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The Rocky Road for EV Sales Is Being Paved

The Rocky Road for EV Sales Is Being Paved

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Berkshire Hathaway announced that it would be selling another 1.3 million shares of EV maker BYD. Does Buffett know something about EV sales?
Microsoft, Polestar, BYD, Adidas, Disney, AMC - Markets Defused

Microsoft, Polestar, BYD, Adidas, Disney, AMC – Markets Defused

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Markets Defused gives an easy-to-understand and straightforward recap of the day’s most engaging business and stock market news.   Microsoft is set for...
Six EVs Were Driven Till They Died, Guess Which One Came Last | Carscoops

Six EVs Were Driven Till They Died, Guess Which One Came...

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Six EVs Were Driven Till They Died, Guess Which One Came Last
BYD, Toyota, Polestar reprieve: Tesla Model Y to soldier on without major update in 2024, says Elon Musk - EV Central

BYD, Toyota, Polestar reprieve: Tesla Model Y to soldier on without...

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The top-selling Tesla Model Y will soldier on unchanged until at least 2025 according to Tesla boss Elon Musk.
76 Percent of Those Under Age 40 Would Consider a China-Model Car

76 Percent of Those Under Age 40 Would Consider a China-Model...

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Despite privacy concerns, a huge majority of young adults would buy a car from a Chinese auto company. Biden wants to stop them.

Is Polestar Automotive Holding UK PLC (NASDAQ:PSNY) the Large Cap EV...

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We recently compiled a list of the 15 Biggest EV Stocks in the World in 2024 and in this article, we discuss whether Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is the largest EV stock globally in 2024. According to the Global EV Outlook 2024 by the International Energy Agency, electric car sales surged in 2023, […]
Chinese giant BYD butchers popular EV now left to rot in Aussie 'graveyard'

Chinese giant BYD butchers popular EV now left to rot in...

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The electric vehicle brand has seen record sales in Australia at a time when other brands are facing an unknown future.
BYD Has Big Plans. Can Biden Stop It?

BYD Has Big Plans. Can Biden Stop It?

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The Biden administration's new tariffs on Chinese EV imports are aimed at blocking the entry of brands like BYD into the U.S. market.
Tesla's China-made EV sales fall in April as rival BYD shows growth

Tesla’s China-made EV sales fall in April as rival BYD shows...

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Elon Musk has pushed his company to go all-in on China in recent weeks to drive up sales

China auto show puts smart at centre of car wars- Republic...

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Showing off.  Smart cars ruled at this year’s Beijing auto show. BYD, Geely and peers touted everything from self-driving software to massage chairs. But on the sidelines of the show, Tesla's plans to work with Baidu on data collection and introduce its 'Full Self Driving' system in China stole the limelight. Global peers from Toyota Motor to Volkswagen are also using local partnerships to drive faster and smarter.When Chinese drivers buy a middle-of-the-range model for $30,000 or more, a “stupid car” is no longer acceptable, says Maxwell Zhou, CEO of DeepRoute.ai, which makes software for intelligent vehicles. The price point at which customers expect advanced assisted driving is falling, too, he adds.Even cheap and cheerful rides are becoming more sophisticated. On Thursday Xpeng shared plans for its new sub-brand, Mona, short for Made of New AI. The aim is to disrupt the mass market by offering cars equipped with self-developed smart-driving tech, on which the $7.7 billion outfit run by He Xiaopeng has built its reputation, for less than 150,000 yuan (around $20,000).Many of the 700 exhibitors displayed digital flourishes. Geely's Zeekr 001 can call out warnings to pedestrians - and give them a flashing thumbs up. Premium Polestar showcased smartphones that share an operating system with its cars; at the other end of the market, Dongfeng's $9,600 Nammi flaunted phone-controlled locks. Around the hall, cockpits boasted double or triple screens as standard.The country's tech juggernauts and startups are turbo-charging the trend. On the eve of the show, Huawei launched a new intelligent driving software brand, hailing 2024 as the first year for 'mass commercialisation of smart driving'. The company, whose auto unit more than doubled its sales last year to 4.7 billion yuan, says some half a million cars will be using its systems by the end of this year.Chinese brands already hold nearly 80% of the domestic market for new energy vehicles, according to a presentation from state-backed automaker Changan Automobile on Wednesday. A rapid push into smart driving and other novelties gives them an edge that could extend this lead.However, overseas rivals are forging local partnerships to avoid being left behind a second time. News of its deal with Baidu sent Tesla's stock up 15% on Monday. Japan's Toyota Motor and Nissan Motor announced cooperation with China's Tencent and Baidu, respectively. Volkswagen also touted a new intelligent driving system developed together with Xpeng. The collaboration has already helped speed up the development of new models by as much as 30%, the German company says.Such new cross-border alliances will give domestic marques a run for their money - and drive China's car wars into an intense new battle.