With electric car sales accounting for 41 per cent of its more than 4 million vehicle sales last year, BYD has overtaken the US EV specialist as the world’s top EV seller. BYD‘s vehicle production fell 0.9 per cent in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese…
Two gatherings in Beijing on Wednesday set the scene for China’s response to ongoing global economic disruptions. A meeting of the CPC’s Politburo pledged to maintain current macroeconomic policy, to “stabilize the fundamentals of foreign trade and investment,” and to support companies impacted by economic shocks. Chinese President Xi Jinping also led a gathering of non-Party…
Australia’s electric vehicle market is booming, but scratch the surface and there are still big roadblocks ahead. At a recent EV show in Melbourne, shiny new models and bold branding painted a picture of progress — yet behind the scenes, questions remained about affordability, infrastructure, and looming tax changes that could slow the momentum. “Next…
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…
Chinese electric vehicle giant BYD is reportedly set to launch its first Pakistan-assembled car by July or August 2026, aiming to tap into the growing demand for electric and plug-in hybrid vehicles in the region. According to a report in Reuters, the move comes as BYD expands its global footprint amidst an intense price war…
CLN KraneShares Key News Asian equities delivered mixed performance overnight, as Vietnam outperformed on a trade deal, while Taiwan, South Korea, and Thailand all lagged amid the absence of new deals. News broke that Treasury Secretary Scott Bessent will travel to Stockholm to meet his Chinese counterparts, a potential signal of further thawing in US-China…
Momentum in the Hong Kong fundraising market that comes after initial public offerings (IPOs) is set to continue, senior investment bankers said, driven by the robust capital needs of mainland firms and global investors reorienting their portfolios towards Chinese assets. The amount raised using follow-on offerings – including share placements and equity-linked debt issuances like…
Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world’s largest electric vehicle (EV) market amid increasing competition from domestic rivals. The new variant, dubbed the Model Y L, is set to debut this autumn, the US EV giant…
Hong Kong stocks rose on Thursday, led by carmakers, after China pledged to curb “irrational competition” in the electric vehicle (EV) sector. The Hang Seng Index advanced 0.3 per cent to 24,602.04 at 9.40am local time. The Hang Seng Tech Index added 0.3 per cent. On the mainland, the CSI 300 Index strengthened 0.3 per…
Hong Kong stocks rose by the most in two weeks on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index advanced 1.4 per cent to 24,545.57 at 10am local time, the most since June 24, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index jumped…