Etiqueta: Shanghai Auto Show

China's major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.

Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.

AUSTIN, Texas (Reuters) -Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. BYD shook up China’s smart-EV industry earlier this year by offering its “God’s Eye” driver-assistance package for free, undercutting the technology Tesla sells for nearly $9,000 in China. “With God’s Eye, Tesla's strategy starts to fall apart,” said Shenzhen-based BYD investor Taylor Ogan, an American who has owned several Teslas and driven BYD cars with God’s Eye, which he called more capable than Tesla’s “Full Self-Driving” (FSD).

The BYD Seal 06 DM-i plug-in hybrid station wagon has arrived at dealers across China ahead of the sales launch.

The world’s largest EV maker now has the world’s fastest DC charger

BYD plans to expand its dealer network in South Africa to 20 stores by the end of this year and increase to 30 to 35 stores by 2026.

China's 1,000-mile EVs, such as those from BYD, are set to eliminate range anxiety, with more range than many of their Western rivals and at lower price points

The pre-sales price range for the BYD Seal 06 EV is RMB 120,000 ($16,670) to RMB 150,000.

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

China's commerce ministry will meet with industry bodies and automakers to discuss the sale of used cars that have never been driven, Reuters reported.