Etiqueta: GAC

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

BYD, already a clear leader in the Chinese auto market, has been accused of indulging in unfair competition with repeated price cuts and by forcing others to follow suit.

On Thursday, BYD Company Limited (OTC:BYDDF) announced plans to nearly triple its dealership network in South Africa by 2026. This aggressive expansion aims to grow the company’s market share in what is considered Africa’s largest automotive market. BYD launched in South Africa in 2023 with its battery electric ATTO 3 vehicle and currently operates ~13 […]

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...

At the Shanghai Auto Show, humanoid machines stole the spotlight, now they’re headed to the factory floor.

Changan's Thailand plant will have an initial annual capacity of 100,000 units per year and will gradually expand to 200,000 units in the future.