BYD Co Ltd
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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China’s Xpeng delivers over 30,000 vehicles for the sixth consecutive month
People visit XPENG booth at 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Chinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering more than 30,000 vehicles for the sixth consecutive month. That represents a 273% year-on-year […]
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China and the U.S. are ‘critical and strategic allies,’ Pakistan’s finance minister says
Roads of Karachi, Pakistan, dated 2022 Muhammad Aqib | Moment | Getty Images Countries around the world have been feeling the pressure of tariffs imposed on their exports to the U.S., as well as the trade tensions between the world’s largest superpowers. Pakistan is no exception. U.S. President Donald Trump had imposed a 29% duty […]
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China’s CATL claims to beat BYD’s EV battery record with longer range on a 5-minute charge
A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China November 8, 2024. Kevin Krolicki | Reuters China’s CATL, the world’s largest supplier of EV batteries, announced a set of new incoming products Monday, including a battery it claims has set a “new global […]
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