BYD will start assembling cars at its new plant in Hungary in the fourth quarter of this year, reports Reutersciting a company executive. Meanwhile, the Chinese automaker has paused work on a plant in Turkey while it focuses on production in Europe. “Hungary is the number one priority right now,” Executive Vice President Stella Li told […]
Category: Autos
Leading Chinese carmakers like BYD and Chery Automobile are reaping rewards from their efforts to boost sales abroad, as they chase higher profitability amid rising demand for electric vehicles (EVs), reports the South China Morning Post. Chery, which spearheaded the go-global drive among mainland China’s automotive groups and is the country’s largest car exporter, delivered three times as many cars overseas […]
BYD has set its sights on achieving zero traffic accidents through self-developed autonomous driving technology, reports the South China Morning Post. This comes as the world’s largest EV maker aims to assemble next-generation cars affordable for mass consumers. Founder and chairman Wang Chuanfu told a press conference in Shenzhen on Thursday that BYD’s “God’s Eye” advanced driver-assistance […]
China’s electric vehicle (EV) makers could introduce a “lidar” sensor-based intelligent driving system in models priced as low as RMB 60,000 (US$8,795) this year, reports the South China Morning Post. This price point is the lowest for models on sale in China’s market, excluding mini vehicles sold for less than RMB 50,000, indicating fierce competition among Chinese carmakers amid […]
Investors pressed Mercedes-Benz on its recovery plans for China on Thursday, reports Reuters, warning that a luxury-focused strategy could hurt the German brand’s chances of winning back Chinese consumers after a slump in sales. Like rivals BMW and Audi, Mercedes has lost ground in the world’s largest car market, struggling to keep pace with fast-moving local […]