Chinese EV maker BYD surges in Fortune Global 500 ranking
Meanwhile, Chinese battery giant CATL made it in the Global 500 for the first time
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Meanwhile, Chinese battery giant CATL made it in the Global 500 for the first time
Strong sales for BYD, Li Auto and Nio, which follow a price war earlier in 2023 that failed to spark demand, have helped put the country’s electric car sector back on the fast track, and are likely to offer the slowing national economy a much-needed boost.
Chinese EV maker Leapmotor unveiled the "Four Leaf Clover" platform, aiming to license it to other automakers for intelligent EVs.
XPeng is known for its high-tech cars. Helps, too, that it already has offices in the US.
Carmakers are upping the ante in the battle for supremacy in autonomous driving, fine-tuning the technology in a bid to attract buyers of smart electric vehicles in China.