China’s hyper-competitive electric vehicle market means that even top players, such as BYD Auto, are no longer immune, as smaller players continue to gobble up increasing market share. This comes as growth in the world’s largest EV market slowed over the summer, with mounting headwinds expected this fall. BYD, the world’s largest EV maker, slashed…
SciSparc Ltd. (Nasdaq: SPRC), a clinical-stage pharmaceutical company, announced that shareholders of both SciSparc and AutoMax Motors Ltd. have approved their proposed merger. The strategic reverse merger will result in SciSparc acquiring 100% of AutoMax’s share capital, with SciSparc shareholders retaining 50.01% ownership of the combined company….
DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with the system, while also getting the latest news and weather information, according to the updated terms of use posted this month on the US carmaker’s mainland website. ByteDance’s Doubao large language model (LLM) would facilitate…
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment. The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan…
Investors today are looking for companies that aren’t just talking about change, but are leading in cleaner energy and lower emissions. One company doing exactly that is BYD Company Limited (HKEX: 1211 | OTC: BYDDY). With record EV sales, strong profits, and real action on sustainability, the Chinese EV maker stands out. In this article,…
TLDRs; Xiaomi plans to begin selling electric vehicles internationally in 2027, focusing first on satisfying domestic demand. The SU7 sedan and YU7 SUV are driving strong sales at home, but long delivery delays are testing consumer patience. Production capacity remains a bottleneck, with Xiaomi working to scale from 150,000 units annually to meet demand. The…
Chinese electric vehicle (EV) maker Xpeng launched its G7 SUV on Thursday, sending another contender into a fierce battle in the premium SUV segment of the world’s largest EV market, where it joins Xiaomi’s recently introduced YU7 in taking on Tesla’s market-leading Model Y. Dubbed Xpeng’s first “Super AI [artificial intelligence] car”, the G7 starts…
China’s electric vehicle (EV) maker Leapmotor has signed a carbon credit transfer agreement with Italy’s Stellantis. The plan sees Stellantis buying CO₂ credits from Leapmotor, which can generate these credits through producing and selling zero-emission vehicles (ZEVs). The deal reflects how EV manufacturers are not only cutting emissions but also earning revenue by selling tradable…