Semi Tech announced on Wednesday that it has recently completed A++ and B rounds of financing with a total amount of 540 million yuan ($80.6 million).
A new energy industrial site in the southern Chinese city of Shenzhen spanning over 550,000 square meters was sold on Monday to Shenzhen BYD Auto Industry Company Limited for 403 million yuan ($60.3 million).
A series of undercover photos showing BYD's new small pure electric vehicle named "Seagull" have recently been leaked on Chinese social media platforms.
Hanma Technology, a subsidiary of Geely Commercial Vehicle Group, announced on Tuesday that it will stop the production of traditional fuel vehicles from December 2025, focusing instead on new and clean energy alternatives.
Chinese electric vehicle maker BYD on Tuesday disclosed recent progress on its new energy power battery production base in Shaoxing, Zhejiang Province.
The BYD Seal vehicle will begin mass production this month, with an estimated monthly capacity of 15,000 units.
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.
Leading Chinese automaker BYD's flagship SUV, the Tang DM-p, opened for pre-sale on Thursday night. The new model has three versions, with a pre-sale price range of 292,800 yuan - 332,800 yuan ($43,761 - $49,740).
Chinese electric vehicle maker BYD held its 2021 annual stockholders meeting on Wednesday. Wang Chuanfu, Chairman of BYD, said at the meeting that the first half of developing new energy vehicles is electrification and the second half is intelligence.
Lian Yubo, Executive Vice President of Chinese automaker BYD and President of BYD's Automotive Engineering Research Institute, said that BYD will supply batteries to Tesla. Regarding this news, a Tesla spokesperson responded to domestic media on Thursday, saying, "We have not heard this information."
Chinese automaker BYD unveiled photos on Wednesday of its flagship SUV, the Tang DM-p, and announced that a pre-sale launch event for the new car will be held on June 9.
Company Market Cap's list of automakers showed on Tuesday that Tesla ranks first in terms of total value, followed by Toyota, and that BYD has surpassed Volkswagen to take third place.
Chinese automaker BYD announced Wednesday that it plans to use its own funds to buy back RMB common shares (A shares) through centralized bidding or other means approved by the China Securities Regulatory Commission.
Chinese electric vehicle maker BYD is reportedly in talks to buy six lithium mines in Africa. The total resources of lithium oxide at a 2.5% grade in the six lithium mines are estimated at more than 25 million tons.
According to a record sheet of investor relations disclosed by Chinese automaker BYD on May 27, the firm will aim to further enhance its popularity in Brazil's passenger car market with the introduction of its Han EV series.
According to the China Association of Automotive Manufacturers (CAAM), BYD and Tesla saw the most remarkable annual SUV sales growth rates from January to April of 2022.
According to the website of the Chinese Consulate-General in Edinburgh, Consul General Ma Qiang paid a visit to British bus manufacturer Alexander Dennis Limited in Falkirk, Scotland to tour the production lines of electric buses manufactured in partnership with BYD.
BYD's Qin Plus DM-i Executive Edition has entered the market with a price tag of $24,853. The new car still maintains the current model design, equipped with a special 1.5 L high-efficiency engine and a pure electric cruising range of 55 km.
Li Yunfei, the general manager of BYD's brand and public relations division, exposed the latest information regarding the firm's high-end brand via Weibo on Sunday. The new brand and logo will be released in the third quarter of this year.
On Friday, Chinese automaker BYD unveiled its foremost technology called CTB (cell to body), which allows the battery to be integrated into the vehicle body itself. The first EV model to utilize the technology will be the Seal series of vehicles.