Automundo China
South Korea holds emergency meeting as EV fires stir consumer fear
South Korean officials met on Monday to discuss electric vehicle safety and whether to require car firms to disclose battery brands amid growing consumer concern after an EV blaze in an underground garage extensively damaged an apartment block. The fire on Aug. 1, which appeared to start spontaneously in a Mercedes-Benz EV parked below a residential building, took eight hours to put out, destroying or damaging about 140 cars and forcing some residents to move to shelters. On Tuesday, transport ministry officials will hold talks with automakers, including Hyundai Motor Group, Mercedes-Benz Korea and Volkswagen Group Korea, to discuss the proposal to disclose battery brands used in EVs, media reports said.
Chinese satellite broadband launch rocket breaks up
Plus: Vietnam's PM leads chips push; Tesla backs out of Thailand; Drones fly trash off Everest; and more
Tesla China delivery centers were packed over the weekend—here’s why
A Tesla Delivery Center in China was full of buyers taking delivery over the weekend, as captured in video footage and bolstered by the...
CATL opens first EV experience center showcasing nearly 100 models
CATL officially launches new vehicle showscase in Chengdu. The plaza services as a centralized showcase for viewing new EVs.
The post CATL opens first EV experience center showcasing nearly 100 models appeared first on CarNewsChina.com.
Will Saudis’ $1.5B cash infusion help Lucid compete with Tesla?
The Saudi-backed electric vehicle maker Lucid has never been profitable, but the kingdom remains strategically committed to it amid the growing EV market in the Gulf.
Audi with new sub-brand and first electric study from SAIC cooperation
Audi presented a new sub-brand for electric cars in China - and unveiled the first representative with the advertised AUDI label. The manufacturer's classic four-ring logo is nowhere to be seen on the concept car. The production-ready debut model of the new Chinese brand is due to launch in 2025.…
BYD launches Sealion 6 DM-i hybrid SUV in Thailand
Previously BYD's available models in Thailand were three BEVs -- Dolphin, Sealion and Atto 3.
Boyd Group Services (TSE:BYD) Announces Quarterly Earnings Results
Boyd Group Services (TSE:BYD – Get Free Report) announced its quarterly earnings data on Thursday. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.82 by C($0.05), reports. The firm had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services […]
International report – China signs billion-dollar deal for car factory in...
China’s car giant BYD’s announcement to build a billion-dollar factory in Turkey represents a significant turnaround in bilateral relations. However, concerns persist regarding human rights issues and…
BYD’s record sales, global footprint face tariff threats from EU and...
In July 2024, BYD achieved a significant milestone by setting a new record for new energy vehicle (NEV) sales. The company sold 342,383 NEVs, marking a robust 30% increase from the previous year. This impressive performance underscores BYD’s growing dominance in the global electric vehicle market. However, as BYD seeks to broaden its reach into the...
