Etiqueta: Industry

China EV maker XPeng reported record November sales while Li Auto deliveries fell vs. October. Tesla rival BYD is on tap.

Sodium-ion batteries are undergoing a critical period of commercialization with Chinese cleantech juggernauts actively working on their products.

Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.

This Rapid Growth Rate from increased demand for electric vehicles, renewable energy storage and portable electronics. The market expansion is being driven by advances in battery technology, cost reductions and government policies promoting clean energy transition worldwide, making lithium-ion batteries a key player in the energy industry. Lithium-Ion Battery Market Lithium-Ion Battery Market Dublin, Nov. 28, 2024 (GLOBE NEWSWIRE) -- The "Lithium-Ion Battery Market Report Forecast by Components,

BYD moves to shield itself from looming US tariffs as President-Elect Trump threatens new import taxes on Chinese, Canadian, and Mexican goods. The China-based EV giant has reportedly ordered suppliers to slash costs by 10% starting in 2025.

Also in today’s rundown: SAIC and Volkswagen extend tie-up through 2040, Pudong's party chief busted

BYD has launched what it claimed is the 'world's first high-performance' sodium-ion BESS product, using its Long Blade Battery cell.

Annual price negotiations with suppliers are customary in the automotive industry, Li Yunfei, general manager of Chinese carmaker BYD's Brand and Public Relations Department, said on Wednesday. The post came after a leaked e-mail sent from BYD to its suppliers showed that the automaker asked suppliers to reduce prices by 10 percent from January 1, 2025.

Toyota, BYD Co and Honda have been highlighted in this Industry Outlook article.

China's BYD sets negotiable price reduction targets for suppliers