Huawei partnered with BYD, China's largest EV maker, to launch its Kirin 710A chips in vehicles.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.
Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
Employees of some large enterprises have returned to offices after roughly two months of working from home. Yet, resumption of normal operations has come at a price for Chinese companies.
As the COVID-19 outbreak shows few signs of ebbing, the impact of the epidemic is becoming evident in pretty much all industries. China’s new energy vehicle (NEV) sector is no exception.
Some non-traditional manufacturers of medical supplies including masks, plastic gloves and disinfectant have joined the effort.
For the first time since 2016, Tesla has surpassed the Chinese automaker BYD as the world's new energy vehicle sales champion, with 367,500 vehicles sold.
On May 4, at the annual Berkshire Hathaway shareholders' meeting, Hathaway's head Warren Buffett was interviewed by Yahoo Finance.
BYD recently signed a contract to supply 100 K9FE electric buses to Santiago, Chile, and the delivery will be completed by end November as announced on July 3.
The Chinese New Year's Eve Gala was surprising as Chinese AI made an spectacular debut for 40 seconds.
Alternative energy vehicle were under the spotlight in the Chinese market during 2017, with a total sales volume of 777,000, a year-on-year growth of 53.3 percent. Blade electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) show a year-on-year growth of 82.1 percent and 39.4 percent respectively.
BYD announced it would build an electric truck factory in Canada, which will be its first electric car assembly plant in Canada. The electric truck plant is scheduled to be put into operation next year.
A BYD Tang was sighted in the parking lot of Chrysler's headquarters in Auburn Hills, Michigan in June. Chrysler purchased the vehicle as a reference for its forthcoming 2018 Jeep Cherokee. A US automaker was ‘learning’ from BYD Tang's experience.