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Chinese BYD benefits from massive subsidies, outspending OECD countries: Reports

Chinese BYD benefits from massive subsidies, outspending OECD countries: Reports

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A study by the Kiel Institute reveals that China outspends OECD countries on subsidies, with BYD being the primary beneficiary. BYD has received significant government assistance, amounting to billions of euros, propelling it to become a major player in the global electric vehicle market.

Dongfeng Honda launches new electric car brand Lingxi

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Honda, together with its Chinese joint venture partner Dongfeng, has unveiled a new electric car brand aimed primarily at younger customers. The new brand is called Lingxi and is expected to launch its first model in 2024.

China’s Didi, GAC to roll out self-driving EV robotaxis

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Joint venture plans to start production in 2025 for ride hailing

China sales surge in December and 2023 – Just Auto

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The domestic vehicle market was estimated to have expanded by just 6% to 25.18m units last year

Honda presents new electric car series for China

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In the run-up to Auto China, Honda has unveiled a new series of electric cars for the Chinese market. The first two models, Ye P7 and Ye S7, are due to go on sale this year. Honda is also showing a concept car.