Etiqueta: smart

Manufacturers are continuing to slash prices and offer premium features to lure in customers

Shares of Tesla Inc. (NASDAQ: TSLA) might be in for a rough week, according to fund manager Gary Black, following the announcement of steep discounts by the company's Chinese rival.

Build Your Dreams (BYD) out of China is going where Tesla has never dared to go by unveiling a new e7 EV with 'impossible detail' at a desirable price.

SHANGHAI (Reuters) -Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world's largest auto industry was in an unhealthy state. The Hong Kong-listed shares of BYD Co Ltd closed 8.6% lower, while Geely Auto fell 9.5%. Chinese electric vehicle giant BYD over the weekend announced a fresh round of subsidies and incentives for more than 20 models, which reduced the starting price of its cheapest model, the pure battery-powered Seagull hatchback, to 55,800 yuan ($7,765).

Chinese automaker BYD plans to enter the Japanese market with a compact electric kei car. Recently seen on Japanese roads, the EV meets Japan's strict kei car standards and may launch by 2026. Japan's kei car market remains tightly guarded by unique rules. Known as "keijidōsha," these vehicles must stay under 3.4 meters long, 1.48 meters wide, and ...

After poaching some of the best Western auto talent, China’s car industry is about to dominate globally with charging rates, ranges, luxury design, technology, and sheer volumes.

Analysts believe BYD's price discounts could lead to further price competition in China and spark more rivals to follow suit.

BYD, leveraging its cost advantages and strong Chinese market presence, has overtaken Tesla in global EV sales, necessitating BYD's continued focus on affordability and international expansion, while Tesla needs to diversify its lineup and reduce costs.

Today, we're looking at European buyers are picking BYD over Tesla, and the UAW says Stellantis' proposed Detroit hub will cut jobs.

The Seagull, rebranded in Europe as the Dolphin Surf, went on sale in 15 European countries on Wednesday.