BYD forms new team to focus on end-to-end tech use in smart driving
BYD formed a forward-looking team this week to focus on the use of end-to-end technology, according to local media.
Li Auto puts overseas market expansion back on table, targets Middle East, Latin America, report says
Li Auto has recently created a first-tier division responsible for overseas market expansion, putting a much-changed international expansion plan back on the table.
Xpeng to formally launch P7+ electric sedan on Nov 7
Xpeng began pre-sales of the P7+ on October 14 at a starting price of RMB 209,800 ($29,450) and received more than 30,000 pre-orders in the first 1 hour and 48 minutes.
Nio hiring senior talent in China to expand Middle East team, report says
Nio has recently been hiring in China to expand its Middle East team, offering positions at senior director and above, up to assistant vice president level, according to local media.
China asks automakers to pause investment in EU countries that support EV tariffs, report says
Chinese automakers, including BYD, SAIC and Geely, were told at a meeting on October 10 that they should suspend plans for heavy-asset investments such as setting up factories in countries that support the EV tariffs, according to Reuters.
China NEV retail at 946,000 in Oct 1-27, down 1% from same period last month
China's retail penetration of NEVs was 52.2 percent in October 1-27, and 46.46 percent year-to-date.
Geely unveils new hybrid system EM-i to take on BYD's DM-i
Geely has unveiled the more fuel-economy-oriented Leishen EM-i hybrid system, following the previous launch of the more performance-oriented Leishen EM-p.
BYD posts record Q3 net income, notably outperforms Tesla on revenue
In dollar terms, BYD posted revenue of $28.2 billion in the third quarter, significantly outpacing Tesla's $25.18 billion, after being essentially tied in the fourth quarter of 2023.
Renault building R&D team in China to develop EVs for Europe, report says
Renault is building an EV R&D team in Shanghai to target mass production of a new model by the end of 2025, but the new model will be built and sold only in Europe, according to a media report.
Nio's Middle East backer CYVN to buy sports car maker McLaren's auto business
CYVN reached a non-binding agreement to acquire 100 percent of McLaren's automotive business from Bahrain's sovereign wealth fund Mumtalakat.