BYD produced more than 3 million cars in 2023, set to beat Tesla

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to … Read more

China’s Xiaomi unveils first EV in bid to compete with Porsche, Tesla

Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more … Read more

Chinese EV startups Xpeng, Li Auto deliver record cars in October

Xpeng reveals its G6 SUV at a major auto show in Shanghai on April 18, 2023. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car companies Xpeng and Li Auto each delivered a record number of cars in October, according to company releases late Wednesday. Xpeng said it delivered 20,002 cars … Read more

Tesla rival Xpeng presses ahead with driver-assist rollout in China, Europe

An Xpeng G9 electric vehicle at the Xpeng pavilion in the Open Space area during the Munich Motor Show (IAA) in Munich, Germany, on Sept. 5, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end … Read more

VinFast aims to sell up to 50,000 EVs in 2023 — but it’s far from its target

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast’s ambitious plan to deliver as many as 50,000 vehicles this year is “unrealistic,” according to one analyst. VinFast said it expects to deliver 40,000 to 50,000 … Read more

EU trade chief says the outcome of China EV probe cannot be prejudged

BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe’s outcome, the head of trade for the European bloc’s executive branch said Tuesday. About two weeks ago, the European Commission announced an investigation into government subsidies for EV makers in China. The probe focuses … Read more

Swedish EV maker Polestar plans personal smartphone launch in China

A Polestar 4 electrical SUV is on show through the twentieth Shanghai Worldwide Car Trade Exhibition on the Nationwide Exhibition and Conference Middle (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visible China Group | Getty Photos MUNICH — Swedish electrical automobile maker Polestar plans to launch a smartphone in December alongside deliveries … Read more

Chinese language EV manufacturers Nio, Xpeng, Li Auto preserve tempo with Q3 steering

Pictured here’s a Nio pop-up retailer in Shanghai, China, on Aug. 4, 2023. Nurphoto | Nurphoto | Getty Photographs BEIJING — Chinese language electrical automobile firms Nio, Xpeng and Li Auto delivered sufficient automobiles in August to maintain tempo with their third quarter steering. That is in line with bulletins from the three firms, that … Read more

China’s Xpeng expects revenue development from value cuts, Volkswagen deal

A XPeng Inc. G6 electrical sport utility car (SUV). Qilai Shen | Bloomberg | Getty Photos Xpeng expects value cuts and its Volkswagen partnership to slim the agency’s losses, the Chinese language EV maker advised CNBC in an unique interview on Monday. On Friday, the agency logged its greatest quarterly loss since its U.S. itemizing … Read more

Xpeng (XPEV) shares leap as Chinese language EV maker sees deliveries rise

A XPeng Inc. G6 electrical sport utility automobile (SUV). The corporate is hoping the discharge of the brand new automotive will enhance gross sales which plunged within the first quarter. Qilai Shen | Bloomberg | Getty Photos Shares of Xpeng had been increased Monday within the U.S. after the Chinese language electrical automobile maker reported … Read more