Etiqueta: Car sales

The Chinese government has previously said automakers will have to repay subsidies that they have been found to have claimed improperly

The company aims to sell over 5,000 vehicles in the Kingdom this year.

Chinese automaker BYD Co. plans to ramp up its expansion efforts in Saudi Arabia, building on momentum from Tesla Inc.’s launch in the country and capitalizing on the kingdom’s push to become a new hub for electric cars.

SHANGHAI/BEIJING (Reuters) -China's Chery and BYD improperly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold in the five years to 2020, accounting for nearly 60% of improper claims, an industry ministry audit found. Chery had 7,663 vehicles disqualified while BYD had 4,973. The ministry, Chery and BYD did not reply to requests for comment.

BYD is the first carmaker to assume full responsibility for an autonomous driving feature in China and the world

The Barefoot Investor Scott Pape has delivered a warning over buying an electric vehicle now.

If there's one thing we know about Chinese manufacturing, it's how cheaply everything's produced compared to the U.S. The automotive sector is no exception.

SINGAPORE — Just minutes before I left Singapore from its beautiful Changi International Airport, a former Nissan colleague called to tell me, “I predict over 500 units.” Naturally, this is an educated guess, and I do not claim that this will happen until the reports are actually out, usually after ... [continued]

BYD Co. registered its best month for car sales this year in June, after slashing prices across its range in a move that drew criticism from government authorities and industry groups.