Etiqueta: subsidy

BYD faces delays in Korea's EV market due to subsidy requirements, leading to consumer complaints.

BYD Korea has hit an unexpected snag after failing to meet the timeline for the delivery of its Atto 3 flagship electric SUV, as the vehicle did not pass an updated subsidy rule set by the local environmental authority.

The compact SUV was presented on Tuesday at the La Défense Arena in Paris.

Xpeng was at 8,800 units, Li Auto 7,700, Zeekr 3,500, Leapmotor 5,500 and Aito 3,900.

BYD could become the "Toyota" of the global EV market, said JPMorgan.

The EU should revamp its industrial policy for clean technologies not to cede leadership in clean tech manufacturing to China as Trump's America backtracks from decarbonisation goals.

Chinese automakers are making significant strides in their global expansion, with Chinese brands attracting a multitude of attention at the Indonesia International Motor Show and some companies reporting robust sales in overseas markets.

After decades of growing trade and current account imbalances in the U.S., the new administration has set out to change this equation. Now, a new mercantilism, rooted in tariffs and trade protection…

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