Etiqueta: DongFeng

In the first half of the year, BYD Group’s cumulative sales reached 2.146 million vehicles, becoming the only Chinese automaker to exceed 2 million vehicles. BYD’s new energy vehicle sales in June 2025 were 382,600 vehicles, a year-on-year increase of 11.98%. Among them, the sales of pure electric vehicles were ... [continued]

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

Meng Jie and Zhang Zibin examine how China’s institutional innovations and inter-governmental competition support a mission-oriented approach to industrial policy and development, distinguishing it from neoliberal models.

BYD, Chery Auto and Great Wall Motor are keen to leverage low prices to get sales where others have struggled because of trade disputes in Europe and 100% tariffs in the US

China's major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.

Recently, the automotive industry has been in an uproar: Great Wall Motors' Chairman Wei Jianjun's statement "the Evergrande of the automotive industry already exists, it just hasn't exploded yet" instantly ignited public opinion. Although no names were mentioned, all eyes are on BYD, which has liabilities of 594.3 billion yuan. At the same time, BYD launched the largest price cut in history during the "618" shopping festival, with 22 models seeing discounts of up to 53,000 yuan, directly causing a major dip in the new energy vehicle sector. This move has made investors restless: on one hand, there's the overwhelming "Evergrande theory," and on the other, a fierce price war...

A ruthless discount blitz from BYD is shaking the foundations of China's auto industry and threatening mass consolidation