BYD Expects Profits to Top $2.5B in 2022
Chinese electric vehicle and battery maker BYD released its performance forecast for 2022 on January 30. The company expects to have achieved an operating income exceeding 420 billion yuan ($62.19 billion).
Category: Auto
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A Chinese Company Encourages Employees to Sell Their BMW Cars
On April 21st in Suzhou, China, rumors have it that a certain company has issued a notice requiring employees who drive BMW branded vehicles to sell them within one month and replace them with domestic cars.
China Passenger Car Association Announces Sales Rank of NEVs in China in May
According to statistics released by the China Passenger Car Association Cars (CPCA) on Friday, the sales volume of domestic passenger cars reached 1.354 million units in May, down 16.9% year-on-year.
6/10/20222 min read
NIO to Spin Off Battery Production Unit by Year-End
Chinese EV maker NIO is planning to separate its battery production unit as part of its strategy to become more profitable, according to anonymous sources cited by Reuters.
BYD Inks Deal With Malaysian Auto Dealer Sime Darby Motors
Chinese electric vehicle manufacturer BYD signed a contract on September 28 with Sime Darby Motors (SDM) Malaysia, reaching a cooperation agreement regarding passenger cars.
10/10/20222 min read
China to Accelerate Development of Methanol-fueled Vehicles, Geely Makes Plans in Advance
China's Ministry of Industry and Information Technology said on September 16 that the development of the methanol-based economy has played an important role in diversifying energy sources and ensuring the country's energy supply.
9/19/20223 min read
NIO, XPeng and Li Auto Make Further Chipmaking Progress
A group of China's top new energy vehicle makers including NIO, XPeng Motors and Li Auto have all been researching the development of their own automated driving chips.
10/9/20224 min read
BYD Announces Two Versions of Han EV, Release on April 10
Chinese EV maker BYD announced its new Han EV Genesis Version on Wednesday. The new vehicle will be launched together with the Han EV Jade Green Limited Version on April 10.
4/7/20222 min read
NIO Starts Delivery of ET5
NIO's second sedan ET5 officially started delivery in cities including Shanghai and Suzhou. Aiming at the pure electric, mid-sized luxury vehicle market, the ET5 will compete against products such as the Tesla Model 3 and BMW 3 Series.
Zeekr to Launch SUV and Sedan, Enter Europe Next Year
Geely-owned premium electric vehicle brand Zeekr launched its second model, the Zeekr 009, on November 2. In addition, CEO An Conghui revealed that the company will launch two new cars during mid-to-late 2023, and that one is an SUV and the other is a sedan.
11/3/20223 min read
Tesla Names Tom Zhu as Senior Vice President for Automotive Operations
Tesla named Tom Zhu, who led the construction and operations of Tesla's Shanghai factory, as senior vice president for automotive operations, a regulatory filing on April 6 showed.
Pony.ai's New Robotaxi Debuts in Beijing
On April 14th, Pony.ai announced that the new generation Robotaxi model has successfully launched in Beijing.