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January 2, 2024
Chinese carmaker BYD (BYDDF) has emerged as the world's largest carmaker, with sales for the fiscal year 2023 surpassing 3 million units. This achievement places BYD ahead of its main rival Tesla, as well as other domestic carmakers such as Li Auto, XPeng, and Nio.
January 2, 2024
Japanese officials say at least 48 people have died and many others are trapped beneath rubble, after a powerful earthquake. ukraine suffers another intense night of russian bombardment, leaving at least five people dead. ukraines air defence claims 35 drones were shot down. time for a look at the business news now. tesla, the elon musk controlled car—maker which pioneered mass market electric vehicles, has been relegated to second position in the global league of electric car—makers. its ch...
January 1, 2024
But BYD last year sold 1.6 million fully electric vehicles and another 1.4 million hybrids, which are powered by both batteries and gasoline. Together that is a 62% increase over 2022. BYD is also making money, tripling its profit to $1.5 billion in the first half of last year. All told, Chinese automakers are expected to have sold about 9.4 million electric vehicles and hybrids last year, an increase from 6.9 million in 2022, according to the China Association of Automobile Manufacturers. The g...
December 29, 2023
BYD: In a similar move, BMW Group disclosed in December that it had obtained a test license for L3 self-driving on high-speed roads in Shanghai. Meanwhile, Mercedes Benz revealed its plans to conduct L3 tests on specified highways in Beijing.
December 28, 2023
The electric vehicle (EV) landscape in India is undergoing constant evolution, with 2024 poised for exciting launches as automakers gear up to expand their portfolios and intensify competition. Here are some of the notable EV launches anticipated in 2024, expected to boast impressive ranges.
December 28, 2023
Lei Jun, the cofounder and CEO of Xiaomi, unveiled the company’s first electric vehicle on Thursday, marking the Chinese smartphone maker’s entry into the countrys highly competitive EV market.
December 28, 2023
Smartphone maker Xiaomi on Thursday unveiled its first electric vehicle SU7, which will hit the streets in 2024. The price of the luxury vehicle was not disclosed at the event.
December 27, 2023
Wang Chuanfu is no Elon Musk — he eschews social media and largely steers clear of the limelight. But in an uncharacteristically brash address delivered weeks before the European Union opened an investigation into how China has subsidised its EV industry, Wang declared the time had come for Chinese brands to “demolish the old legends” of the auto world.
December 27, 2023
The automaker is poised to surpass Tesla Inc. as the new worldwide leader in fully electric vehicle sales.
December 27, 2023
BEIJING: Chinese electric vehicle giant BYD said on Wednesday it has obtained a conditional testing license for...