Chery Automobile – Charm

Chinese EV makers’ go-global drive hits bumps amid Beijing’s warning, failed deals

Cs news4 months ago02 mins

The go-global strategy of Chinese electric vehicle (EV) makers has hit speed bumps after Beijing warned them not to invest in certain markets and a battery maker’s failed US$4 billion plan for production in Germany provided a bitter lesson. Companies are realising that cost advantages and a grasp of core technologies are not enough to…

China’s EV king BYD and 3 rivals report record sales as domestic market hums

Cs news4 months ago02 mins

Four major Chinese electric vehicle (EV) makers reported record monthly sales in October, buoyed by surging domestic demand, even as they grappled with barriers to overseas growth amid punitive tariffs levied by the European Union (EU). BYD, the world’s largest EV assembler, sold 502,757 pure-electric and hybrid EVs last month, up 66.5 per cent year…