BYD

For dealer stores that meet their sales targets, BYD will give them a reward of RMB 666 for every vehicle they have sold, according to local media.

The Yangwang brand delivered 1,593 vehicles and Fang Cheng Bao 5,086 vehicles in December.

BYD sold 3,012,906 passenger NEVs in 2023, including 1,574,822 BEVs, 1,438,084 PHEVs.

Customers who buy the Frigate 07 between January 1 and January 31 will get a discount of RMB 18,000, which is up to RMB 7,000 for the Seal series.

Shenzhen-based UBTech, a maker of humanoid robots and smart service robots, made its debut on the Hong Kong stock market today with a market capitalization of HK$38 billion.

BYD said it received its first permit on July 21, the first in China, and emphasized that L3 autonomous driving is not fully self-driving.

BYD will build an NEV production facility in the Hungarian city of Szeged, which will be constructed in phases and is expected to create thousands of local jobs.

BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times.

As of mid-December, Fang Cheng Bao had 120 directly-managed stores in 62 cities in China.

The US government is discussing raising tariffs on some Chinese goods, including EVs, the Wall Street Journal reported. Chinese EVs currently entering the US are already subject to a 25 percent tariff.