EV Tag

16 Apr Electric vehicles: China’s Chery Automobile enters UK’s car rental business as its Omoda EVs are leased out by Octopus

Posted at 09:28h in Asia

The tie-up between Octopus and Chery comes just a month after the UK company signed a preliminary agreement with China’s BYD to buy 5,000 cars from the world’s largest electric vehicle (EV) builder over the next three years.“The fleet business in developed markets like Europe...

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12 Apr Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

Posted at 12:30h in Asia

Spotlight Automotive, BMW’s 50-50 electric vehicle (EV) venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.Cars including models under BMW-owned brand Mini will be sold in markets such as Europe and Southeast Asia after Spotlight starts...

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08 Apr China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Posted at 22:00h in Asia

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market.The mid-sized, five-seater Li L6 sport-utility vehicle (SUV) will be priced below 300,000 yuan (US$41,470), the...

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07 Apr Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Posted at 10:15h in Asia

Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader in the market rather than a price follower.”The SU7, fitted with intelligent features such as...

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03 Apr Tesla knocks BYD off its perch as world’s largest pure EV makers struggle to win new customers in China’s shrinking market

Posted at 07:54h in Asia

Tesla regained its crown as the world’s biggest seller of pure electric vehicles (EVs) in the first quarter, as Huawei Technologies and other start-ups snapped at the heels of the market leader BYD, driving the industry into a ferocious price war in China.Deliveries by the...

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28 Mar BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

Posted at 13:00h in Asia

BYD, the world’s largest electric-vehicle (EV) maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.Wang Chuanfu, the Shenzhen-based carmaker’s chairman and...

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25 Mar Xiaomi CEO Lei Jun teases price of SU7 electric car as showrooms in China begin displaying vehicle

Posted at 06:25h in Asia

Xiaomi CEO Lei Jun teases price of SU7 electric car as showrooms in China begin displaying vehicleXiaomi’s CEO said on Monday his goal for the firm’s first electric vehicle (EV) was that it would be the “best looking, easiest to drive and smartest car” priced...

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25 Mar China EV war: BYD takes on laggards Toyota, VW with steep price cuts

Posted at 04:32h in Asia

Not content with unseating Tesla as the world’s top-selling electric-vehicle maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in one of the most aggressive rounds of discounting seen in China’s bruising price war.The Shenzhen-based carmaker...

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19 Mar Nvidia expands ties with Chinese EV makers including BYD, Xpeng, as auto AI race heats up

Posted at 06:40h in Asia

Nvidia said on Monday it is expanding its collaborations with BYD and other Chinese carmakers that are racing to build self-driving vehicles and AI-augmented infotainment technology to compete in global markets.BYD, which overtook Tesla last year as the world’s top electric vehicle manufacturer, will use...

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17 Mar Premium Chinese EV maker Xpeng eyes slice of mass-market segment with launch of cheaper models to take on bigger rival BYD

Posted at 05:00h in Asia

Chinese premium electric-vehicle (EV) maker Xpeng plans to launch a mass-market brand in a month to challenge market leader BYD amid an escalating price war.Models under this new brand will be fitted with autonomous driving systems and will be priced between 100,000 yuan (US$13,897) and...

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