In a tense election year for the United States, Secretary of State Antony Blinken criticised Chinese non-market practices during a recent visit to China, amid suggestions of further tariffs on Chinese products ranging from electric vehicles to metals. In the view of the US, China’s expanding industrial capabilities could spell disaster for international markets, and … Read more
U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals. The goal: to rake in hefty profit … Read more
BEIJING: By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. And that’s just what it is getting. Automakers are expected to launch 110 EVs and plug-in hybrids … Read more
Still, for many Chinese firms that do venture out, or wish to, concerns linger over profitability, policy uncertainties and safety – as well as vast differences in the work cultures. “It was very tough to convince or to try to explain to Chinese companies from mainland China why they should come to Mexico and what … Read more
While China epitomises strategic synergy, the United States is caught in a conundrum of infrastructural challenges and market inertia. The evolution of China’s EV ecosystem showcases how strategic resources, when aligned with market forces, can catalyse self-reinforcing cycles of growth and advancements. Central to China’s rise in the EV industry is its battery production supply … Read more
Not content with unseating Tesla as the world’s top-selling electric car maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in one of the most aggressive rounds of discounting seen in China’s bruising price war. The automaker is currently discounting almost every electric and hybrid car … Read more
Touchscreen infotainment systems have become a staple feature in modern car interiors, boasting sleek designs and user-friendly interfaces. However, their convenience also brings forth a growing worry regarding their impact on driver attention. According to a report by ARSTechnica, automotive safety testing organization EuroNCAP highlights a concerning trend. Original Equipment Manufacturers (OEMs) increasingly rely on … Read more
Tesla CEO Elon Musk said Wednesday that Chinese electric vehicle companies will “demolish” their competitors elsewhere in the world without trade barriers. “Our observation is generally that the Chinese car companies are the most competitive car companies in the world, so I think they will have significant success outside of China, depending on what kind … Read more
How this Chinese EV maker pipped Elon Musk’s Tesla in sales FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Trusted Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to … Read more
Chinese electric vehicle giant BYD is in final talks with the Hungarian government to secure a multibillion-euro investment in a new electric car factory, in a deal that could be announced as early as Friday, the Financial Times reported on Thursday. The company is looking to manufacture electric cars and batteries at a new plant … Read more
