Etiqueta: Car sales

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great

Carmaker BYD last week offered discounts for many of its models, triggering industry concerns about another price war.

Analysts believe BYD's price discounts could lead to further price competition in China and spark more rivals to follow suit.

The milestone means Fang Cheng Bao has delivered about 8,650 units so far this month.

The BYD e7 is a midsize sedan that is expected to primarily target the shared mobility market.

A new vehicle by Chinese manufacturer Omoda resembles a Lamborghini, offering a futuristic looking vehicle with an accessible starting price of $30,000.

Chinese electric vehicle giant BYD has become the best-selling car brand in Singapore for the first time, surpassing Toyota and far outselling Tesla in the first four months of 2025, according to newly released government data. The milestone marks a significant breakthrough for BYD’s international strategy. The company is aggressively ...

Retail sales of passenger vehicles in China reached 2.084 million units in June, up 18.1 percent year-on-year and up 7.6 percent month-to-month, according to data released by the China Passenger Car Association (CPCA) on Tuesday.