Etiqueta: Industry

BYD's brand chief refuted recent allegations based on metrics including debt ratio, total debt, and payment cycles to suppliers.

Magna, Forvia and Aptiv have had early success in winning new business with Chinese automakers overseas. The prospect of speed is often the key to closing a deal.

Tesla's sales in Europe and the UK have plummeted by nearly half, according to a report by tech news outletTechCrunch on Tuesday. The European Automobile Manufacturers Association (ACEA) revealed that Tesla sold just 7,261 vehicles in the European Union (EU), European Free Trade Association (EFTA), and the UK in April, marking a steep 49% decline c...

SHANGHAI (Reuters) -A large dealer of Chinese electric vehicle maker BYD's cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. The affected stores are spread across four cities, including Jinan and Weifang, the newspaper said, citing visits it had made.

Indian auto production could grind to a halt within days due to Chinese export restrictions on rare earth magnets, according to company executives and documents from industry groups, which want the government to lobby Beijing to relax the curbs.

BYD's aggressive price cuts are rattling China's EV giants. Margin squeeze and fierce competition threaten the sector's future.

Brazilian labour prosecutors have initiated legal action against Chinese carmaker BYD, accusing the company and its contractors of human trafficking.

BYD chairman Wang Chuanfu delivered the 10,000th N9 to Zhou Jian, founder of UBTech.

From Europe’s Chinese EV investment dilemma to makers racing to develop flying cars, here are seven EV stories you may have missed.

The labour prosecutors' office in Bahia state are seeking 257 million Brazilian reais ($45.5m; £33.7m) in damages from BYD and two contractors.