Chinese electric vehicle (EV) maker Leapmotor opened its first retail store in Hong Kong on Wednesday, as founder and CEO Zhu Jiangming said the company’s debut in the city would be a stepping stone to greater international success. The new outlet, in the Cityplaza complex at Taikoo Shing on Hong Kong Island, is the company’s…
China has pledged to improve oversight of the country’s electric vehicle (EV) market to curb undercutting and boost the industry’s overall fortunes, where only three EV makers are currently profitable. Zheng Bei, deputy head of the National Development and Reform Commission (NDRC), mainland China’s economic planning agency, told the China EV 100 forum in Beijing…
A BYD Co Dolphin Mini electric vehicle in Mexico City. The Dolphin Mini will be renamed the Surf … More when it goes on sale in Europe in June. Photographer: Jeoffrey Guillemard/Bloomberg © 2024 Bloomberg Finance LP The European Union’s sales targets for electric vehicles in 2030 and 2035 look impossible, despite the imminent arrival…
1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as…
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…