Etiqueta: singapore

Mainland China's billionaires have tightened their grip as Asia-Pacific's wealthiest after their combined fortunes swelled to nearly US$1.8 trillion, with electric-vehicle (EV) maker BYD's founder Wang Chuanfu and bubble tea chain Mixue's bosses among the biggest drivers of that growth, according to a UBS report. Backed by a booming tech sector and surging asset prices, the wealth of mainland China's billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early Apr

A new report by CARMA, BYD vs the World: A Media Intelligence Perspective on a Rising Superbrand, reveals that 65% of global media coverage positioned BYD as a market leader in 2025.

Small on the outside, big on practicality - the BYD Atto 2 proves that an affordable EV can fit the Singapore life perfectly without feeling like a compromise

When Chinese automakers expand overseas, the real battleground lies not on exhibition stands but in people's hearts.

BYD’s EU sales jumped 272% in September while Tesla’s fell 10.5%. The surge boosts the Chinese lead ahead of global expansion.

Chinese EVs like the BYD Atto 3 shine on price sheets, but then viral videos and safety testing complicate the decision to buy.

Shanghai (Gasgoo)- BYD has won Singapore s landmark pilot program for autonomous bus services, becoming the lead supplier in the country s first officially app

BYD recently announced, as reported in Chinese media, that its 8th Ro-Ro (roll on-roll off car carrier) ship recently departed from the Xiaomo International Logistics Port in Shenzhen, bound for Singapore with over 6,000 vehicles on board. The energy-efficient ship and the expansion of BYD’s export capacity is newsworthy in and of itself. BYD’s cooperation with Shenzhen Port Group to develop green shipping corridors is also significant. However, within the context of Singapore, the shipment has massive implications for this relatively small market. In 2024 BYD sold 6191 vehicles in Singapore. Roughly the size of this one shipment. However, that made them the largest automaker in the country for the year. Not just in EV sales, but in overall vehicle sales, overtaking Toyota. In addition, BYD was already the top selling automaker in the first half of 2025, with 4,667 vehicles representing an 80.4% YoY increase, distancing itself from Toyota in second. Meanwhile, Tesla, once the top EV brand, declined to a few hundred vehicles. Between the new shipment and first half sales, BYD is looking at over 25% of the total Singapore market, even without including 3Q sales.

On Thursday, October 2, a consortium comprised of BYD, MKX Technologies and Zhidao Network Technology was awarded a contract with Singapore’s Land Transport Authority (LTA) for autonomous buses to start driverless public operation in the second half of 2026. BYD currently has over 300 electric buses BYD in operation or on order in Singapore. The initial pilot phase will add 6 autonomous vehicles alongside existing buses on the 191 and 400 lines, with potential to add another 14 buses in the trial phase. However, this could increase rapidly, with the LTA planning to have 100-150 autonomous vehicles on the road. As CNA reports:"This phased approach enables LTA to progressively scale up the deployment of autonomous buses, while ensuring bus operations remain reliable and safe… AV buses will complement existing buses, allowing us to maintain routes with lower ridership or introduce new services that are hitherto difficult to introduce due to manpower constraint."