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Chinese auto company BYD announced on July 14 that it expected a net profit between 2.8 billion to 3.6 billion yuan ($413.8 million - $532 million) in the first half of 2022, up 138.59% to 206.76% year-on-year.
Tesla received state subsidies for 101,082 vehicles sold in the country in 2020, for a combined total of 2.12 billion yuan ($329 million), according to data released Monday by China's Ministry of Industry and Information Technology (MIIT).
During the BYD 2022 annual report communication meeting, Chairman Wang Chuanfu shared his perspective on autonomous driving in a clear and honest manner. He dismissed unmanned driving as impractical and misleading, emphasizing that advanced assisted driving is the way forward for future development.
Chinese automaker BYD announced on October 22 that its Frigate 07 model officially rolled off of the mass production line and will be priced between 220,000 yuan to 280,000 yuan ($30,290 - $38,551).
BYD's high-end brand Yangwang held a media communication meeting on February 21 to further show its technology platform named e⁴, which takes the independent drive of four motors as its core focus.
The CAAM released a report pointing out that the production and sales volume of new energy vehicles in China were 3.545 million and 3.521 million respectively.
BYD and Momenta have announced a new joint venture, Shenzhen Dipai Zhixing Technology Co., Ltd. (Dipai Zhixing).
Chinese electric vehicle maker BYD announced on October 17 that it expects net profits in the third quarter to reach between 5.505 billion and 5.905 billion yuan ($764.79 million - $820.36 million), an increase of 334%-365% from the same period last year.
Berkshire Hathaway, an investment company owned by Warren Buffett, sold 2.4805 million shares of BYD on March 31 at an average price of HK$217.67 ($27.73) per share for a total of approximately HK$540 million ($68.8 million).
As a popular model in BYD's Dynasty series, the Qin Plus DM-i's Champion Edition will be launched on February 10. The new vehicle will be equipped with an 8.8-inch full LCD screen and feature a cruising range increasing from 1200km to 1310km.
On April 23rd, it was reported that the latest spy photos of BYD's pure electric pickup truck were exposed online. This vehicle is BYD's first pickup truck model and is expected to be available in two power versions: a pure electric drive system and a plug-in hybrid drive system.
There are reports that CATL and BYD are preparing to launch power batteries with a charging rate of up to 6C.