BYD Co Ltd
Tesla inks first deal to build China’s largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help […]
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Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — As China’s electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt […]
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CNBC’s The China Connection newsletter: AI integration gives China supply chains an even greater advantage
A humanoid robot from UBTech moves a load onto an automated guided vehicle (AGV) in an electric car factory for Geely-backed Zeekr on Aug. 5, 2024, in Ningbo, Zhejiang province of China. Vcg | Visual China Group | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings […]
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China’s Leapmotor and Huawei-backed Aito report record high deliveries in May as competition heats up
Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%. Cfoto | Future Publishing | Getty Images Chinese electric carmakers Leapmotor and Aito reported record high deliveries in May, while other startups struggle to catch up as the price war intensifies. Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting […]
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China urges halt to auto industry’s bruising price wars
People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and […]
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China’s EV price war is heating up. What’s behind the big discounts?
Key Points Industry giant BYD announced a slew of discounts — some of nearly 30% or more – on selected models. The average car price has fallen by around 19% over the past two years in China to around 165,000 yuan ($22,900). Rather than reflecting market expansion, double-digit growth of new energy vehicles sales in […]
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China auto market price war stokes fears of industry shake-out
FILE PHOTO: A visitor stands next to a BYD Sealion 7 EV car at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. Athit Perawongmetha | Reuters An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market. Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a […]
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China’s BYD sees shares plunge 8% as EV maker cuts prices
FILE PHOTO: The company logo of China’s automaker BYD is seen on a car outside its headquarters in China’s southern city of Shenzhen. Bobby Yip | Reuters Shares in BYD plunged as much as 8.25% Monday, a steep drop from their record high last week, as investors assessed the Chinese electric vehicle giant’s price cuts […]
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Xiaomi takes aim at Tesla’s bestselling car in China with its longer-range YU7
Key Points China’s Xiaomi is taking aim at Tesla’s bestselling car in China with the YU7 SUV due for launch this summer. “We expect Yu7 would significantly erode Tesla Model-Y’s China market share,” Citi analyst Jeff Chung said in a report Sunday. The YU7 is positioned as a “luxury SUV” and its sales could outperform […]
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