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Chinese carmakers race Tesla on humanoid robots; BYD launches ‘God’s Eye’: 7 EV reads
Advertisement Chinese carmakers race Tesla on humanoid robots; BYD launches ‘God’s Eye’: 7 EV reads From Tesla sales surging in China to BYD and Chery charting their overseas growth, here are seven EV stories you may have missed 2-MIN READ2-MIN Listen We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
Chinese carmakers BYD, Chery chart 80% growth overseas as EV demand spikes
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). 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 as at home last month. The state-owned company, based in eastern China’s Anhui province, handed 181,571 vehicles to...
The world's carmakers are struggling to compete with China
Global carmakers are reportedly
The world's carmakers are struggling to compete with China
Global car manufacturers are facing increasing difficulty competing with Chinese automotive companies. A BBC visit to Chinese EV factories revealed that these firms are dominating the evolving ecosystems within the worldwide auto industry.
Stellantis invests €1bn in French operations for new EV and hybrid production
The move comes as European carmakers face mounting competition from Chinese rivals and intensify efforts to expand their electric and hybrid vehicle offerings. Stellantis, the owner of Peugeot, Fiat and Jeep, said on Tuesday it will invest €1 billion in its Mulhouse factory in eastern France to develop and manufacture three new Peugeot electric or hybrid models, starting in 2029. The move comes as European carmakers grapple with weak demand in China, rising global competition and tariffs.
China’s EV giants are breathing new life into Europe’s ailing car industry
China’s EV giants are breathing new life into Europe’s ailing car industry From Chery in Britain to SAIC in Spain, Chinese carmakers are investing in new plants and revitalising old ones as they localise production From Sunderland to Spain, Chinese manufacturers are revitalising idle factories and investing where traditional European carmakers are pulling back. The latest and perhaps most significant development in Britain is the preliminary agreement between Chery and Nissan to explore...
Pentagon blacklists China tech giants as US competition expands
The Pentagon added tech giants Alibaba and Baidu and carmaker BYD to a blacklist of Chinese companies with military ties amid widening competition between the world’s two largest economies. Drug maker WuXi AppTec, robot company Unitree and carmaker Nio were among other businesses added to the 1260H list, according to a US Department of Defence notice. Some Chinese companies no longer operating in the United States were removed in the annual update.
Premium plan: China’s EV makers pin hopes on high-end models to buttress margins
Chinese electric vehicle (EV) makers are speeding up their pivot to the premium segment, where they hope to secure higher profit margins and dodge the cutthroat market’s most vicious price competition. New models launched by carmakers including Nio and Seres also mount a challenge to Tesla’s bestselling Model Y in the world’s largest EV market. “Intensified efforts to gain ascendancy in the premium segment show the carmakers’ confidence in their technologies,” said Chen Jinzhu, CEO of...