Etiqueta: Industry

New concept previews rear-driven BYD Ocean-M hatchback, which is tipped to get a racey range-topper

China’s BYD is unleashing a series of new electric vehicles as it expands the brand globally. BYD unveiled two new...

The old school motor show is alive and well in China, where both local and European brands have unveiled a plethora of new models

Organisers say that 117 new models are making their debut at Auto China 2024, which runs through May 4

High-tech off-road 4x4s and electric speedster hint at rapid expansion of the Chinese giant's nascent brand

The electric Mercedes G-Class, BYD's first pick-up and Ora's 395bhp sports saloon are among the headliners

U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets.

Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry. And even as firms face down a cut-throat price war at home and mounting regulatory pressure overseas, executives and attendees were upbeat.

China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back. The last thing China needs is more electric cars crowding a market, driving down prices at the expense of profit. Exporting that overcapacity, however, has brought EV makers to authorities' attention.