Chinese electric vehicle (EV) manufacturer BYD is targeting first-time buyers in Hong Kong with the launch of a competitively priced car model, building on its recent ascension as the local market leader, overtaking Tesla. On Friday, the Shenzhen-based carmaker introduced the Atto 2, a fully electric right-hand-drive compact SUV priced at HK$169,800 (US$21,630) after tax…
Aggressive pricing, shrewd tax engineering and a trusted local partner have propelled China’s BYD to a commanding position in Sri Lanka’s electric vehicle and hybrid market, disrupting a sector long constrained by import restrictions and setting the stage for dramatic expansion. Sri Lanka’s car market, starved of new imports for nearly five years under a…
Malaysian carmaker Proton on Monday launched the country’s first home-grown electric vehicle (EV), priced nearly US$10,000 cheaper than the nearest rival offered by Chinese EV giant BYD, as the company aims to make electric mobility more affordable for Malaysians. Chinese EV giants have shifted their focus to Southeast Asia due as tariffs hinder their access…