SHANGHAI: Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday (Apr 29), as an aggressive domestic price war and Western regulatory pressure weighed on the company’s growth. BYD posted an operating revenue of 124.94 billion yuan (US$17.25 billion) for the first three months of the year, up 3.97 … Read more
Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader in the market rather than a price follower.” The SU7, fitted with intelligent features such as an autonomous driving system and digital cockpit, hit the … Read more
The story so far: The Union government on March 15 approved a policy to promote India as a manufacturing hub for electric vehicles (EVs). Broadly, the policy attempts to pave the way for global EV manufacturers to invest in India and to manufacture locally. “This will provide Indian consumers with access to latest technology, boost … Read more
Xiaomi has got off to a racing start in the country’s crowded electric vehicle (EV) market, after saying it sold around 50,000 vehicles within half an hour of the launch of its new model, the SU7. The Chinese smartphone and gadget maker, which has been competing with Apple for years, now has its sights set … Read more
At Apple’s office in Shanghai, Cook on Wednesday met two billionaire company founders: Wang Chuanfu, the chairman and chief executive of the world’s largest electric vehicle maker BYD, and Zhou Qunfei, the chairwoman and chief executive of touch screen manufacturer Lens Technology. Also present at the meeting was Chen Xiaoshuo, chief executive at electronic components … Read more
Apple chief executive Tim Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD in Shanghai, ahead of the company’s new store opening in the city, as the US tech giant goes on a charm offensive amid weak iPhone sales in the world’s largest smartphone market. This marks the … Read more
Chinese smartphone maker Xiaomi will start deliveries of its maiden electric vehicle (EV) on March 28 as it joins the fray against established players like BYD and Tesla amid an ongoing discount war in the highly competitive domestic market. The Beijing-based company said on Tuesday orders could be placed immediately, but it did not unveil … Read more
The smart mobility segment of Hong Kong’s Smart City initiative includes the development of an intelligent transport system. Illustration: Dennis Wong Lam indicated that the city is currently looking at the feasibility of deploying autonomous vehicles, each with space for more than 10 people, to serve certain fixed routes like mini buses, with trials to … Read more
How this Chinese EV maker pipped Elon Musk’s Tesla in sales Read original article here Denial of responsibility! Pioneer Newz 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 their authors. If you are … Read more
There are plenty of automakers outside of the U.S. that make killer EVs you can’t get here. Here are some of the best of them. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All … Read more
