Xiaomi SU7's top-trim will be priced at around $50,350, report says
The top-trim version of the Xiaomi SU7 has a vehicle price of RMB 361,400 at the time of insurance purchase, and the starting prices for the full lineup will likely be in the range of RMB 250,000 to RMB 370,000, according to local media.
BYD enters Rwanda with launch of Atto 3
BYD entered into a partnership with Rwandan distributor CFAO Mobility in 2023, and the local launch of the Atto 3 marks its official entry into the East African market.
Analysts explain why BYD's average profit per car fell in Q4
BYD's average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, a team of analysts said.
Baidu-backed Jiyue to unveil 2nd model Jiyue 07 at Beijing auto show
The Jiyue 07 will be unveiled at the Beijing auto show in April and deliveries will begin in the second half of the year, according to local media.
Tesla gets 22.5% of its revenue from China in 2023
In the fourth quarter, Tesla's revenue from China was a record $6.1 billion, or 24.25 percent of its total revenue.
BYD expects profit growth of up to 86.49% in 2023
BYD achieved a significant improvement in earnings, demonstrating strong resilience despite tougher competition in the industry, the company said.
Battery maker Gotion expects 2023 profit to increase by up to 253%
Gotion said further reductions in raw material costs and the introduction of Volkswagen's management system have helped it improve efficiency.
MG launches limited-edition new variant for electric roadster Cyberster in China
The new variant of the Cyberster revives the color scheme of some of the classic models in MG's history, with only 100 units offered in the first round of sales.
GAC Aion enters HK market, plans to build 6 stores in 2024
GAC Aion has launched the Aion Y Plus in Hong Kong and gave its Hyper sub-brand's Hyper HT SUV, Hyper SSR supercar their debut in the city.
Tesla's new Model 3 Performance could be launched in China in Q2, report says
The new Tesla Model 3 Performance is expected to go on sale in China in the second quarter, and its price tag will likely be close to RMB 400,000 yuan, according to local media.