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‘We could be a very active player,’ executive chairman says at Shanghai Auto Show.
Lithium prices are just one-ninth of the peak in 2022, allowing EV makers to win over new buyers in mainland China.
With large screens and high-quality audio systems, Chinese cars are ready to run infotainment software Russian drivers favour, vendor says.
Growing sales in emerging markets are insulating Chinese EV makers from tariff volatility, AlixPartners says.
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‘Safety’ is the big buzzword as firms adjust tone amid Beijing’s closer scrutiny after a fatal crash involving a driver-assistance system.
The company plans to boost production to 2 million units this year from about 502,000 units in 2024, founder and CEO David Li Yifan says.
Hyundai, Hozon, Jaguar Land Rover, Polestar and nearly a dozen other marques miss the world’s largest auto event.
Firms including BYD, Nio, Geely, Xiaomi and Leapmotor will showcase new and existing models at the two-week event starting on Wednesday.
Company’s Firefly minicar, priced around US$16,400, will be competitive in global markets despite tariffs, president says.
The new Naxtra-brand batteries would enable an electric vehicle to travel up to 500km (310 miles) on a single charge.
While Thailand dominates durian sales in China, sales of the Malaysian fruit have grown tenfold from last year, industry insiders say.
China has pledged to trim debts among local government financing vehicles by 2.3 trillion yuan (US$315 billion) by 2028.
Beijing warns EV makers and technology providers to adhere to development rules and take care not to overstate capabilities.
China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.
SAIC, which assembles petrol cars with GM and VW, has been left trailing as Chinese consumers switch to EVs sold by Tesla, Xpeng, Nio and Li Auto.
World’s top maker of EV batteries and oil giant aim to build a ‘battery-swapping ecosystem across the whole nation’.
Xpeng’s Turing AI chip is three times more powerful in computing power than the Nvidia chip installed in its existing EVs.
While prices of upscale units in Shanghai rose 5 per cent quarter on quarter, overall market prices fell 4 per cent year on year in March.
Tesla has stopped taking orders to import the US-made models to China; to persuade buyers to consider the Shanghai-made Model Y and Model 3.
At biggest risk US$13.6 billion worth of components which China ships to the US annually.
Hong Kong stocks rebound; other Asia-Pacific markets fall as US tariffs on China and other trading partners take effect.
Adoption of the laser-based sensors will increase as consumers demand safe self-driving systems, analysts say.
Output from the Shanghai Gigafactory dropped to 172,754 units in the first three months of the year from 220,876 a year earlier.
Autonomous-driving features carry high safety risks amid a lack knowledge about how the systems work, leader of industry body says.
BYD’s first-quarter deliveries rose 59.8 per cent to more than 1 million vehicles.
Company says it submitted the driving data and relevant operational information to the police and deeply regrets the tragedy.
The delivery waiting time for the popular SUV on the mainland has been reduced to three to five weeks from six to 10 weeks.
China vows to combat unfair pricing and misinformation by EV players, as it aims to stabilise growth and profitability of the sector.
More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.
