Automundo China

Chinese EV startup Li Auto's founder and CEO Li Xiang on Friday reportedly backed the use of LiDAR technology in the company's vehicles, saying it is necessary on the roads in China.

An anticipated sales decline after a subsidy expires is expected to exacerbate the financial squeeze that is throttling smaller players.

The increase in Chinese NEV exports is driven by the advantages of its entire industrial chain, along with the comprehensive competitiveness stemming from technological innovation, product quality, and price advantages.

The kit is available for Chinese-built Model Ys made between January 22, 2022, and October 1, 2023

BYD Company Limited (OTCMKTS:BYDDF - Get Free Report) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,195,800 shares, a decrease of 48.2% from the November 30th total of 2,307,300 shares. Based on an average daily trading volume, of 120,700 shares, the short-interest ratio is currently 9.9 days.

Dozens of Chinese workers have been taken and put up in hotels in Brazil’s tropical northeastern region after local labor authorities found them at a construction site for electric vehicle automaker BYD.

Announcement came days after labour authorities also said they found Chinese workers at factory in Bahia were victims of human trafficking.

Brazilian authorities have suspended the issuance of temporary work visas for Chinese electric vehicle producer BYD, the Ministry of Foreign Affairs said on Friday. The announcement came days after labor authorities said they found 163 Chinese workers in "slavery-like" conditions at a BYD factory construction site in the northeastern state of Bahia. According to the foreign ministry, the workers entered Brazil on temporary work visas.

Exclusive-Brazil suspends temporary work visas for BYD-ministry