Etiqueta: SAIC-GM

Recently, the automotive industry has been in an uproar: Great Wall Motors' Chairman Wei Jianjun's statement "the Evergrande of the automotive industry already exists, it just hasn't exploded yet" instantly ignited public opinion. Although no names were mentioned, all eyes are on BYD, which has liabilities of 594.3 billion yuan. At the same time, BYD launched the largest price cut in history during the "618" shopping festival, with 22 models seeing discounts of up to 53,000 yuan, directly causing a major dip in the new energy vehicle sector. This move has made investors restless: on one hand, there's the overwhelming "Evergrande theory," and on the other, a fierce price war...

As BYD slashes prices again, automakers, regulators, and suppliers react sharply, warning of unsustainable tactics and long-term market risks

BYD ranked No. 1 in the global BEV market in the first quarter with a 15.4 percent share, while Tesla was No. 2 with 12.6 percent.

SUVs you can take across a lake, electric-powered 911 fighters, robots, and flying cars: This isn’t your average auto show.

China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.

The new Electra-GS is being described by one company executive as a design manifesto

China's wholesale sales of passenger NEVs were estimated at 1.14 million units in February, up 37 percent year-on-year and up 37 percent from February.

It’s the closest race the electric vehicle market has ever seen. In 2024, Tesla held on to its crown as the world’s leading battery electric vehicle (BEV) brand—but just barely. With 1.789.226 units sold, Tesla outpaced China’s BYD by a razor-thin margin of only 24.234 vehicles. That’s a 1% drop…

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