Automundo China

BEIJING (Reuters) -China's June car sales fell 6.9% from a year earlier, extending declines for a third straight month as government incentives failed to spur consumer demand in a sputtering economic recovery. Passenger vehicle sales totalled 1.78 million in June, with the pace of decline picking up from a 2.2% drop in May and a 5.8% fall in April, China Passenger Car Association data showed on Monday. A cut-throat price war since 2023 helped to lift China vehicle sales earlier in the year but is having less effect in recent months despite fresh government subsidies for trading in cars, which were announced in April.

Chinese automaker BYD is investing more in Thailand despite receiving backpack over price cuts.

Xiomi SU7: Lei Jun, Xiaomi's founder, launched SU7 EV, leveraging smartphone expertise in EV intelligence. Initially in China, SU7, with competitive pricing, delivered 30,000 units, now showcased in India, targeting global expansion. Amid global EV sales stagnation, Jun eyes India for local manufacturing under EV policy, requiring an Indian partner.

Rajeev Chauhan has been appointed as the Vice President of the Electric Passenger Vehicle Business at BYD India, succeeding Sanjay Gopalakrishnan. Chauhan's extensive experience and strategic vision are expected to strengthen BYD India's presence in the electric vehicle market.

The “Car Drive System Market” Research Report serves as a comprehensive guide, providing crucial insights into industry Top players [BYD, Zhongshan Broad-Ocean Motor Co.,Ltd., Bosch, JEE,...

As the company continues to expand its footprint in the electric vehicle market, the leadership and vision of Chauhan are expected to drive the company’s growth and innovation.

BYD India is preparing to launch a new, budget-friendly variant for the Atto 3, on July 10th. This new variant prioritizes affordability.

The expansion will be aided by technology from US-based electric vehicle manufacturer Tesla, according to reports from Chinese news outlets.

The Chinese car manufacturer BYD will acquire 20 percent of the Thai Rever Automotive Read all the news on Agenzia Nova

In major news on Hong Kong stocks, BYD Co. Limited (HK:1211) agreed to acquire a 20% stake in its Thailand-based distributor, Rever Automotive. The acquisition is p...