Etiqueta: Car sales

Chinese automaker BYD has again reshaped Singapore’s automotive landscape, dethroning long-standing market leaders and significantly impacting both European luxury brands and U.S. electric vehicle (EV) pioneer Tesla. Driven by aggressive pricing, a diverse EV lineup, and swift responses to market demand, BYD has become the clear frontrunner in the highly ... [continued]

Auto brands in China accused of inflating sales figures amid fierce competition to meet sales targets, leading to misjudgment of demand.

BYD currently looks like it will undershoot its annual sales target for 2025, in what would be a rare miss after a multi-year bull run.

Shanghai (Gasgoo)- China s Ministry of Finance and State Taxation Administration jointly issued a new notice on July 17, announcing a significant adjustment to

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

RIYADH: Chinese electric vehicle giant BYD Co. is aiming to triple its presence in Saudi Arabia after Tesla Inc.’s recent market entry, the firm’s managing director for the Kingdom has announced.

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