BYD

BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.

BYD continues its post-Chinese New Year model update move with refreshed versions of the Ocean series' Song Plus, Seal DM-i priced significantly lower than previous versions.

BYD has lowered the starting prices of the Han and Tang by RMB 20,000 and RMB 30,000 respectively, taking the price war further into the mid-to-high-end EV market.

BYD presented the Seal U DM-i at the Geneva auto show and plans to launch the model in Europe in the second quarter.

BYD is set to announce a 4-million-unit target, with a higher 4.2 million sales forecast given to suppliers, including 2 million BEVs, and 2.2 million PHEVs, according to local media.

BYD launched the updated Qin Plus sedan on February 19, the first model it's updating in its second offensive against traditional fuel cars.

The Yangwang U9's powertrain delivers up to 1,306 Ps of horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds.

FinDreams said it will offer safer, more reliable batteries for electric two-wheelers, after a recent deadly accident revived concerns about the safety of electric two-wheeler batteries.

Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.

BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company's shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital.