to secure greater backing

EU headed for 'economic cold war' with China: Hungary's PM on EV tariff

Earlier on Friday data showed Hungary's industrial output falling by a worse-than-expected 9.5 per cent in August, which Budapest said was due to the weakness of the German economy

Biden admin to prepare ban on Chinese car software to prevent hacking

Lael Brainard, director of the White House's National Economic Council, is set to speak Monday in Detroit about the Biden administration's efforts to strengthen the US auto industry

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

Turkey to soon unveil deal with China's BYD for $1 billion EV plant

Turkey's President Recep Tayyip Erdogan is expected to announce the deal on Monday during a ceremony in Manisa province

EU set to disclose tariff rates for Chinese electric vehicles this week

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals. Still, there is virtually no support for tariffs from the continent's auto industry

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

Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons

Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market