Etiqueta: Industry

Chinese automaker Nio and BYD are considering a battery supply collaboration.

In China's EV sector, Nio (HKG: 9866) is said to have entered an agreement with rival BYD (HKG: 1211) to source batteries for its new EV brand

BYD executive denied the news that BYD is going to launch electric motorcycles and electric bicycles.

China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said. It also shows the impact of unrelenting competition over the price of new EVs in China's market, and batteries, the largest single cost in a new vehicle. Nio, which launched as a start-up a decade ago, had intended to produce batteries in-house but abandoned those plans in December as it shifted its focus to cutting costs to reverse losses.

Exclusive-China's Nio turns to rival BYD to power new EV brand, sources say

France aims fourfold increase in the sale of electric vehicles to eight lakh per year by 2027. It also targets a sixfold increase for electric light commercial vehicles to one lakh a year.

Europe's leading NGO campaigning for cleaner transport

French Finance Minister Bruno Le Maire welcomes BYD's investment in France amid declining revenue due to declining demand and pricing battles in China.

Chinese President Xi Jinping embarks on his first European tour in five years, with discussions on Chinese electric vehicle exports a critical topic. The ... Alcoholic Beverage, automobile, automotive, battery, BYD, car, electric vehicle, europe, European, Expansion, Export, Exports, finance, France, Hungary, import, Middle East, Serbia, United States, WTO, Xi Jinping