Etiqueta: Industry

Chinese electric vehicle maker BYD has failed to make a significant impact in the South Korean market six months after its entry. Low consumer trust in Chinese cars and a continuing slowdown in electric vehicle demand are cited as the main reasons for its lackluster performance. According to market tracker Carisyou on July 13, BYD sold 1,337 units ...

In a pivotal moment for the global electric vehicle (EV) industry, Chinese automaker BYD has officially overtaken Tesla in worldwide car deliveries, signalling a...

BYD claims that it will accept liability for when its self-parking cars crash as it boasts of Level 4 autonomy.

NIO Profitability? NIO’s got a big target in mind. It is aiming to finally achieve profitability in the 4th quarter of this year. Naturally, that’s a huge deal for the company. Tesla’s stock price soared in 2019 when it finally achieved profitability, and I think most investors assume startup car ... [continued]

As China emerges as a global hub for smart manufacturing and technological innovation, German companies are ramping up their presence and partnerships in the country, moving beyond traditional technology transfer to embrace joint R&D and ecosystem-level collaborations.

Over a year after its $1B deal, Chinese automaker has yet to begin work on its planned plant in Türkiye, OSD Chairman Eroldu says

SHANGHAI/BEIJING (Reuters) -China's Chery and BYD improperly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold in the five years to 2020, accounting for nearly 60% of improper claims, an industry ministry audit found. Chery had 7,663 vehicles disqualified while BYD had 4,973. The ministry, Chery and BYD did not reply to requests for comment.

TSMC has confirmed that it will phase out its gallium nitride (GaN) foundry operations within two years, which is expected to shake the industry given its role as the global leader in GaN wafer fabrication. The move has drawn attention to Navitas Semiconductor, a key TSMC GaN client that first disclosed the exit before TSMC confirmed it. Navitas, now parting ways with its long-time partner, is actively searching for alternative foundry partners.

There is a shocking zero-profit secret behind China's EV giant. As it squeezes out competitors, can BYD survive an honest assessment of its weak balance sheet?