Global demand for electric vehicles (EVs) has cooled in recent months after a dramatic rise over the last decade, leading several major car manufacturers to scale back electrification plans. Despite a slowing domestic economy, China is steaming ahead with its own transition to EVs. And while legacy Western automakers seem to have hit a speed…
CLN KraneShares Week in Review Asian equities were mostly higher this week as the US Fed cut interest rates by 0.50% and Hong Kong outperformed while Mainland China underperformed. Appliance giant Midea listed its shares publicly for the first time on the Hong Kong Stock Exchange on Tuesday, representing the first IPO of a Mainland-listed…
Then Wood took a second leap of faith: He chose an Atto 3, made by China’s BYD Co. Ten months later, he remains impressed by the SUV’s range, handling, comfortable seats, trunk space and voice-controlled sunroof. Wood calls it “genuinely a lovely car to drive.” Wood had never heard of BYD before test-driving the Atto…
Chinese electric vehicle (EV) makers have shifted into a higher gear when it comes to launching new models, as they strive to stay ahead of the competition amid fast-changing consumer tastes. However, high development costs and a brutal price war are making it difficult for most of them to achieve profitability. More than 50 new…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! When I saw the latest new energy vehicle (NEV) insurance registrations in China, my first reaction was just wonderment at how much BYD dominates the market. But then I was like, “well, this is nothing new — BYD’s been…
By: HT Auto Desk | Updated on: 12 Sep 2024, 08:29 AM Chinese government has urged local players to take the route of manufacturing key components and exporting these for assembly at the intended market. File photo of BYD electric vehicles at a manufacturing facility in Thailand. (REUTERS) The Chinese government has asked local manufacturers…