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On Wednesday, Zhizu Power Exchange, an intelligent power exchange enterprise for electric two-wheel vehicles, announced the completion of a B round financing worth 110 million yuan ($17.2 million).
With the price war among Chinese fuel vehicle brands accelerating, there are signs of a price reduction trend for new energy vehicles as well.
On January 15, 2025, Chinese automaker BYD announced its strategic partnership with Southeast Asian mobility giant Grab, to deliver 50,000 BYD electric vehicles for Grab drivers across the region.
With its advantages in automobile manufacturing and preferential tariff policies, Thailand is emerging as an important destination for China's new energy vehicle makers to begin exploring international markets.
Cui Dongshu, Secretary General of the China Passenger Car Association, issued a post on Saturday claiming that in 2022, the country's new energy passenger cars accounted for 57% of the global market, due mainly to strong domestic demand.
BYD, a leading Chinese manufacturer of new energy vehicles, announced on September 28 that it has entered into a cooperation with Bustami & Saheb Trading Company (BSTC), Jordan's leading car dealership group.
Recent pictures of a motorcycle being tested by personnel working for BYD have been circulating around Chinese news outlets. BYD has confirmed that it is developing motorcycles in partnership with another company.
BYD will invest ￥100 billion in developing intelligent technology combining AI and automobiles, achieving comprehensive vehicle intelligence advancement to win future technological discourse power.
Leading mobile transportation provider Didi Chuxing unveiled its new model D1 on Nov. 17, the world’s first electric vehicle custom-built for ride-hailing.
BYD has a total of seven models among the top 20 sales spots in the world. Among them, Qin Plus ranks 5th, Han ranks 6th, Dolphin 7th, Yuan Plus 8th, Tang 10th and Destroyer 05 17th.
On November 10th, BYD announced that the first batch of production vehicles for the BYD YangWang U8 has officially rolled off the assembly line and delivery is about to begin.
On June 9, BYD officially announced its new sub-brand FANG CHENG BAO. The brand, as the fifth in the row of the BYD brand matrix, will meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle models.