Etiqueta: subsidy

At least 21 EV models would be fitted with the system, bringing down the entry cost for EVs with autonomous driving capabilities.

In the 2024 global automotive sales ranking, BYD ranked fifth in the world with sales of 4.27 million vehicles, while Geely Group entered the top ten with sales of 3.34 million vehicles. This marks the first time that two Chinese independent car manufacturers have entered the global top ten, demonstrating the strong growth and international competitiveness of the Chinese automotive market. With the increasing penetration of new energy and intensified market competition, it is likely that more Chinese car manufacturers will join the global top ten in the future

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which w

The European Commission can take a better route than imposing countervailing duties on Chinese electric vehicles

BYD, the world's largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks to its fast-growing global operations from the yuan's volatility amid rising geopolitical tensions. "To offset the adverse impact from wild fluctuation in exchange rates and save financial expenses, the company has decided to carry out foreign exchange hedging through derivatives trading," BYD said in a filing to the Hong Kong stock exchange on the weekend. "T

Chinese EV makers BYD, Geely, and SAIC contested EU's import duties at Court of Justice. Tesla excluded from tariffs, gaining only 7.8% tax.

BYD Korea will adopt a similar strategy to AliExpress by prioritizing the expansion of its initial market share through aggressive pricing even at the cost of a low margin, experts and industry officials said Monday.

Chinese EV manufacturer BYD is on track to complete its $1bn production facility in Indonesia by the end of 2025, the company’s Indonesia president director Eagle Zhao told Reuters.

In push for expansion, Chinese EV giant slashes Korean prices to less than half of what they charge in US or Europe

BYD will start delivering the Atto 3 in South Korea in February and plans to launch the Seal electric sedan and Sealion 7 electric SUV in the country in the second half of this year.