BYD expects H1 profit to rise as much as 225.43% year-on-year to $1.64 billion
BYD's earnings preview implies that its net profit for the second quarter will be RMB 6.37 billion to RMB 7.57 billion, up 128.56 percent to 171.62 percent year-on-year.
BYD seeks approval to produce EVs and batteries in India, report says
BYD has submitted a $1 billion investment proposal to partner with a local company to produce EVs and batteries in India, according to Reuters.
Tesla begins selling China-made Model Y in South Korea
Tesla began selling China-made Model 3 and Model Y models in Canada earlier this year.
Regulatory filing: Avatr files for Avatr 12 that could compete with Nio ET7
The Avatr 12 is a mid-to-large-sized sedan that will be powered by electric motors supplied by Huawei and will be available in single-motor and dual-motor versions.
Nio reaches new milestone of 25 million battery swap services
Nio has provided 5 million battery swap services in the last 102 days, meaning an average of about 50,000 services per day.
Chinese lithium giant Tianqi leads Series A funding in Mercedes-Geely JV Smart with $150 million
Tianqi has acquired a 2.83 percent stake in Smart, giving the Mercedes-Geely JV a valuation of $5.3 billion.
Nio's William Li questions US protectionism, demands equal access to US market
Li questioned why Chinese companies face hurdles in selling high-tech cars to US consumers, while Tesla's Musk was given the red-carpet treatment by senior Chinese officials last month.
Buying BEV platform in China could be 'big bang' for VW stock to win over large investors, says Deutsche Bank
Buying a BEV platform in China could be one of the "big bangs" needed for Volkswagen stock to break out of what can by now only be characterized as being largely ignored by many of the largest asset managers globally, Deutsche Bank said.
Tesla Shanghai plant sees 1 millionth Model Y roll off line
Tesla's Shanghai factory, which went into operation at the end of 2019, is the first wholly foreign-owned automotive manufacturing project in China.
Audi reportedly in talks to buy platform from SAIC's EV unit IM Motors
Audi seeks to take over the EV platform owned by IM Motors, with talks in an advanced stage, according to a Reuters report.