Etiqueta: Industry

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?

From Batteries to Buses to Cars for the World—Inside the Rise, Strategy, and Innovation of BYD

The "One, Big, Beautiful Bill" has been signed into law. Here's how it will help China dominate U.S. in global EV race, according to experts.

Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

China's industry ministry said on Wednesday that it would accept complaints from auto suppliers if major Chinese automakers fail to honor their commitment to timely payments, aiming to address suppliers' concerns over loopholes in payment regulations.

Chinese brand BYD looks set to introduce an electric version of the Sealion 8 large SUV after the plug-in hybrid version arrives next year.

Chinese electric vehicle giant BYD is set to launch its first assembly plant in Brazil this month, a strategic move to localize production and counter rising