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BYD's Denza Z9GT challenges Mercedes-Benz in the premium EV market, showcasing advanced technology and upmarket push to increase profitability amid a saturated domestic market and international scrutiny.
India's EV policy invites Tesla with reduced customs duty, sparking competition with Tata Motors. BYD eyes 90% market share. Mahindra's XUV400 competes. Xiaomi's SU7 threatens Indian EV players, priced competitively at INR 25 lakh.
Chinese EV Maker: Ding Lei, founder of Shanghai-based Human Horizons which makes the Hiphi-branded EVs, met Zhu in Chongqing on Feb. 27, Yicai added, citing a separate person it didn't name.
Chinese EV: The difference between Europe's legacy automakers and more EV-focused Chinese manufacturers will be on stark display this week at the Geneva car show, which is returning after a four-year hiatus due to the pandemic. The only major companies holding media events are France's Renault, and China's SAIC and BYD - two of a number of the country's automakers that have set their sights on Europe.
Xpeng: The additional employees would represent a 25% expansion of the Volkswagen-backed EV maker's workforce from the latest headcount of 15,829 at the end of 2022. The expansion was announced in a letter from Chief Executive He Xiaopeng to employees on Sunday, the first working day after the Lunar New Year holiday.