Etiqueta: Tesla

Brands such as MG, BYD and Xpeng are making big inroads into country’s auto market, competing on quality as well as price

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Editor’s note: BYD is clearly on a huge roll, after more than a decade of growth and rapid innovation. Its sales are booming fast, and it is establishing itself firmly as the #1 plugin ... [continued]

BYD went on a hiring spree over the past few months as sales and profits reached new levels. With momentum...

Plus BYD made more money than Tesla last quarter and Volkswagen admits it’s been in trouble for “decades”

The Chinese commerce ministry said on Monday it will file a lawsuit with the WTO against the EU's tariffs on Chinese electric car companies.

As of now, all provinces in China have implemented the car replacement subsidy policy and brought a new wave of growth momentum to the automative market, the CPCA said.

The sales figures reflected the increasing popularity of hybrid electric vehicles and the slowing growth of fully battery electric vehicles (BEV) in the world’s largest auto market.

BYD made 1.3M NEVs in 3 months, hired 200K people and increased production, surpassing Tesla in Q3 revenue but trailing in net profit.

"China's EV market is the largest in the world and also delivers fast growth," Vincent Sun, senior equity analyst at Morningstar said.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Cleantech industries are flying, and the past two weeks show more evidence of that. Check out some of the biggest recent stories in the update below. Note that this is part of CleanTechnica’s weekly ... [continued]