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Chinese Carmakers’ Profit Margins Squeezed Further in 2024

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Chinese Carmakers’ Profit Margins Squeezed Further in 2024
Profit margins in China’s automotive industry were squeezed even further in 2024 as cut-throat competition continued to claim weaker electric vehicle makers.

BYD Offers Discounts Of Up To 11.5% On Select EVs As...

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BYD Offers Discounts Of Up To 11.5% On Select EVs As Year End Nears
Chinese EV giant BYD Co Ltd is reportedly offering discounts of up to 11.5% on its Song Pro DM-i and Qin Plus EV vehicle models.

BYD expands promotion to cover Song Pro DM-i, Qin Plus EV

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BYD expands promotion to cover Song Pro DM-i, Qin Plus EV
BYD has expanded its year-end promotion to cover the Dynasty series' Song Pro DM-i, Qin Plus EV, after starting promotions for some models in the Ocean series two days ago.

Nio’s Onvo L60 delivered 20,000 units three months after the launch

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Nio’s Onvo L60 delivered 20,000 units three months after the launch

Onvo L60 delivered 20,000 units in three months. But its main rival Tesla Model Y doubled this number in a month.

The post Nio’s Onvo L60 delivered 20,000 units three months after the launch appeared first on CarNewsChina.com.

BYD Denza launches 2025 D9 MPV in update of its most...

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BYD Denza launches 2025 D9 MPV in update of its most important model
The 2025 D9 starts at the same RMB 339,800 ($46,560) price as the 2024 model launched in March, but with upgraded features.

BYD fires subcontractor building Brazil EV factory after forced labour claims

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BYD fires subcontractor building Brazil EV factory after forced labour claims
Brazilian officials say conditions were ‘extremely degrading’ at construction site for Chinese carmaker

Workers building BYD factory are victims of trafficking, Brazil says

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Workers building BYD factory are victims of trafficking, Brazil says
More than 160 Chinese nationals working to build a factory for Chinese EV giant BYD are victims of human trafficking, according to Brazilian labour authorities.

Brazil says workers at China’s BYD site are victims of human...

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Brazil says workers at China's BYD site are victims of human trafficking
RIO DE JANEIRO/SHANGHAI (Reuters) -Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labor authorities said on Thursday in a growing controversy in BYD's biggest overseas market. BYD and contractor Jinjiang Group have agreed to assist and house the 163 workers in hotels until a deal to end their contracts is reached, Brazil's Labor Prosecutor's Office said in a statement issued after meeting representatives from both firms. BYD and Jinjiang did not immediately respond to requests for comment.

China’s BYD offers year-end discounts of up to 11.5% By Reuters

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China's BYD offers year-end discounts of up to 11.5% By Reuters
China's BYD offers year-end discounts of up to 11.5%