Etiqueta: Industry

Experts say price cuts and a shift in consumer preference from gasoline-powered vehicles to EVs are driving strong sales for Chinese EV makers.

BYD has achieved record-breaking sales of electric and hybrid vehicles in the second quarter, according to sales data compiled by Bloomberg News.

BYD just saw its 7 millionth NEV roll off the line on March 25.

Ayvens, a leading global sustainable mobility player, has signed a Memorandum of Understanding (MoU) with BYD, a world leading manufacturer of new energy vehicles (NEV), to maximize and enhance a business relationship to support the distribution of electric passenger cars and light commercial vehicles for corporate and retail customers in Europe.

BYD Co sold a record number of electric and hybrid cars in the second quarter (2Q), sales data compiled by Bloomberg News shows, as price cuts and new technology stoked consumers into purchases. China’s best-selling car brand sold nearly one million models over the period, solidifying a rebound after a slow start to the year. The sales were driven in part by the company’s move to reduce prices across most models earlier this year, sacrificing profitability, to target gasoline models made by foreign brands.

The Chinese ride-hailing app has acclimated remarkably well to local conditions, challenging simplistic narratives about the entry of Chinese companies into the region.

In a draft regulation, the Beijing government is promising support for autonomous driving tech and greater use of collected user and mapping data.

China’s BYD is leading a pack of electric vehicle (EV) manufactur­ers that are taking the world by storm. Not only have they over­taken their

The BYD bet turned out to be one of Berkshire's best, with its value ballooning to $8 billion at BYD's peak as the EV market exploded.

In a striking forecast, industry experts predict that by 2030, one in every three cars sold worldwide will be produced by a Chinese carmaker.